Preston Business Venture Limited - Abbreviated accounts 16.3
Preston Business Venture Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016 |
FOR |
PRESTON BUSINESS VENTURE LIMITED |
PRESTON BUSINESS VENTURE LIMITED (REGISTERED NUMBER: 01783730) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
PRESTON BUSINESS VENTURE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
PRESTON BUSINESS VENTURE LIMITED (REGISTERED NUMBER: 01783730) |
ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
31/3/16 | 31/3/15 |
£ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Income and expenditure account |
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 surplus or deficit 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 were approved by the Board of Directors on by: |
PRESTON BUSINESS VENTURE LIMITED (REGISTERED NUMBER: 01783730) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Due to changes in government policy regarding funding for business advisory agencies the directors concluded |
that the company was not a going concern. The financial statements have been prepared on a basis other than that |
of a going concern which includes, where appropriate, writing down the assets to net realisable value. Provisions |
have also been made for any onerous contractual commitments at the balance sheet date. The financial statements |
do not include any provision for future costs of terminating the business except to the extent that such were |
committed at the balance sheet date. |
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). |
Company status |
The company is limited by guarantee and has no issued share capital. The liability of its members shall not |
exceed £1 each. |
2. | COMPANY LIMITED BY GUARANTEE |
The company is limited by guarantee and has no issued share capital. The liability of its members shall not |
exceed £1 each. |
3. | GOING CONCERN |
As disclosed in the Accounting Policy Notes above, the directors do not consider the company to be a going |
concern and the financial statements have been prepared on a basis other than that of a going concern. |