THREADEX_LIMITED - Accounts


Company Registration No. 00390322 (England and Wales)
THREADEX LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
THREADEX LIMITED
COMPANY INFORMATION
Directors
Mr M Gross
Mrs L P Gross
Company number
00390322
Registered office
6th Floor
Cardinal House
20 St Mary's Parsonage
Manchester
M3 2LG
Accountants
Lopian Gross Barnett & Co
6th Floor
Cardinal House
20 St Mary's Parsonage
Manchester
M3 2LG
THREADEX LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 5
THREADEX LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2015
- 1 -
The directors present their report and unaudited financial statements for the year ended 31 March 2015. The company is dormant and has not traded during the year.
Directors
The following directors have held office since 1 April 2014:
Mr M Gross
Mrs L P Gross
On behalf of the board
Mr M Gross
Director
17 December 2015
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2015
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
THREADEX LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THREADEX LIMITED FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Threadex Limited for the year ended 31 March 2015, set out on pages  to 5 from the accounting records and information and explanations you have given to us.
This report is made solely to the Board of Directors of as a body, in accordance with the terms of our engagement letter.
It is your duty to ensure that Threadex 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 loss of Threadex Limited. You consider that Threadex Limited 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 Threadex 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.
Lopian Gross Barnett & Co
17 December 2015
Chartered Accountants
6th Floor
Cardinal House
20 St Mary's Parsonage
Manchester
M3 2LG
THREADEX LIMITED
BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 3 -
2015
2014
Notes
£
£
Fixed assets
Investments
2
16,287
16,287
Net current assets
-
-
Total assets less current liabilities
16,287
16,287
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
4
16,187
16,187
Shareholders'  funds
16,287
16,287
Audit exemption statement
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
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;
-
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 17 December 2015
Mr M Gross
Director
Company Registration No. 00390322
THREADEX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
1.5
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.
2
Fixed asset investments
Shares in group undertakings and participating interests
£
Cost
At 1 April 2014 & at 31 March 2015
16,287
Net book value
At 31 March 2015
16,287
At 31 March 2014
16,287
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Threadex Developments Ltd
England and Wales
Ordinary
100.00
THREADEX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
2
Fixed asset investments
(Continued)
- 5 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Threadex Developments Ltd
Property trading and development
1,037,990
(2,815,291)
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100Ordinary shares of £1 each
100
100
4
Statement of movements on profit and loss account
Profit
and loss
account
£
Balance at 1 April 2014
16,187
Balance at 31 March 2015
16,187
5
Control
The company is under the control of Mr and Mrs M Gross who own 100% of the issued share capital of the company.
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