Belgrave Homes Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08690237 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Belgrave Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Buchanan

Mrs A Buchanan

S P Haskett

SECRETARY:

Turner Hampton Secretaries Limited

REGISTERED OFFICE:

3 Wellington Business Park

Dukes Ride

Crowthorne

Berkshire

RG45 6LS

REGISTERED NUMBER:

08690237 (England and Wales)

ACCOUNTANTS:

Turner Hampton

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

351,950

315,630

Investments

5

3

-

351,953

315,630

CURRENT ASSETS

Inventories

2,449,043

3,465,913

Debtors

6

4,528,998

138,261

Cash at bank and in hand

63,157

2,277,518

7,041,198

5,881,692

CREDITORS

Amounts falling due within one year

7

(6,284,242

)

(6,084,355

)

NET CURRENT ASSETS/(LIABILITIES)

756,956

(202,663

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,108,909

112,967

CREDITORS

Amounts falling due after more than one year

8

(963,167

)

-

PROVISIONS FOR LIABILITIES

(9,390

)

(1,329

)

NET ASSETS

136,352

111,638

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

136,252

111,538

SHAREHOLDERS' FUNDS

136,352

111,638

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 August 2017 and were signed on its behalf by:

P Buchanan - Director

1.	STATUTORY INFORMATION

Belgrave Homes Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents total sales and work done less credit notes, discounts and value added tax. Where

contractual obligations have been partially performed at the balance sheet date, revenue is

recognised to the extent that the company has obtained the right to consideration through its

performance.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant & equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Office equipment

-

20% on cost

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Long term projects

Long term projects are assessed on a project by project basis and are reflected in the profit and loss

account by recording turnover and related costs as contract activity progresses. Where the outcome

of each long term project can be assessed with reasonable certainty before its conclusion, the

attributable profit is recognised in the profit and loss account as the difference between the reported

turnover and related costs for the project.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant &

and

property

equipment

fittings

£

£

£

COST

At 1 January 2016

313,248

-

3,665

Additions

-

43,640

355

At 31 December 2016

313,248

43,640

4,020

DEPRECIATION

At 1 January 2016

4,265

-

369

Charge for year

3,984

1,807

889

At 31 December 2016

8,249

1,807

1,258

NET BOOK VALUE

At 31 December 2016

304,999

41,833

2,762

At 31 December 2015

308,983

-

3,296

Computer

Office

equipment

equipment

Totals

£

£

£

COST

At 1 January 2016

976

3,569

321,458

Additions

187

-

44,182

At 31 December 2016

1,163

3,569

365,640

DEPRECIATION

At 1 January 2016

605

589

5,828

Charge for year

347

835

7,862

At 31 December 2016

952

1,424

13,690

NET BOOK VALUE

At 31 December 2016

211

2,145

351,950

At 31 December 2015

371

2,980

315,630

Included in cost of land and buildings is freehold land of £ 100,000 (2015 - £ 100,000 ) which is not

depreciated.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

3

At 31 December 2016

3

NET BOOK VALUE

At 31 December 2016

3

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

1,327

-

Amounts owed by group undertakings

2,138,168

-

Amounts recoverable on contract

2,343,000

-

Other debtors

11,620

127,250

VAT

34,883

7,419

Prepayments

-

3,592

4,528,998

138,261

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

10,069

-

Trade creditors

262,293

38,420

Amounts owed to group undertakings

1

-

Tax

-

26,439

Social security and other taxes

4,501

3,060

Other creditors

5,878

2,100

Sundry creditors

-

12,936

Directors' current accounts

6,000,000

6,000,000

Accrued expenses

1,500

1,400

6,284,242

6,084,355

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans - 1-2 years

942,099

-

Hire purchase contracts

21,068

-

963,167

-

9.	ULTIMATE CONTROLLING PARTY