PADDOCK WOOD DEVELOPMENTS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08407119 (England and Wales)

Financial Statements for the Year Ended 28 February 2018

for

PADDOCK WOOD DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Dubois

M J Morris

REGISTERED OFFICE:

Annecy Court

Ferry Works

Summer Road

Thames Ditton

Surrey

KT7 0QJ

REGISTERED NUMBER:

08407119 (England and Wales)

ACCOUNTANTS:

BDA Associates Limited

Chartered Accountants

Annecy Court

Ferry Works

Summer Road

Thames Ditton

Surrey

KT7 0QJ

CURRENT ASSETS

Stocks

255,656

241,706

Cash at bank

643

270

256,299

241,976

CREDITORS

Amounts falling due within one year

3

408,550

394,227

NET CURRENT LIABILITIES

(152,251

)

(152,251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(152,251

)

(152,251

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(152,451

)

(152,451

)

SHAREHOLDERS' FUNDS

(152,251

)

(152,251

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 16 July 2018 and were signed on its behalf by:

J Dubois - Director

1.	STATUTORY INFORMATION

PADDOCK WOOD DEVELOPMENTS LTD 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 - going concern

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.

The company is dependent upon its Directors and principal creditor for support and they have confirmed that

they will not be recalling their loan accounts as the Company is able to service its debts.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Loans

224,025

217,653

Directors' current accounts

184,225

176,275

Accrued expenses

300

299

408,550

394,227