true
Drepher Homes Limited
08884433
2015-03-31
23817
23937
120
23937
23937
23937
713495
737432
297980
236701
202751
Basis of accounting
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).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion. Reservation fees paid by customers to secure a plot are carried forward as deferred income until the sale is complete, at which point they are recognised as turnover.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Ordinary £1 Shares
1
120
120
Ordinary Shares
1
120
120
120
There were 120 ordinary £1 shares issued during the year, at par value.
2015-11-17
Mr S A Hepher
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Drepher Homes Limited
2014-04-01
2015-03-31
Drepher Homes Limited
2013-04-01
2014-03-31
Drepher Homes Limited
2013-03-31
Drepher Homes Limited
2014-03-31
Drepher Homes Limited
2014-03-31
Drepher Homes Limited
2015-03-31
2015-11-20