FRD Associates Limited - Limited company - abbreviated - 11.6
FRD Associates Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| FRD ASSOCIATES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE PERIOD |
| 1ST APRIL 2014 TO 30TH NOVEMBER 2014 |
| FRD ASSOCIATES LIMITED (REGISTERED NUMBER: 07827580) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1ST APRIL 2014 TO 30TH NOVEMBER 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 5 |
| Chartered Accountants' Report | 6 |
| FRD ASSOCIATES LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1ST APRIL 2014 TO 30TH NOVEMBER 2014 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| FRD ASSOCIATES LIMITED (REGISTERED NUMBER: 07827580) |
| ABBREVIATED BALANCE SHEET |
| 30TH NOVEMBER 2014 |
| 30.11.14 | 31.3.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| FRD ASSOCIATES LIMITED (REGISTERED NUMBER: 07827580) |
| ABBREVIATED BALANCE SHEET - continued |
| 30TH NOVEMBER 2014 |
| The financial statements were approved by the Board of Directors on |
| FRD ASSOCIATES LIMITED (REGISTERED NUMBER: 07827580) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE PERIOD 1ST APRIL 2014 TO 30TH NOVEMBER 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents amounts receivable for sale of property and related services net of VAT and trade discounts. |
| Turnover is recognised on completion of sale of property to the customer. |
| Tangible fixed assets |
| Computer equipment | - |
| Stocks and work in progress |
| Stocks and work in progress represent properties held for resale and are valued at the lower of cost and net |
| realisable value. Net realisable value represents estimated selling price less costs to complete and sell. Provision |
| is made where the net realisable value is less than cost. |
| Deferred tax |
| Deferred tax is recognised in respect of timing differences that have originated but not reversed at the balance |
| sheet date between the company's taxable profits and the profits per the accounts, subject to the extent that it is |
| regarded that there will be suitable taxable profits from which the future reversal of such timing differences can |
| be deducted. |
| Freehold rights |
| Property sales are made on a long leasehold basis and accordingly the company retains the reversionary interest |
| to the freehold and the right to the associated ground rents. |
| The values assigned to those rights are arrived at by professional valuation. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2014 |
| Disposals | ( |
) |
| At 30th November 2014 |
| NET BOOK VALUE |
| At 30th November 2014 |
| At 31st March 2014 |
| FRD ASSOCIATES LIMITED (REGISTERED NUMBER: 07827580) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE PERIOD 1ST APRIL 2014 TO 30TH NOVEMBER 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2014 |
| and 30th November 2014 |
| DEPRECIATION |
| At 1st April 2014 |
| Charge for period |
| At 30th November 2014 |
| NET BOOK VALUE |
| At 30th November 2014 |
| At 31st March 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.14 | 31.3.14 |
| value: | £ | £ |
| Ordinary A shares | £1 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30th November 2014 and the |
| year ended 31st March 2014: |
| 30.11.14 | 31.3.14 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of period |
| The director's loan was repaid within 9 months of the year end. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| FRD ASSOCIATES LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of FRD Associates Limited for the period ended 30th November 2014 which comprise the Profit |
| and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information |
| and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of FRD Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FRD Associates Limited and state those matters that we have agreed to state to the Board of Directors of FRD Associates Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that FRD Associates Limited 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 FRD Associates Limited. You consider that FRD Associates Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of FRD Associates Limited. 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. |
| Chartered Accountants |
| 27th July 2015 |