Abbreviated Company Accounts - STONYBROOK LIMITED
Abbreviated Company Accounts - STONYBROOK LIMITED
Registered Number 03235004
STONYBROOK LIMITED
Abbreviated Accounts
30 December 2013
STONYBROOK LIMITED Registered Number 03235004
Abbreviated Balance Sheet as at 30 December 2013
| Notes | 2013 | 2012 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
( |
( |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
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For the year ending 30 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
STONYBROOK LIMITED Registered Number 03235004
Notes to the Abbreviated Accounts for the period ended 30 December 2013
1Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Fixed asset investments are stated at cost less provision for permanent diminution in value.
Other accounting policies
In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Going Concern
The company is dependent on the continued support of its subsidiary company in its ability to continue as a going concern. The subsidiary company has provided the company with a loan without any formal repayment terms. The directors of the subsidiary company have confirmed that the loan will not be repaid until the company has sufficient funds in place to do so, on this basis the directors consider that it is appropriate for the financial statements to be prepared on a going concern basis.
2Fixed assets Investments
£
Cost
At 31st December 2012 and 30th December 2013 337
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Net Book Value
At 30th December 2013 337
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At 30th December 2012 337
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The company owns 30% of the issued share capital of the companies listed below.
S.C.I Chatillon - Capital & Reserves (74,452) (63,572)
S.C.I Chatillon - Loss for the year (10,880) (16,930)
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.