Company Registration No. 6358968 (England and Wales)
SHIRES DEVELOPMENTS (ENGINE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
PAGES FOR FILING WITH REGISTRAR
SHIRES DEVELOPMENTS (ENGINE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SHIRES DEVELOPMENTS (ENGINE) LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2018
28 February 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Debtors
2
1,385
1,385
Cash at bank and in hand
115
115
1,500
1,500
Net current assets
1,500
1,500
Capital and reserves
Called up share capital
3
1,500
1,500
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 28 February 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 25 October 2018 and are signed on its behalf by:
S Hall
Director
Company Registration No. 6358968
SHIRES DEVELOPMENTS (ENGINE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
- 2 -
1
Accounting policies
Company information
Shires Developments (Engine) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Stotforth Hill Farm, Windlestone, Ferryhill, Co Durham.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Cash at bank and in hand
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Short term debtors and creditors
Short term debtors and creditors with no stated interest are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.
1.4
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.
2
Debtors
2018
2017
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,385
1,385
3
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1,500 Ordinary shares of £1 each
1,500
1,500
1,500
1,500
SHIRES DEVELOPMENTS (ENGINE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2018
- 3 -
4
Parent company
The ultimate parent company at the year end was Hall Construction Services Limited, a company incorporated in England and Wales.
Hall Construction Services Limited prepares group financial statements and copies can be obtained from Stotforth Hill Farm, Windlestone, Ferryhill.