Abbreviated Company Accounts - TOWER HILL EQUESTRIAN LIMITED

Abbreviated Company Accounts - TOWER HILL EQUESTRIAN LIMITED

TOWER HILL EQUESTRIAN LIMITED - Company Information

Print Friendly Version

Registered Number 08243260

TOWER HILL EQUESTRIAN LIMITED

Abbreviated Accounts

30 June 2016

TOWER HILL EQUESTRIAN LIMITED Registered Number 08243260

Abbreviated Balance Sheet as at 30 June 2016

Notes 30/06/2016 31/10/2015
£ £
Fixed assets
Tangible assets 2 39,458 40,436
39,458 40,436
Current assets
Stocks 137,189 51,697
Debtors 3,106 -
Cash at bank and in hand 2,968 -
143,263 51,697
Creditors: amounts falling due within one year (6,971) (4,559)
Net current assets (liabilities) 136,292 47,138
Total assets less current liabilities 175,750 87,574
Creditors: amounts falling due after more than one year (373,554) (194,866)
Accruals and deferred income (5,200) (8,650)
Total net assets (liabilities) (203,004) (115,942)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (203,104) (116,042)
Shareholders' funds (203,004) (115,942)
  • For the year ending 30 June 2016 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 28 March 2017

And signed on their behalf by:
S O'Neill on behalf of Little Bear's Daycare Group Limited, Director

TOWER HILL EQUESTRIAN LIMITED Registered Number 08243260

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 total invoice value, excluding value added tax, of sales made during the period and derives from the provision of services falling within the company’s ordinary activities.

Tangible assets depreciation policy
Fixed assets are shown at cost less depreciation. Depreciation is provided at the following annual rates in order to write off the cost less residual value of each asset over its expected useful life.

Short leasehold property - 12 years straight line
Plant and machinery - 25% straight line
Fixtures, fittings and equipment - 25% straight line

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Going concern
The directors and shareholders have stated that they will continue to support the company until such time as the company is in a position to support itself.

2Tangible fixed assets
£
Cost
At 1 November 2015 74,588
Additions 9,838
Disposals -
Revaluations -
Transfers -
At 30 June 2016 84,426
Depreciation
At 1 November 2015 34,152
Charge for the year 10,816
On disposals -
At 30 June 2016 44,968
Net book values
At 30 June 2016 39,458
At 31 October 2015 40,436

Included in Plant and Machinery are assets held under hire purchase contracts. The net book value of these assets amounted to £Nil (2015: £5,277).

3Called Up Share Capital
Allotted, called up and fully paid:
30/06/2016
£		 31/10/2015
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: A Patel
Description of the transaction: Loan owed by the Company to Mr A Patel
Balance at 1 November 2015: £ 88,361
Advances or credits made: £ 4,800
Advances or credits repaid: £ 166
Balance at 30 June 2016: £ 92,995