Nirvana Homes Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03543428 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2015

FOR

NIRVANA HOMES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J G Patel

Mrs A J Patel

SECRETARY:

J G Patel

REGISTERED OFFICE:

278 Northfield Avenue

Ealing

London

W5 4UB

REGISTERED NUMBER:

03543428 (England and Wales)

ACCOUNTANTS:

Levy + Partners Limited

Chartered Accountants

7-8 Ritz Parade

Western Avenue

London

W5 3RA

CURRENT ASSETS

Debtors

909,800

759,186

Investments

-

162,631

Cash at bank

13,801

1,201

923,601

923,018

CREDITORS

Amounts falling due within one year

6,220

20,110

NET CURRENT ASSETS

917,381

902,908

TOTAL ASSETS LESS CURRENT
LIABILITIES

917,381

902,908

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

917,281

902,808

SHAREHOLDERS' FUNDS

917,381

902,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 15th January 2016 and were signed on its behalf
by:

J G Patel - 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).

Turnover & revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax. The revenue is recognised for the

services as the services are performed.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Deferred tax

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

sheet date.

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going

concern, which the directors consider appropriate having regard to the circumstances.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.15

30.4.14

value:

£

100

ORDINARY

£1

100

3.	RELATED PARTY DISCLOSURES

(a) Transaction with related undertaking.

Other debtors includes a transaction with related undertaking is £909,800 (2014 - £757,500) . The related undertaking was Nirvana Properties Ltd, which is controlled by Mr J G Patel, a director and shareholder of this company is also a director and shareholder of Nirvana Properties Ltd.

4.	ULTIMATE CONTROLLING PARTY

Mr J G Patel, a director, together with members of his close family, control the company by virtue of a
controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.

Nirvana Homes Ltd - Limited company - abbreviated - 11.9

Nirvana Homes Ltd - Limited company - abbreviated - 11.9