REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JULY 2015 |
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FOR |
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HENCAN (SOUTHERN) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 JULY 2015 |
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FOR |
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HENCAN (SOUTHERN) LIMITED |
HENCAN (SOUTHERN) LIMITED (REGISTERED NUMBER: 03605592) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 July 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
HENCAN (SOUTHERN) LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 July 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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HENCAN (SOUTHERN) LIMITED (REGISTERED NUMBER: 03605592) |
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ABBREVIATED BALANCE SHEET |
31 July 2015 |
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31.7.15 | 31.7.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments | ( |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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
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(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. |
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The financial statements were approved by the director on
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HENCAN (SOUTHERN) LIMITED (REGISTERED NUMBER: 03605592) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 July 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the going concern basis as, in common with most other house |
builders, the company requires short term finance to develop its sites and is dependent upon the sale of its properties to |
meet its financial obligations as and when they fall due. |
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Based on prudent estimates of future sales revenues the director has a reasonable expectation that the company has |
adequate resources in operational existence and meet its liabilities as they fall due for the foreseeable future. |
Accordingly going concern basis continues to be adopted in preparing the financial statements. |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of |
the lease. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
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Additions |
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At 31 July 2015 |
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DEPRECIATION |
At 1 August 2014 |
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Charge for year |
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At 31 July 2015 |
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NET BOOK VALUE |
At 31 July 2015 |
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At 31 July 2014 |
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HENCAN (SOUTHERN) LIMITED (REGISTERED NUMBER: 03605592) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 July 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.15 | 31.7.14 |
value: | £ | £ |
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Ordinary | £1 |
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5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The director has provided funding to the company to meet its working capital requirements. The loan is interest free, has |
no fixed repayment date and no repayment schedule. At the balance sheet date the amount due to the director was |
£280,046 (2014: £473,765). |
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The director has personally guaranteed various borrowings of the company. At the balance sheet date loans totalling |
£2,950,000 were guaranteed by the director. |
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6. | JOINT VENTURES |
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The company was involved in a joint venture being undertaken in the nominee company Trenac Country Homes |
Limited. During the year 50% of the joint venture was controlled by the company. The interest in the joint venture has |
been accounted for using the gross equity method. |