Registered Number 03465815

CATHEDRAL HOMES (U.K.) LIMITED

Abbreviated Accounts

30 June 2016

CATHEDRAL HOMES (U.K.) LIMITED Registered Number 03465815

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - -
Investments 3 336 336
336 336
Current assets
Stocks 10,405 9,667
Debtors 2,754,038 2,768,554
2,764,443 2,778,221
Creditors: amounts falling due within one year (4,091,288) (4,076,260)
Net current assets (liabilities) (1,326,845) (1,298,039)
Total assets less current liabilities (1,326,509) (1,297,703)
Total net assets (liabilities) (1,326,509) (1,297,703)
Capital and reserves
Called up share capital 4 202 202
Share premium account 15,729 15,729
Profit and loss account (1,342,440) (1,313,634)
Shareholders' funds (1,326,509) (1,297,703)
  • For the year ending 30 June 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 directors acknowledge their 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 Board on 30 June 2017

And signed on their behalf by:
R Lomas, Director

CATHEDRAL HOMES (U.K.) LIMITED Registered Number 03465815

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company is the parent undertaking of a small group and as such is not required by the
Companies Act 2006 to prepare group accounts. These financial statements therefore present
information about the company as an individual undertaking and not about its group.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:

Motor vehicles - 25% straight line
Fixtures & fittings - 33.3% straight line

Other accounting policies
Going concern

The company made a loss of £28,806 (2015: £115,622) and had net liabilities of £1,326,509 (2015:
£1,297,703). Included in other debtors is an amount of £2,355,328 owed from Mountbatten Limited, a company that is in dispute with a third party. However, the directors of Mountbatten Limited consider that the dispute will be resolved in favour of the company. Cathedral Homes (UK)
Limited also continues to be supported by its creditors. As a result, the directors consider it
appropriate to prepare the accounts on a going concern basis.


Cash flow

The financial statements do not include a Cash flow statement because the company, as a small
reporting entity, is exempt from the requirement to prepare such a statement under the Financial
Reporting Standard for Smaller Entities (effective January 2015).


Investments

Investments held as fixed assets are shown at cost less provision for impairment.


Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and
their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance
leases are those where substantially all of the benefits and risks of ownership are assumed by the
company. Obligations under such agreements are included in creditors net of the finance charge
allocated to future periods. The finance element of the rental payment is charged to the Profit and
loss account so as to produce a constant periodic rate of charge on the net obligation outstanding
in each period.


Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis
over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a
straight line basis over the period until the date the rent is expected to be adjusted to the prevailing
market rate.


Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making
due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an
appropriate proportion of fixed and variable overheads.


Long term contracts

Profit on long-term contracts is taken as the work is carried out if the final outcome can be
assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect
the proportion of the work carried out at the year end, by recording turnover and related costs as
contract activity progresses. Turnover is calculated as that proportion of total contract value which
costs incurred to date bear to total expected costs for that contract. Revenues derived from
variations on contracts are recognised only when they have been accepted by the customer. Full
provision is made for losses on all contracts in the year in which they are first foreseen.

2 Tangible fixed assets
£
Cost
At 1 July 2015 78,121
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 78,121
Depreciation
At 1 July 2015 78,121
Charge for the year -
On disposals -
At 30 June 2016 78,121
Net book values
At 30 June 2016 0
At 30 June 2015 0

3Fixed assets Investments
Cost or valuation
At 1 July 2015 and 30 June 2016 336

Net book value
At 30 June 2016 336
At 30 June 2015 336

Subsidiary undertakings

The following were subsidiary undertakings of the company:

The company owns 100% of the issued £1 share capital of Cathedral Homes (Beaconsfield) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of (£2,127).

The company owns 100% of the issued £1 share capital of Cathedral Homes (Chiltern) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of (£233,949).

The company owns 100% of the issued £1 share capital of Cathedral Homes (Cotswold) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of (£488,606).

The company owns 100% of the issued £1 share capital of Cathedral Homes (North London) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of £119.

The company owns 100% of the issued £1 share capital of Cathedral Homes (South Bucks) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of (£118).

The company owns 100% of the issued £1 share capital of Cathedral Homes (Southern) Limited. The subsidiary's profit for the year was £Nil, and the subsidiary has aggregate share capital and reserves of £101.

4 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
182 A Ordinary shares of £1 each 182 182
20 B Ordinary shares of £1 each 20 20

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