PINEAPPLE STUD LIMITED Accounts filed on 30-06-2014

PINEAPPLE STUD LIMITED Accounts filed on 30-06-2014

PINEAPPLE STUD LIMITED - Company Information

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PINEAPPLE STUD LIMITED




Company Registration Number:
07665042 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st July 2013

End date: 30th June 2014

SUBMITTED

PINEAPPLE STUD LIMITED

Company Information
for the Period Ended 30th June 2014




Director: Malcolm James Ablett
Rachel Ablett
Registered office: 1st Floor
168 High Street
Watford
Herts
WD17 2EG
Company Registration Number: 07665042 (England and Wales)

PINEAPPLE STUD LIMITED

Directors' Report Period Ended 30th June 2014

The directors present their report with the financial statements of the company for the period ended 30th June 2014

Principal activities
The principal activity of the company in the period under review was:
was that of stud farm.

Directors
The directors shown below have held office during the whole of the period from
01st July 2013 to 30th June 2014
Malcolm James Ablett
Rachel Ablett

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 14 July 2015
And Signed On Behalf Of The Board By:

Name: Malcolm James Ablett
Status: Director

PINEAPPLE STUD LIMITED

Profit and Loss Account

for the Period Ended 30th June 2014

Notes 2014
£		 2013
£
Turnover: 51,863 0
Cost of sales: 80,000 0
Gross profit or (loss): ( 28,137 ) 0
Administrative expenses: , 80,396 118,524
Operating profit or (loss): ( 108,533 ) ( 118,524 )
Profit or (loss) on ordinary activities before taxation: ( 108,533 ) ( 118,524 )
Profit or (loss) for the financial year: ( 108,533 ) ( 118,524 )

The notes form part of these financial statements

PINEAPPLE STUD LIMITED

Statement of total recognised gains and losses
30th June 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

PINEAPPLE STUD LIMITED

Balance sheet
As at 30th June 2014

Notes 2014
£		 2013
£
Current assets
Stocks: 2 693,403 434,308
Cash at bank and in hand: 15,612 5,752
Total current assets: 709,015 440,060
Creditors: amounts falling due within one year 3 1,018,777 641,289
Net current assets (liabilities): ( 309,762 ) ( 201,229 )
Total assets less current liabilities: ( 309,762 ) ( 201,229 )
Total net assets (liabilities): ( 309,762 ) ( 201,229 )

The notes form part of these financial statements

PINEAPPLE STUD LIMITED

Balance sheet
As at 30th June 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 4 100 100
Profit and Loss account: 5 ( 309,862 ) ( 201,329 )
Total shareholders funds: ( 309,762 ) ( 201,229 )

For the year ending 30 June 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 14 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Malcolm James Ablett
Status: Director

The notes form part of these financial statements

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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).

    Turnover policy

    Turnover represents amounts invoiced, excluding value added tax, derived from the sale of horses and services to customers during the period.

    Other accounting policies

    Stocks Mares are valued at the lower of cost or net realiseable value. Foals are valued at the costs involved in bringing them to their current state at the period end and include cost, nomination fees and upkeep to the period end date. Going Concern These financial statements have been prepared on the going concern basis.

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 2. Stocks

    2014 2013
    £ £
    Finished goods and goods for resale: 693,403 434,308
    Total: 693,403 434,308

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 3. Creditors: amounts falling due within one year

    2014 2013
    £ £
    Accruals and deferred income: 7,500 5,000
    Other creditors: 1,011,277 636,289
    Total: 1,018,777 641,289

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 5. Profit and loss account

    2014 2013
    £ £
    Opening balance: ( 201,329 ) ( 82,805 )
    Profit or (loss) for the period: ( 108,533 ) ( 118,524 )
    Equity dividends paid: 0 0
    Retained profit: ( 309,862 ) ( 201,329 )

PINEAPPLE STUD LIMITED

Notes to the Financial Statements
for the Period Ended 30th June 2014

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: Malcolm James Ablett