AMARDIN LIMITED - Abbreviated accounts

Registered number

08620582

AMARDIN LIMITED

Abbreviated Accounts

31 July 2015

AMARDIN LIMITED
Registered number:		08620582
Abbreviated Balance Sheet
as at 31 July 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1,103,741			1,103,741

Current assets
Cash at bank and in hand		14,830			16,652

Creditors: amounts falling due within one year		(1,124,350)			(1,124,623)

Net current liabilities			(1,109,520)			(1,107,971)

Net liabilities			(5,779)			(4,230)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(5,780)			(4,231)

Shareholder's funds			(5,779)			(4,230)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Timur Mansurov
Director
Approved by the board on 21 March 2016

AMARDIN LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 July 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents total rent receivable, gross of agents' commission.

	Investment property
	Investment properties are revalued annually at their open market value in accordance with Financial Reporting Standards for Small Entities. The surplus or deficit on the revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost, in which case it is taken to the profit and loss account. No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. If this departure from the Act had not been made, the profit/loss for the year would have been reduced by depreciation.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Going concern
	The financial statements have been prepared on a going concern basis even though at the balance sheet date the company had net liabilities amounting to £5,779 (2014: £4,230) and incurred a net loss of £1,549 (2014: £4,231) for the period. The director has concluded that the combination of these circumstances represent a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, he continues to adopt the going concern basis in preparing the accounts.





2	Tangible fixed assets					£

	Cost
	At 1 August 2014					1,103,741
	At 31 July 2015					1,103,741

	Depreciation
	At 31 July 2015					-

	Net book value
	At 31 July 2015					1,103,741
	At 31 July 2014					1,103,741

	Land and buildings are regarded as investment properties. The company's director has reviewed the value of the properties and is of the opinion that the market value is not significantly different from cost.

3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1