Arena Development Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03588007 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

ARENA DEVELOPMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Jaggard

M Shepherd

SECRETARY:

A Jaggard

REGISTERED OFFICE:

11 Ferens Park

Durham

DH1 1NU

REGISTERED NUMBER:

03588007 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

2

6,437

5,201

Investment property

3

309,990

316,427

315,191

CURRENT ASSETS

Debtors

367

294

Cash at bank

7,182

4,258

7,549

4,552

CREDITORS

Amounts falling due within one year

237,998

236,706

NET CURRENT LIABILITIES

(230,449

)

(232,154

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

85,978

83,037

CAPITAL AND RESERVES

Called up share capital

4

2

Revaluation reserve

72,679

Profit and loss account

13,297

10,356

SHAREHOLDERS' FUNDS

85,978

83,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 September 2016 and were signed on its behalf
by:

A Jaggard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 20% on cost and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

12,394

Additions

2,618

At 31 March 2016

15,012

DEPRECIATION

At 1 April 2015

7,193

Charge for year

1,382

At 31 March 2016

8,575

NET BOOK VALUE

At 31 March 2016

6,437

At 31 March 2015

5,201

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

309,990

NET BOOK VALUE

At 31 March 2016

309,990

At 31 March 2015

309,990

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who own 100% of the issued share capital of the company.