Dropmore Property Developments Ltd - Abbreviated accounts 16.1

Dropmore Property Developments Ltd - Abbreviated accounts 16.1

DROPMORE PROPERTY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 08867583 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 FEBRUARY 2015 TO 31 JULY 2016

FOR

DROPMORE PROPERTY DEVELOPMENTS LTD

DROPMORE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08867583)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2015 TO 31 JULY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

DROPMORE PROPERTY DEVELOPMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2015 TO 31 JULY 2016







DIRECTORS: S Homans
N Sutton
B E Tourle





REGISTERED OFFICE: The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA





REGISTERED NUMBER: 08867583 (England and Wales)





ACCOUNTANTS: Riddingtons Ltd
The Old Barn
Off Wood Street
Swanley Village
Kent
BR8 7PA
Page 1
DROPMORE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08867583)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,392 349

CURRENT ASSETS
Stocks 700,987 2,239,539
Debtors 388,141 105,019
Cash at bank 108 697
1,089,236 2,345,255
CREDITORS
Amounts falling due within one year 1,156,651 747,715
NET CURRENT (LIABILITIES)/ASSETS (67,415 ) 1,597,540
TOTAL ASSETS LESS CURRENT
LIABILITIES
(64,023
)
1,597,889

CREDITORS
Amounts falling due after more than one
year
-
(1,682,505
)

PROVISIONS FOR LIABILITIES (678 ) (70 )
NET LIABILITIES (64,701 ) (84,686 )

CAPITAL AND RESERVES
Called up share capital 3 100 -
Profit and loss account (64,801 ) (84,686 )
SHAREHOLDERS' FUNDS (64,701 ) (84,686 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
DROPMORE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08867583)

ABBREVIATED BALANCE SHEET - continued
31 JULY 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 27 February 2017 and were signed on its behalf
by:





B E Tourle - Director


The notes form part of these abbreviated accounts

Page 3
DROPMORE PROPERTY DEVELOPMENTS LTD (REGISTERED NUMBER: 08867583)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 1 FEBRUARY 2015 TO 31 JULY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 410
Additions 4,030
At 31 July 2016 4,440
DEPRECIATION
At 1 February 2015 61
Charge for period 987
At 31 July 2016 1,048
NET BOOK VALUE
At 31 July 2016 3,392
At 31 January 2015 349

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 -

Page 4