Acredeal Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06261213 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

ACREDEAL LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B Bard

C M Bard

R Berkovits

SECRETARY:

B Bard

REGISTERED OFFICE:

Foframe House

35-37 Brent Street

London

NW4 2EF

REGISTERED NUMBER:

06261213 (England and Wales)

ACCOUNTANTS:

Melinek Fine LLP

Chartered Accountants

Foframe House

35-37 Brent Street

London

NW4 2EF

FIXED ASSETS

Investments

2

162,116

164,211

CURRENT ASSETS

Cash at bank

25,015

11,823

CREDITORS

Amounts falling due within one year

179,967

178,501

NET CURRENT LIABILITIES

(154,952

)

(166,678

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,164

(2,467

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

7,162

(2,469

)

SHAREHOLDERS' FUNDS

7,164

(2,467

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 25 February 2015 and were signed on its behalf by:

C M Bard - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2013

164,211

Additions

(2,095

)

At 31 May 2014

162,116

NET BOOK VALUE

At 31 May 2014

162,116

At 31 May 2013

164,211

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	CONTINGENCIES

The company has a joint and several liability in relation to the mortgage on the property held by the joint

venture. As at 31 May 2014 the mortgage loan stood at £308,092 (2013: £328,062).