Abbreviated Company Accounts - CHOICEBAY LIMITED

05089419 CHOICEBAY LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05089419 2013-04-01 2014-03-31 05089419 2014-03-31 05089419 2013-03-31 05089419 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05089419 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05089419

CHOICEBAY LIMITED

Abbreviated Accounts

31 March 2014

CHOICEBAY LIMITED Registered Number 05089419

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	658,738	656,248
		658,738	656,248
Current assets
Cash at bank and in hand		9,988	10,321
		9,988	10,321
Creditors: amounts falling due within one year		(374,158)	(372,448)
Net current assets (liabilities)		(364,170)	(362,127)
Total assets less current liabilities		294,568	294,121
Creditors: amounts falling due after more than one year		(299,100)	(299,100)
Total net assets (liabilities)		(4,532)	(4,979)
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		(4,536)	(4,983)
Shareholders' funds		(4,532)	(4,979)

For the year ending 31 March 2014 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 15 January 2015

And signed on their behalf by:
MICHAEL LISSER, Director

CHOICEBAY LIMITED Registered Number 05089419

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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.

Tangible assets depreciation policy
Fixed assets

All fixed assets are initially recorded at cost.

Other accounting policies
Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Going concern

These financial statements have been prepared on the basis of a going concern on the understanding that the necessary financial support will continue to be provided by the director.

2Tangible fixed assets

	£
Cost
At 1 April 2013	656,248
Additions	2,490
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	658,738
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	658,738
At 31 March 2013	656,248

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
4 Ordinary shares of £1 each	4	4