A H Developments Ltd iXBRL

Company Number: NI042984

A H Developments Ltd

Unaudited Financial Statements

for the year ended 30 April 2017

A H Developments Ltd

DIRECTOR AND OTHER INFORMATION


Director	Alastair Hayes


Company Secretary	William Hayes


Company Number	NI042984


Registered Office and Business Address	146 Pomeroy Road
	Donaghmore
	Co. Tyrone
	BT70 2TY


Accountants	CavanaghKelly
	Chartered Accountants
	36-38 Northland Row
	Dungannon
	Co. Tyrone
	BT71 6AP

A H Developments Ltd

CHARTERED ACCOUNTANTS' REPORT

to the Director on the unaudited financial statements of A H Developments Ltd for the year ended 30 April 2017

In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company for the year ended 30 April 2017 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of A H Developments Ltd, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A H Developments Ltd and state those matters that we have agreed to state to the director of A H Developments Ltd, in this report in accordance with the guidance of Chartered Accountants Ireland. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A H Developments Ltd and its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

It is your duty to ensure that A H Developments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A H Developments Ltd. You consider that A H Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A H Developments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

CAVANAGHKELLY

Chartered Accountants

36-38 Northland Row

Dungannon

Co. Tyrone

BT71 6AP

22 September 2017

A H Developments Ltd

Company Number: NI042984

STATEMENT OF FINANCIAL POSITION

as at 30 April 2017

		2017	2016
	Notes	£	£

Non-Current Assets

Property, plant and equipment

295,133

295,133

─────────

Current Assets

Inventories

325,000

150,000

Receivables

282,012

277,415

Cash and cash equivalents

11,901

1,692

─────────

618,913

429,107

─────────

Payables: Amounts falling due within one year

(49,345)

(42,330)

─────────

Net Current Assets

569,568

386,777

─────────

Total Assets less Current Liabilities

864,701

681,910

═════════

Equity

Called up share capital

Income statement

864,681

681,890

─────────

Equity attributable to owners of the company

864,701

681,910

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.

For the financial year ended 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 22 September 2017



________________________________
Alastair Hayes
Director

A H Developments Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 April 2017

GENERAL INFORMATION

A H Developments Ltd is a company limited by shares incorporated in Northern Ireland.

ACCOUNTING POLICIES

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company’s financial statements.

Statement of compliance

The financial statements of the company for the year ended 30 April 2017 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.

Basis of preparation

The financial statements have been prepared under the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets. The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Revenue

The revenue shown in the profit and loss account represents amounts recevied or receivable for goods and services provided in the normal course of business, exclusive of Value Added Tax. Turnover is recognised over the period in which rentals relate.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the profit and loss account in the year in which it is receivable.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuations use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Inventories

Inventories are valued at the lower of cost and net realisable value. Cost includes all costs in bringing each property to its present location and condition. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion or disposal.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

ADOPTION OF FRS 102 SECTION 1A

This is the first set of financial statements prepared by A H Developments Ltd in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” Section 1A (Small Entities). The company transitioned from previously extant Irish and UK GAAP to FRS 102 Section 1A as at 1 May 2015.


4.	PROPERTY, PLANT AND EQUIPMENT
		Investment	Total
		properties

		£	£
	Cost

	At 30 April 2017	295,133	295,133
		─────────	─────────
	Carrying amount
	At 30 April 2017	295,133	295,133
		═════════	═════════
	At 30 April 2016	295,133	295,133
		═════════	═════════


5.	INVENTORIES	2017	2016
		£	£

	Land bank	325,000	150,000
		═════════	═════════


6.	RECEIVABLES	2017	2016
		£	£

	Trade receivables	5,407	550
	Amounts owed by group companies	276,605	276,605
	Taxation	-	260
		─────────	─────────
		282,012	277,415
		═════════	═════════


7.	PAYABLES	2017	2016
	Amounts falling due within one year	£	£

	Amounts owed to group companies	42,521	-
	Taxation	3,485	-
	Director's current account	-	38,991
	Accruals	3,339	3,339
		─────────	─────────
		49,345	42,330
		═════════	═════════

RELATED PARTY TRANSACTIONS

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.