Registration number:
Freemantle Developments (Homefield) Limited
for the Year Ended 31 March 2018
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT
Freemantle Developments (Homefield) Limited
Contents
Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Financial Statements |
Freemantle Developments (Homefield) Limited
Company Information
Director |
Mr N J Warfield |
Registered office |
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Accountants |
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Page 1 |
Freemantle Developments (Homefield) Limited
Director's Report for the Year Ended 31 March 2018
The director presents his report and the financial statements for the year ended 31 March 2018.
Director of the company
The director who held office during the year was as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the
.........................................
Mr N J Warfield
Director
Page 2 |
Freemantle Developments (Homefield) Limited
(Registration number: 10108836)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr N J Warfield
Director
Page 3 |
Freemantle Developments (Homefield) Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Financial instruments
Classification
Stocks |
2018 |
2017 |
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Work in progress |
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Debtors |
2018 |
2017 |
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Other debtors |
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Page 4 |
Freemantle Developments (Homefield) Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
2017 |
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Due within one year |
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Trade creditors |
- |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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- |
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Accruals and deferred income |
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Other creditors |
- |
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Related party transactions |
Loans from related parties
2018 |
Parent |
Advanced |
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Terms of loans from related parties
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
Page 5 |