Braavos Investments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09115674 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Braavos Investments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Khalastchi

T J Smith

D Khalastchi

REGISTERED OFFICE:

20 York Place

Leeds

Yorkshire

LS1 2EX

REGISTERED NUMBER:

09115674 (England and Wales)

ACCOUNTANTS:

Fizz Accounting Limited

6a St Andrews Court

Wellington Street

Thame

Oxfordshire

OX9 3WT

FIXED ASSETS

Investment property

2

1,850,000

CURRENT ASSETS

Stocks

1,878,979

947,479

Debtors

309,175

184,277

2,188,154

1,131,756

CREDITORS

Amounts falling due within one year

1,500,430

415,875

NET CURRENT ASSETS

687,724

715,881

TOTAL ASSETS LESS CURRENT LIABILITIES

2,537,724

2,565,881

CREDITORS

Amounts falling due after more than one
year

2,425,157

2,305,781

NET ASSETS

112,567

260,100

CAPITAL AND RESERVES

Called up share capital

3

2,000

Revaluation reserve

385,495

Profit and loss account

(274,928

)

(127,395

)

SHAREHOLDERS' FUNDS

112,567

260,100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 July 2017 and were signed on its behalf by:

M R Khalastchi - 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 rents receivable, excluding value added tax.

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.

Stocks

Stocks represent development property, recognised at the lower of cost and net realisable value.

Deferred tax

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

balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 August 2015

and 31 July 2016

1,850,000

NET BOOK VALUE

At 31 July 2016

1,850,000

At 31 July 2015

1,850,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

2,000

Ordinary

£1

2,000