Oldacres Limited - Limited company - abbreviated - 11.9
Oldacres Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
for |
Oldacres Limited |
Oldacres Limited (Registered number: 08104987) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
Page |
Abbreviated Balance Sheet | 1 |
Notes to the Abbreviated Accounts | 2 |
Oldacres Limited (Registered number: 08104987) |
Abbreviated Balance Sheet |
30 June 2015 |
2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on |
Oldacres Limited (Registered number: 08104987) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | 1 |
3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the year end and included within other creditors are amounts due to the directors as follows: |
Mr B Britten, amounting to £1,574 (2014 £1,468) |
Mr J Britten, amounting to £12,287 (2014 £12,132) |
These loans are interest free and repayable on demand. |
4. | GOING CONCERN |
In determining the appropriate basis of preparation of the financial statements, the directors are required to |
consider whether the Company can continue in operational existence for at least the next 12 months. |
During the period the company made a net loss of £228 and, at the balance sheet date, the company's total |
liabilities exceeded its total assets by £13,908. |
Having made requisite enquires, the Directors are confident that the company has adequate resources to continue |
its operations for the foreseeable future. Part of the company's liabilities are monies due to Mr B Britten and Mr |
J Britten amounting to £13,861. They have confirmed that they will not call on these outstanding monies and |
will continue their support of the business. |
Following a detailed and comprehensive review of the business, the Directors have no reason or intention to |
liquidate the company or cease its trading activities over the foreseeable future. |
In conclusion, and considering the areas described above, the Directors are confident that the Company has |
adequate resources to continue in operational existence for the foreseeable future. For these reasons, the |
Directors consider it appropriate they continue to prepare the financial statements on a going concern basis. |
These financial statements do not include any adjustments that would result from the going concern basis of |
preparation being inappropriate. |