Quarry View Development Ltd. Micro-entity accounts

Quarry View Development Ltd. Micro-entity accounts

COULOIR PROPERTY DEVELOPMENT LTD - Company Information

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COMPANY REGISTRATION NUMBER: 08942192
Quarry View Development Ltd.
Unaudited Financial Statements
31 March 2017
Quarry View Development Ltd.
Financial Statements
Year ended 31 March 2017
Contents
Page
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
1
Income statement
2
Statement of financial position and the notes to the financial statements
3
The following pages do not form part of the financial statements
Detailed income statement
6
Notes to the detailed income statement
7
Quarry View Development Ltd.
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Quarry View Development Ltd.
Year ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quarry View Development Ltd. for the year ended 31 March 2017, which comprise the income statement, statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Couloir 2 Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Couloir 2 Limited and state those matters that we have agreed to state you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Couloir 2 Limited and its director for our work or for this report.
It is your duty to ensure that Quarry View Development Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quarry View Development Ltd.. You consider that Quarry View Development Ltd. is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Quarry View Development Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HAGGARDS CROWTHER PROFESSIONAL SERVICES LLP Chartered Accountants
2nd Floor Heathmans House 19 Heathmans Road London SW6 4TJ
21 December 2017
Quarry View Development Ltd.
Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
24,820
13,590
Other income
133,326
-
---------
--------
158,146
13,590
Cost of raw materials and consumables
1,688
1,686
Depreciation and other amounts written off assets
388
96
Other charges
25,010
12,635
Tax
23,204
-
---------
--------
Profit/(loss)
107,856
( 827)
---------
--------
Quarry View Development Ltd.
Statement of Financial Position
31 March 2017
2017
2016
£
£
£
Fixed assets
975
237,275
----
---------
Current assets
228,117
2,062
Prepayments and accrued income
-
489
---------
-------
228,117
2,551
Creditors: amounts falling due within one year
120,406
105,951
---------
---------
Net current assets/(liabilities)
107,711
( 103,400)
---------
---------
Total assets less current liabilities
108,686
133,875
Creditors: amounts falling due after more than one year
-
131,970
Accruals and deferred income
1,040
2,115
---------
---------
107,646
(210)
---------
---------
Capital and reserves
107,646
( 210)
---------
----
Notes to the financial statements
1. Directors' advances, credits and guarantees
Included in Other Creditors, due within one year, is a loan from Mr S Cowan , a director in the amount of £87,459 (2016 - £94,420). The outstanding balance is unsecured, subject to interest at Bank of England base rate of 0.5% and payable on demand.
For the year ending 31 March 2017 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 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 financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 21 December 2017 , and are signed on behalf of the board by:
Mr S Cowan
Director
Company registration number: 08942192
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.
Quarry View Development Ltd.
Management Information
Year ended 31 March 2017
The following page does not form part of the financial statements.
Quarry View Development Ltd.
Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
24,820
13,590
Cost of raw materials and consumables
Repairs and maintenance
-
1,054
Building insurance
1,688
632
-------
-------
1,688
1,686
-------
-------
Depreciation and other amounts written off assets
388
96
Other charges
25,010
12,635
---------
--------
131,060
(827)
---------
--------
Quarry View Development Ltd.
Notes to the Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Depreciation and other amounts written off assets
Depreciation of tangible assets
388
96
----
----
Other charges
Travel and subsistence
1,638
1,529
Office expenses
170
-
Marketing
-
295
Printing postage and stationery
164
-
Entertaining
253
-
Bank charges
78
121
Legal and professional fees (allowable)
8,425
-
Accountancy fees
1,459
1,378
Other interest payable and similar charges
12,823
9,312
--------
--------
25,010
12,635
--------
--------