MESSENGER_GROUP_LIMITED - Accounts

MESSENGER GROUP LIMITED - Company Information

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Company Registration No. 01352476 (England and Wales)

MESSENGER GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

MESSENGER GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MESSENGER GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

426

Investments

428

Current assets

Stocks

18,580

Debtors

3,000

21,580

Creditors: amounts falling due within one year

(385,794)

(379,522)

Net current liabilities

(364,214)

(357,942)

Total assets less current liabilities

(364,210)

(357,514)

Capital and reserves

Called up share capital

189,574

Other reserves

9,966

Profit and loss account

(563,750)

(557,054)

Shareholders' funds

(364,210)

(357,514)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 January 2017

Mr S J Shah

Director

Company Registration No. 01352476

MESSENGER GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The group companies meet their day to day working capital requirements through facilities provided by its bankers which are repayable on demand and funds made available by the company shareholders. On the basis of financial information prepared, the director consider that the company and group will continue to operate within the facilities currently agreed. Inherently there can be no certainty in relation to these matters. On this basis, the director consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the facilities by the company's bankers.

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

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures and fittings

20% reducing balance

Computer equipment

15% reducing balance

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

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when timing differences reverse, based on current tax rates and laws.

MESSENGER GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 May 2015 & at 30 April 2016

326,993

4,300,002

4,626,995

Depreciation

At 1 May 2015

326,567

4,300,000

4,626,567

Charge for the year

424

At 30 April 2016

326,991

4,300,000

4,626,991

Net book value

At 30 April 2016

At 30 April 2015

426

428

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

Messenger Leisure Limited

England & Wales

Ord/Pref

100.00

The Wiltshire Leisure Village Limited

England & Wales

Ordinary

100.00

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

2016

Principal activity

Messenger Leisure Limited

Leisure activities

(8,708)

12,308

The Wiltshire Leisure Village Limited

Sale and rental of holiday homes

930,734

93,120

Share capital

2016

2015

Allotted, called up and fully paid

1,496,660 A Ordinary shares of 10p each

149,666

399,080 B Ordinary shares of 10p each

39,908

189,574