Clandon House Limited - Limited company accounts 16.3

REGISTERED NUMBER: 04658042 (England and Wales)

Report of the Director and

Unaudited Financial Statements

for the Year Ended 29 February 2016

for

Clandon House Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

H A Kazemi

SECRETARY:

Mrs M Avazehtalab

REGISTERED OFFICE:

Hitherbury House

97 Portsmouth Road

Guildford

Surrey

GU2 4YF

REGISTERED NUMBER:

04658042 (England and Wales)

ACCOUNTANTS:

AJ Bennewith & Company

3 Wey Court

Mary Road

Guildford

Surrey

GU1 4QU

The director presents his report with the financial statements of the company for the year ended 29 February 2016.

DIRECTOR

H A Kazemi held office during the whole of the period from 1 March 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

H A Kazemi - Director

28 November 2016

TURNOVER

29,975

-

Administrative expenses

51,448

101,423

(21,473

)

(101,423

)

Other operating income

7,184

8,700

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(14,289

)

(92,723

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(14,289

)

(92,723

)

FIXED ASSETS

Tangible assets

4

154,339

154,438

CURRENT ASSETS

Debtors

5

1,942

3,788

Cash at bank

9,763

34,729

11,705

38,517

CREDITORS

Amounts falling due within one year

6

137,943

143,588

NET CURRENT LIABILITIES

(126,238

)

(105,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

28,101

49,367

CREDITORS

Amounts falling due after more than one year

7

322,389

329,366

NET LIABILITIES

(294,288

)

(279,999

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Profit and loss account

9

(294,289

)

(280,000

)

SHAREHOLDERS' FUNDS

(294,288

)

(279,999

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 28 November 2016 and were signed by:

H A Kazemi - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

29.2.16

28.2.15

£

£

Depreciation - owned assets

99

92

Foreign exchange differences

446

839

Director's remuneration and other benefits etc

36,667

40,000

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 29 February 2016 nor for the

year ended 28 February 2015.

4.	TANGIBLE FIXED ASSETS

Freehold

Office

Computer

property

equipment

equipment

Totals

£

£

£

£

COST

At 1 March 2015

and 29 February 2016

154,161

300

5,951

160,412

DEPRECIATION

At 1 March 2015

-

290

5,684

5,974

Charge for year

-

10

89

99

At 29 February 2016

-

300

5,773

6,073

NET BOOK VALUE

At 29 February 2016

154,161

-

178

154,339

At 28 February 2015

154,161

10

267

154,438

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.16

28.2.15

£

£

Other debtors

1,942

3,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.2.16

28.2.15

£

£

Trade creditors

57,025

60,625

Taxation and social security

651

1,033

Other creditors

80,267

81,930

137,943

143,588

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.2.16

28.2.15

£

£

Other creditors

322,389

329,366

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Profit

and loss

account

£

At 1 March 2015

(280,000

)

Deficit for the year

(14,289

)

At 29 February 2016

(294,289

)

10.	RELATED PARTY DISCLOSURES