Abbreviated Company Accounts - STONEGATE HOMES LIMITED

STONEGATE HOMES LIMITED - Company Information

07440404 STONEGATE HOMES LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true 07440404 2015-12-01 2016-11-30 07440404 2016-11-30 07440404 2015-11-30 07440404 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 07440404 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number 07440404

STONEGATE HOMES LIMITED

Abbreviated Accounts

30 November 2016

STONEGATE HOMES LIMITED Registered Number 07440404

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	713,211	72,828
Investments	3	20	20
		713,231	72,848
Current assets
Stocks		1,251,536	278,709
Debtors		1,425,744	496,201
Cash at bank and in hand		75,765	1,105,072
		2,753,045	1,879,982
Creditors: amounts falling due within one year		(2,767,661)	(1,084,392)
Net current assets (liabilities)		(14,616)	795,590
Total assets less current liabilities		698,615	868,438
Total net assets (liabilities)		698,615	868,438
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		698,515	868,338
Shareholders' funds		698,615	868,438

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 September 2017

And signed on their behalf by:
S Curwen, Director

STONEGATE HOMES LIMITED Registered Number 07440404

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Office equipment and fixture and fittings 25% per annum of net book value
Motor vehicles 25% per annum of net book value

Valuation information and policy
Stock of property is valued at the lower of cost and net realisable value

2Tangible fixed assets

	£
Cost
At 1 December 2015	134,699
Additions	743,460
Disposals	(118,915)
Revaluations	-
Transfers	-
At 30 November 2016	759,244
Depreciation
At 1 December 2015	61,871
Charge for the year	36,188
On disposals	(52,026)
At 30 November 2016	46,033
Net book values
At 30 November 2016	713,211
At 30 November 2015	72,828

3Fixed assets Investments
As at 30 November 2014 investment consist of an investment in an associate undertakings totalling 20 pound which represents an acquisition cost of 20% ordinary share of Excelbet LTD.

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100