THREADEX_LIMITED - Accounts

THREADEX LIMITED

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2015

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The directors present their report and unaudited financial statements for the year ended 31 March 2015. The company is dormant and has not traded during the year.

Directors

The following directors have held office since 1 April 2014:

Mr M Gross

Mrs L P Gross

On behalf of the board

Mr M Gross

Director

17 December 2015

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2015

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

THREADEX LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THREADEX LIMITED FOR THE YEAR ENDED 31 MARCH 2015

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In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of Threadex Limited for the year ended 31 March 2015, set out on pages to 5 from the accounting records and information and explanations you have given to us.

This report is made solely to the Board of Directors of as a body, in accordance with the terms of our engagement letter.

It is your duty to ensure that Threadex Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Threadex Limited. You consider that Threadex Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Threadex Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lopian Gross Barnett & Co

17 December 2015

Chartered Accountants

6th Floor

Cardinal House

20 St Mary's Parsonage

Manchester

M3 2LG

THREADEX LIMITED

BALANCE SHEET

AS AT

31 MARCH 2015

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2015

2014

Notes

Fixed assets

Investments

16,287

Net current assets

Total assets less current liabilities

16,287

Capital and reserves

Called up share capital

100

Profit and loss account

16,187

Shareholders' funds

16,287

Audit exemption statement

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

Approved by the Board and authorised for issue on 17 December 2015

Mr M Gross

Director

Company Registration No. 00390322

THREADEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

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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 April 2008).

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

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.4

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed asset investments

Shares in group undertakings and participating interests

Cost

At 1 April 2014 & at 31 March 2015

16,287

Net book value

At 31 March 2015

16,287

At 31 March 2014

16,287

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

Threadex Developments Ltd

England and Wales

Ordinary

100.00

THREADEX LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

Fixed asset investments

(Continued)

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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

2015

Principal activity

Threadex Developments Ltd

Property trading and development

1,037,990

(2,815,291)

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 April 2014

16,187

Balance at 31 March 2015

16,187

Control

The company is under the control of Mr and Mrs M Gross who own 100% of the issued share capital of the company.