Pharmagen Land Holdings Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03809848 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Pharmagen Land Holdings Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C R Parkin

S L Goode

SECRETARY:

S L Goode

REGISTERED OFFICE:

Ample House

76a South Park

Lincoln

LN5 8ES

REGISTERED NUMBER:

03809848 (England and Wales)

ACCOUNTANTS:

Reeve & Co

Chartered Certified Accountants

Ample House

76a South Park

Lincoln

LN5 8ES

CURRENT ASSETS

80,621

Stocks

81,251

10

Debtors

10

283

Cash at bank

366

80,914

81,627

CREDITORS

82,650

Amounts falling due within one year

83,363

(1,736

)

NET CURRENT LIABILITIES

(1,736

)

(1,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,736

)

CAPITAL AND RESERVES

100

Called up share capital

2

100

(1,836

)

Profit and loss account

(1,836

)

(1,736

)

SHAREHOLDERS' FUNDS

(1,736

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 28 September 2015 and were signed on its behalf by:

C R Parkin - 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).

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

100

Ordinary

£1

100

100

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors due within one year are amounts owed to directors of the company. At 31 July 2015

the company owed C R Parkin £81,250 (2014: £81,000). The loan is interest free with no fixed date of

repayment.