Homeco Internet Property Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03982774 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

HOMECO INTERNET PROPERTY LTD.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B T Horton

D S Shephard

REGISTERED OFFICE:

2 Mill Road

Haverhill

Suffolk

CB9 8BD

REGISTERED NUMBER:

03982774 (England and Wales)

ACCOUNTANTS:

Hackett Griffey LLP

Chartered Certified Accountants

2 Mill Road

Haverhill

Suffolk

CB9 8BD

FIXED ASSETS

Tangible assets

2

394

926

CURRENT ASSETS

Debtors

41,830

56,419

Cash at bank

47,444

90,882

89,274

147,301

CREDITORS

Amounts falling due within one year

61,177

84,601

NET CURRENT ASSETS

28,097

62,700

TOTAL ASSETS LESS CURRENT LIABILITIES

28,491

63,626

PROVISIONS FOR LIABILITIES

80

185

NET ASSETS

28,411

63,441

CAPITAL AND RESERVES

Called up share capital

3

20

20

Profit and loss account

28,391

63,421

SHAREHOLDERS' FUNDS

28,411

63,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2014 and were signed on its behalf by:

B T Horton - Director

D S Shephard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of

VAT.

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

-

25% on reducing balance

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

6,120

Disposals

(5,418

)

At 31 March 2014

702

DEPRECIATION

At 1 April 2013

5,194

Charge for year

231

Eliminated on disposal

(5,117

)

At 31 March 2014

308

NET BOOK VALUE

At 31 March 2014

394

At 31 March 2013

926

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2,000

Ordinary

£0.01

20

20