Sycamore Homes (Bedford) Limited - Accounts to registrar - small 17.1.1

Sycamore Homes (Bedford) Limited - Accounts to registrar - small 17.1.1

SYCAMORE HOMES (BEDFORD) LIMITED - Company Information

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REGISTERED NUMBER: 03602940 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

SYCAMORE HOMES (BEDFORD) LIMITED

SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SYCAMORE HOMES (BEDFORD) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2017







DIRECTOR: S Bird





SECRETARY: Mrs J A Bird





REGISTERED OFFICE: The Granary
High Street
Turvey
Bedfordshire
MK43 8DB





REGISTERED NUMBER: 03602940 (England and Wales)





ACCOUNTANTS: Cox & Co. (Accountancy) Limited
Chartered Accountants
The Granary
High Street
Turvey
Bedford
Bedfordshire
MK43 8DB
Page 1
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

BALANCE SHEET
31 JULY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 689,627 693,175

CURRENT ASSETS
Stocks 42,500 1,041,422
Debtors 5 6,556 3,153
Cash at bank 1,004,920 19,068
1,053,976 1,063,643
CREDITORS
Amounts falling due within one year 6 240,918 632,121
NET CURRENT ASSETS 813,058 431,522
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,502,685
1,124,697

PROVISIONS FOR LIABILITIES 2,023 2,839
NET ASSETS 1,500,662 1,121,858

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,500,660 1,121,856
SHAREHOLDERS' FUNDS 1,500,662 1,121,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 September 2017 and were signed by:



S Bird - Director


The notes form part of these financial statements

Page 2
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017

1. STATUTORY INFORMATION

Sycamore Homes (Bedford) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 33% on reducing balance and 25% on reducing balance

Leasehold property recorded in the accounts is investment property. The properties are recorded at cost which in
the Director's opinion is similar to market value at the balance sheet date. As recording the investment property
at market value is of prime importance, rather than the systematic recording of annual depreciation, no
depreciation is provided.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2016
and 31 July 2017 678,979 23,701 702,680
DEPRECIATION
At 1 August 2016 - 9,505 9,505
Charge for year - 3,548 3,548
At 31 July 2017 - 13,053 13,053
NET BOOK VALUE
At 31 July 2017 678,979 10,648 689,627
At 31 July 2016 678,979 14,196 693,175

Page 3 continued...
SYCAMORE HOMES (BEDFORD) LIMITED (REGISTERED NUMBER: 03602940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 6,556 3,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 510,000
Hire purchase contracts 7,108 9,375
Trade creditors 67,503 36,701
Taxation and social security 118,083 72,491
Other creditors 48,224 3,554
240,918 632,121

7. ULTIMATE CONTROLLING PARTY

The company is controlled by Director S Bird and Mrs J Bird who each own 50% of the share capital.

Page 4