REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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MORTON HOMES LIMITED |
REGISTERED NUMBER:
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ABBREVIATED ACCOUNTS |
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FOR THE YEAR ENDED 31 OCTOBER 2016 |
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FOR |
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MORTON HOMES LIMITED |
MORTON HOMES LIMITED (REGISTERED NUMBER: 07087827) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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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 | 4 |
MORTON HOMES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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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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MORTON HOMES LIMITED (REGISTERED NUMBER: 07087827) |
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ABBREVIATED BALANCE SHEET |
31 OCTOBER 2016 |
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31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET LIABILITIES | ( |
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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. |
MORTON HOMES LIMITED (REGISTERED NUMBER: 07087827) |
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ABBREVIATED BALANCE SHEET - continued |
31 OCTOBER 2016 |
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The financial statements were approved by the Board of Directors on
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MORTON HOMES LIMITED (REGISTERED NUMBER: 07087827) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
As the company has continued financial support from the directors these accounts have been prepared on a going |
concern basis. |
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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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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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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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31.10.16 | 31.10.15 |
£ | £ |
Repayable otherwise than by instalments | 1,050,000 | 1,050,000 |
MORTON HOMES LIMITED (REGISTERED NUMBER: 07087827) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2016 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
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Ordinary | £1 |
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5. | ULTIMATE PARENT COMPANY |
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Ashcourt Properties Limited is the company's ultimate parent company. |