A & M Home Parks Limited - Period Ending 2016-07-31

A & M Home Parks Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2016

C V Ross & Co Limited
Accountants and Tax Consultants
Unit 1, Office 1
Tower Lane Business Park
Tower Lane
Warmley
Bristol
BS30 8XT

A & M Home Parks Limited
(Registration number: 05884794)
Abbreviated Balance Sheet at 31 July 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		868,966	869,155
Current assets
Debtors		807	1,747
Cash at bank and in hand		967	9,735
		1,774	11,482
Creditors: Amounts falling due within one year		(152,636)	(149,397)
Net current liabilities		(150,862)	(137,915)
Total assets less current liabilities		718,104	731,240
Creditors: Amounts falling due after more than one year		(572,499)	(625,779)
Provisions for liabilities		(12,878)	(12,027)
Net assets		132,727	93,434
Capital and reserves
Called up share capital		100	100
Profit and loss account		132,627	93,334
Shareholders' funds		132,727	93,434

The notes on pages 3 to 4 form an integral part of these financial statements.
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A & M Home Parks Limited
(Registration number: 05884794)
Abbreviated Balance Sheet at 31 July 2016
......... continued

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 28 April 2017

.........................................
Mr B A Francis
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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A & M Home Parks Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Investment properties	Not provided
Fixtures and fittings	25% reducing balance

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE effective April 2008 as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment, and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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A & M Home Parks Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2016
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2015	870,796	870,796
At 31 July 2016	870,796	870,796
Depreciation
At 1 August 2015	1,641	1,641
Charge for the year	189	189
At 31 July 2016	1,830	1,830
Net book value
At 31 July 2016	868,966	868,966
At 31 July 2015	869,155	869,155

Control

The company is controlled by Ben's Tiles and Reclamations Limited.

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