REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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FOR |
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FERNDALE DEVELOPERS (CORNWALL) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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FOR |
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FERNDALE DEVELOPERS (CORNWALL) LIMITED |
FERNDALE DEVELOPERS (CORNWALL) LIMITED (REGISTERED NUMBER: 06380144) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 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 |
FERNDALE DEVELOPERS (CORNWALL) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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FERNDALE DEVELOPERS (CORNWALL) LIMITED (REGISTERED NUMBER: 06380144) |
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ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2015 |
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30.9.15 | 30.9.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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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 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. |
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The financial statements were approved by the Board of Directors on
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FERNDALE DEVELOPERS (CORNWALL) LIMITED (REGISTERED NUMBER: 06380144) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 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 and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents the sale of completed property units net of value added tax, and from other construction |
services. |
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Tangible fixed assets |
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Plant and machinery | - |
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Stocks |
Stock and work in progress are valued at the lower of cost and net realisable value. Cost is determined upon |
expenditure incurred on the development properties. Net realisable value represents estimated selling price less |
costs to complete and sell. |
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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 October 2014 |
and 30 September 2015 |
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DEPRECIATION |
At 1 October 2014 |
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Charge for year |
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At 30 September 2015 |
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NET BOOK VALUE |
At 30 September 2015 |
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At 30 September 2014 |
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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 | 30.9.15 | 30.9.14 |
value: | £ | £ |
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Ordinary | £1 |
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FERNDALE DEVELOPERS (CORNWALL) LIMITED (REGISTERED NUMBER: 06380144) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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5. | GOING CONCERN AND LIQUIDITY |
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Although the company has a defiency of assets at the Balance Sheet date, the most significant creditor (Note 7) is |
the directors current account. Whilst this amount is effectively repayable on demand, the directors are fully |
aware of the shortfall in the company's net assets, and has given assurances that the loan owing to them |
personally will not be called upon to the extent that the company does not have sufficient working capital. On |
that basis, the directors have concluded that there is no material uncertainty which casts any significant doubt |
upon the company's ability to continue as a going concern. As a result, the going concern basis of accounting has |
been adopted and is considered appropriate. |