Newmans Property Developments Limited Small abridged accounts

DAWLISH SANDS CARAVANS LTD - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Newmans Property Developments Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 09518422

Newmans Property Developments Limited

Unaudited Abridged Financial Statements

31 December 2016

Newmans Property Developments Limited

Abridged Financial Statements

Year ended 31 December 2016

Contents	Page

Directors' report	1

Report to the board of directors on the preparation of the unaudited statutory abridged financial statements	2

Abridged statement of comprehensive income	3

Abridged statement of financial position	4

Statement of changes in equity	5

Notes to the abridged financial statements	6

The following pages do not form part of the abridged financial statements

Detailed abridged income statement	10

Notes to the detailed abridged income statement	11

Newmans Property Developments Limited

Directors' Report

Year ended 31 December 2016

The directors present their report and the unaudited abridged financial statements of the company for the year ended 31 December 2016 .

Directors

The directors who served the company during the year were as follows:

Mr N B Newman
Mrs C J Newman

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 28 September 2017 and signed on behalf of the board by:

Mr N B Newman	Mr N B Newman
Director	Company Secretary

Registered office:

72 Cranford Avenue

Exmouth

Devon

EX8 2QF

Newmans Property Developments Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Newmans Property Developments Limited

Year ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Newmans Property Developments Limited for the year ended 31 December 2016, which comprise the abridged statement of comprehensive income, abridged statement of financial position, statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

SOUTHON & CO

6 The Parade Chartered Certified Accountants Exmouth Devon EX8 1RL

28 September 2017

Newmans Property Developments Limited

Abridged Statement of Comprehensive Income

Year ended 31 December 2016

	2016	2015
Note	£	£
Gross profit	–	–

Administrative expenses	1,390	–
	-------	----
Operating loss	( 1,390)	–

		-------	----
Loss before taxation	4	( 1,390)	–

Tax on loss	–	–
	-------	----
Loss for the financial year and total comprehensive income	( 1,390)	–
	-------	----

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Newmans Property Developments Limited

Abridged Statement of Financial Position

31 December 2016

	2016		2015
Note	£	£	£

Fixed assets

Tangible assets	5		364	–

Current assets

Debtors	2	2
Cash at bank and in hand	203,522	–
	---------	----
	203,524	2

Creditors: amounts falling due within one year	205,276		–
	---------		----
Net current (liabilities)/assets		( 1,752)	2
		-------	----
Total assets less current liabilities		( 1,388)	2
		-------	----
Net (liabilities)/assets		( 1,388)	2
		-------	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 1,390)	–
	-------	----
Members (deficit)/funds	( 1,388)	2
	-------	----

These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 28 September 2017 , and are signed on behalf of the board by:

Mr N B Newman
Director

Company registration number: 09518422

Newmans Property Developments Limited

Statement of Changes in Equity

Year ended 31 December 2016

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2015	–	–	–

Profit for the year		–	–

Issue of shares	2	–	2
	----	----	----
Total investments by and distributions to owners	2	–	2

At 31 December 2015	2	–	2

Loss for the year		( 1,390)	( 1,390)
	----	-------	-------
Total comprehensive income for the year	–	( 1,390)	( 1,390)

	----	-------	-------
At 31 December 2016	2	( 1,390)	( 1,388)
	----	-------	-------

Newmans Property Developments Limited

Notes to the Abridged Financial Statements

Year ended 31 December 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 72 Cranford Avenue, Exmouth, Devon, EX8 2QF.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	`25% on cost`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Profit before taxation

Loss before taxation is stated after charging:

	2016	2015
	£	£
Depreciation of tangible assets	121	–
	----	----

5. Tangible assets

	£
Cost
Additions	485
	----
At 31 December 2016	485
	----
Depreciation
Charge for the year	121
	----
At 31 December 2016	121
	----
Carrying amount
At 31 December 2016	364
	----
At 31 December 2015	–
	----

6. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2016
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr N B Newman	2	–	2
	----	----	----

	2015
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr N B Newman	–	2	2
	----	----	----

7. Related party transactions

At the year end the amounts owed to N H H Holdings (UK) Ltd was £205000 (2015 - £Nil). The company was under the control of Mr N B Newman throughout the current period.

8. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the period.

Newmans Property Developments Limited

Management Information

Year ended 31 December 2016

The following pages do not form part of the abridged financial statements.

Newmans Property Developments Limited

Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£

Overheads

Administrative expenses

Office expenses	180	–
Printing postage and stationery	443	–
Advertising	250	–
Accountancy fees	396	–
Depreciation of tangible assets	121	–
	-------	----
	1,390	–

	-------	----
Operating loss	( 1,390)	–

	-------	----
Loss before taxation	(1,390)	–
	-------	----

Newmans Property Developments Limited

Notes to the Detailed Abridged Income Statement

Year ended 31 December 2016

	2016	2015
	£	£