REGISTERED NUMBER:
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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REGISTERED NUMBER:
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED |
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 December 2015 |
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
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Chartered Accountants' Report | 6 |
TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED |
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Company Information |
for the Year Ended 31 December 2015 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583) |
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Abbreviated Balance Sheet |
31 December 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
4 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583) |
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Abbreviated Balance Sheet - continued |
31 December 2015 |
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The financial statements were approved by the director on
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention, as modified by the |
revaluation of investment property, and in accordance with Financial Reporting Standard for Smaller Entities |
(effective January 2015). The financial statements have been prepared on the going concern basis which |
assumes that the company will continue in operational existence for the foreseeable future, the validity of |
which depends on the continued support of the company's shareholders and bankers. |
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Turnover |
In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover |
is recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment property |
The investment property is stated at open market value. Any surpluses or deficits arising are taken directly to |
the revaluation reserve unless a deficit is expected to be permanent, in which case it is charged to the profit |
and loss account for the year. |
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No depreciation is provided in respect of investment property . This gives rise to a departure from the |
Companies Act 2006 which requires all assets with a limited useful economic life to be depreciated. As the |
property is held for investment potential rather than consumption the director considers that systematic |
annual depreciation would be inappropriate and the accounting policy adopted is therefore required for the |
financial statements to give a true and fair view. The amount of depreciation which would otherwise have |
been shown cannot be quantified as it is one of many factors taken into account when valuing the property |
annually. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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TONY SNAREY DEVELOPMENTS AND |
CONSTRUCTION LIMITED (REGISTERED NUMBER: 02732583) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
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3. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 January 2015 |
and 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The investment property was valued on an open market value basis on 31 December 2015 by the director. |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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6. | GOING CONCERN |
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The company's net profit after taxation was £35,243 during the year (2014 - £12,716). |
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At the balance sheet date the company had net current liabilities of £68,127 (2014 - £64,162) and net liabilities |
of £145,759 (2014 - £181,002). |
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The company meets its day to day working capital requirements from bank facilities and loans from the |
director. The director has no reason to believe that the bank will not continue to support the company for the |
foreseeable future. The director will continue to provide additional support to the company as required and is |
confident that the company will continue to be profitable. |
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For the above reasons, the director believes it is appropriate to prepare the financial statements on the going |
concern basis. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Tony Snarey Developments and |
Construction Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have |
been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Tony Snarey Developments and Construction Limited for the year ended 31 December 2015 |
which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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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 icaew.com/membershandbook. |
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This report is made solely to the director of Tony Snarey Developments and Construction Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tony Snarey Developments and Construction Limited and state those matters that we have agreed to state to the director of Tony Snarey Developments and Construction Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Tony Snarey Developments and Construction Limited 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 Tony Snarey Developments and Construction Limited. You consider that Tony Snarey Developments and Construction Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Tony Snarey Developments and Construction Limited. 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. |
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29 September 2016 |