L'Arche Developments (Yorkshire) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08145594 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

L'ARCHE DEVELOPMENTS (YORKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms E L Hanks

Ms C E Parker-Hugill

SECRETARY:

Ms C E Parker-Hugill

REGISTERED OFFICE:

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

West Yorkshire

LS6 1PF

REGISTERED NUMBER:

08145594 (England and Wales)

ACCOUNTANTS:

Bartfields (UK) Limited

Chartered Accountants

4th Floor, Stockdale House

Headingley Office Park

8 Victoria Road

Leeds

LS6 1PF

CURRENT ASSETS

Stocks

54,365

819,626

Debtors

5

16,560

50,163

Cash at bank

22,081

3,776

93,006

873,565

CREDITORS

Amounts falling due within one year

6

42,924

829,649

NET CURRENT ASSETS

50,082

43,916

TOTAL ASSETS LESS CURRENT
LIABILITIES

50,082

43,916

CAPITAL AND RESERVES

Called up share capital

35,100

Retained earnings

14,982

8,816

SHAREHOLDERS' FUNDS

50,082

43,916

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 December 2017 and were signed on its behalf
by:

Ms C E Parker-Hugill - Director

1.	STATUTORY INFORMATION

L'Arche Developments (Yorkshire) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The principal activity during the year was that of property development and architectural and interior design.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of properties and works carried out, net of amounts invoiced in advance

and excluding value added tax, and the value of work carried out to date where the right to consideration is

reasonably certain.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

1,911

DEPRECIATION

At 1 April 2016

and 31 March 2017

1,911

NET BOOK VALUE

At 31 March 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

14,171

21,070

Other debtors

2,389

29,093

16,560

50,163

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

12,218

161,965

Taxation and social security

6,493

5,531

Other creditors

24,213

662,153

42,924

829,649

7.	RELATED PARTY DISCLOSURES

Included in other creditors are balances owing to the directors totalling £24,213 (2016: £632,374).

8.	FIRST YEAR ADOPTION

For all periods up to and including the year ended 31 March 2016, the company prepared its financial statements

in accordance with previously extant United Kingdom generally accepted accounting practice (UK GAAP).

These financial statements, for the year ended 31 March 2017, are the first the company has prepared in

accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Accordingly, the company has prepared individual financial statements which comply with FRS102 - The

Financial Reporting Standard applicable in the UK and Republic of Ireland applicable for periods beginning on

or after 1 January 2015 and the significant accounting policies meeting those requirements are described in the

relevant notes.

There are no adjustments to the carrying value of assets and liabilities on first adoption of FRS102.