Abbreviated Company Accounts - XYZ VENTURES LIMITED

08279849 XYZ VENTURES LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 08279849 2014-12-01 2015-11-30 08279849 2015-11-30 08279849 2014-11-30 08279849 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 08279849 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 08279849

XYZ VENTURES LIMITED

Abbreviated Accounts

30 November 2015

XYZ VENTURES LIMITED Registered Number 08279849

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	28,078	29,299
		28,078	29,299
Current assets
Debtors		1,750	11,212
Cash at bank and in hand		1,929	1,715
		3,679	12,927
Creditors: amounts falling due within one year		(114,282)	(86,106)
Net current assets (liabilities)		(110,603)	(73,179)
Total assets less current liabilities		(82,525)	(43,880)
Total net assets (liabilities)		(82,525)	(43,880)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(82,526)	(43,881)
Shareholders' funds		(82,525)	(43,880)

For the year ending 30 November 2015 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 18 August 2016

And signed on their behalf by:
Miss Shailly Gandesha, Director

XYZ VENTURES LIMITED Registered Number 08279849

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixture and Fittings 25 years (Over lease term)

Other accounting policies
Deferred taxation

No deferred taxation is being provided because in the opinion of the director there is no tax falling due for payment in the foreseeable future.

Going concern

The company incurred a net loss of £82,525 (£43,880 for year ended 2014) for the year ended 30th November 2014. The financial statements have been prepared on a going concern basis on the assumption that the company director will continue to support the company.

2Tangible fixed assets

	£
Cost
At 1 December 2014	30,520
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	30,520
Depreciation
At 1 December 2014	1,221
Charge for the year	1,221
On disposals	-
At 30 November 2015	2,442
Net book values
At 30 November 2015	28,078
At 30 November 2014	29,299

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1