MATTERHORN_CAPITAL_BRISTO - Accounts

PJAC (BRISTOL) LIMITED - Company Information

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Company Registration No. 5665535 (England and Wales)

MATTERHORN CAPITAL BRISTOL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

MATTERHORN CAPITAL BRISTOL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MATTERHORN CAPITAL BRISTOL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

2,000,000

990,755

Debtors

24,114

13,934

Cash at bank and in hand

5,000

2,029,114

1,004,689

Creditors: amounts falling due within one year

(2,540,706)

(1,973,721)

Total assets less current liabilities

(511,592)

(969,032)

Capital and reserves

Called up share capital

100

Profit and loss account

(511,692)

(969,132)

Shareholders' funds

(511,592)

(969,032)

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 February 2016

Mr Simon Conway

Director

Company Registration No. 5665535

MATTERHORN CAPITAL BRISTOL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Going concern

The financial statements have been prepared on a going concern basis even though at the Balance Sheet date the Company's liabilities exceeded its assets by £511,592.

The Directors consider the going concern basis to be appropriate because, in their opinion, the Company will continue to obtain sufficient funding to enable it to pay its debts as they fall due. If the Company were unable to obtain this funding, it would be unable to continue trading and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise.

1.3

Stock

Stock of properties is valued at the lower of cost and net realisable value.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £1,000,000 (2014 - £1,134,000).

Share capital

2015

2014

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

Ultimate parent company

The immediate parent company is Matterhorn Capital Limited, a company registered in England and Wales.

The ultimate parent company is Anthony Lyons Investments Limited, a company registered in England and Wales.