Annabelle Enterprises Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00978868 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Annabelle Enterprises Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bacal

R S Bacal

Z Bacal

SECRETARY:

Z Bacal

REGISTERED OFFICE:

4 Perrins Lane

London

NW3 1QY

REGISTERED NUMBER:

00978868 (England and Wales)

ACCOUNTANTS:

Tuchbands Ltd

Chartered Accountants

925 Finchley Road

London

NW11 7PE

FIXED ASSETS

Tangible assets

4

1

928

Investments

5

387,500

1,012,000

387,501

1,012,928

CURRENT ASSETS

Debtors

909,895

616,683

Cash at bank

346,792

376,764

1,256,687

993,447

CREDITORS

Amounts falling due within one year

1,237,372

987,698

NET CURRENT ASSETS

19,315

5,749

TOTAL ASSETS LESS CURRENT LIABILITIES

406,816

1,018,677

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

-

624,500

Retained earnings

406,716

394,077

SHAREHOLDERS' FUNDS

406,816

1,018,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 March 2018 and were signed on its behalf by:

R S Bacal - Director

1.	STATUTORY INFORMATION

Annabelle Enterprises Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with

FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date

of transition to FRS 102 Section 1A is 1 July 2015.

Preparation of consolidated financial statements

The financial statements contain information about Annabelle Enterprises Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents the amounts receivable for services supplied by the company.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Fixed asset investments

Fixed asset investments are stated at cost less provision for permanent diminution in value. Previously they were

stated at valuation as at 30 June 1995. This marks a departure from the previous policy and is intended to

comply with Financial Reporting Standard 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

8,051

Disposals

(5,206

)

At 30 June 2017

2,845

DEPRECIATION

At 1 July 2016

7,123

Charge for year

1

Eliminated on disposal

(4,280

)

At 30 June 2017

2,844

NET BOOK VALUE

At 30 June 2017

1

At 30 June 2016

928

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 July 2016

1,012,000

Revaluations

(624,500

)

At 30 June 2017

387,500

NET BOOK VALUE

At 30 June 2017

387,500

At 30 June 2016

1,012,000

Cost or valuation at 30 June 2017 is represented by:

Totals

£

Cost

387,500

If fixed asset investments had not been revalued they would have been included at the following historical cost:

30.6.17

30.6.16

£

£

Cost

387,500

387,500

6.

RESERVES

Revaluation

reserve

£

At 1 July 2016

624,500

Revaluation

(624,500

)

At 30 June 2017

-

7.	RELATED PARTY DISCLOSURES

Included in debtors is an amount of £5,188 (2016 : £5,188), owed by Freshstream Limited, a connected

company in which R S Bacal (director) has an interest.

Included in creditors are amounts owed by the company of £372,289 (2016 : £436,559) and £24,744 (2016 :

£24,744) to Proudland Limited and Tradecorp Limited respectively. R S Bacal, a director of the company, is

also director and shareholder of these companies.