Oxhey Developments Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03632053 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Oxhey Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Shaw

Mr S Shaw

SECRETARY:

Mr S Shaw

REGISTERED OFFICE:

Rocks Barn Mudhurst Lane

Disley

Stockport

Cheshire

SK12 2AN

REGISTERED NUMBER:

03632053 (England and Wales)

ACCOUNTANTS:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

CURRENT ASSETS

Stocks

750,000

750,000

Cash at bank

1,548

7,807

751,548

757,807

CREDITORS

Amounts falling due within one year

4

(581,521

)

(580,835

)

NET CURRENT ASSETS

170,027

176,972

TOTAL ASSETS LESS CURRENT LIABILITIES

170,027

176,972

CREDITORS

Amounts falling due after more than one year

5

(299,000

)

(306,875

)

NET LIABILITIES

(128,973

)

(129,903

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(128,975

)

(129,905

)

SHAREHOLDERS' FUNDS

(128,973

)

(129,903

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 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 Board of Directors on 29 June 2018 and were signed on its behalf by:

Mr M Shaw - Director

1.	STATUTORY INFORMATION

Oxhey Developments 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.

These financial statements for the year ended 30 September 2017 are the first financial statements that comply

with FRS 102 Section 1A for small entities. The date of transition is 1 October 2015.

The transition to FRS 102 Section 1A for small entities has resulted in no changes to the financial statements."

Stocks/work in progress

Stock and work in progress is valued on a cost basis and related to the costs of development, to include cost of

sales items, wages of staff and loan interest directly attributable to development activities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

£

Taxation and social security

1,286

1,396

Other creditors

580,235

579,439

581,521

580,835

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.17

30.9.16

£

£

Bank loans

299,000

306,875

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

269,123

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

£

£

Bank loans

299,000

306,875

Fixed and floating charge over the undertaking and all property and assets present and future including

goodwill book debts uncalled capital buildings fixtures fixed plant and machinery.