THREADEX_DEVELOPMENTS_LIM - Accounts
THREADEX_DEVELOPMENTS_LIM - Accounts
Company Registration No. 00518599 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(4,389,550 )
(4,484,030 )
Net current assets
Total assets less current liabilities
Capital and reserves
Called up share capital
3
Profit and loss account
Shareholders' funds
Directors' responsibilities:
-
-
Approved by the Board for issue on 17 December 2015
Director
Company Registration No. 00518599
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
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
Turnover
The turnover has been derived from its principal activities wholly undertaken in the United Kingdom.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Revenue recognition
Property revenue consists of gross rental income on an accruals basis, excluding sales of investment properties. Rental income receivable in the period from lease commencement to the earlier of lease expiry and any tenant option to break is spread evenly over that period. Any incentive for lessees to enter into a lease agreement and any costs associated with entering into the lease are spread over the same period.
Revenue in respect of investment and other income represents investment income, fees and commissions earned on an accruals basis and profits or losses recognised on investments held for the short-term. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate.
Revenue in respect of investment and other income represents investment income, fees and commissions earned on an accruals basis and profits or losses recognised on investments held for the short-term. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate.
1.7
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.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Investments
£
Cost
At 1 April 2014 & at 31 March 2015
13
At 31 March 2014
13
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
Ordinary
Ordinary
Ordinary
Ordinary
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
£
£
(514,189)
(763,273)
(1,079,124)
-
(33,370)
(11,466)
(1,767,665)
65,045
Investments are directly held except Farewell Henry Limited which is a subsidiary of Okeover LLP. The company holds a 50% interest in Okeover LLP. As at 31 March 2015 the members' capital for Okeover LLP was £20.
The capital and reserves figures with the profit/(loss) figures for 2015 are based on draft accounts for each of the investments shown above.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
4
Ultimate parent company
The ultimate parent company is Threadex Limited, a company registered in England and Wales.