Sarway Limited Company Accounts
Sarway Limited Company Accounts
COMPANY REGISTRATION NUMBER
02385106
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr H C Pasha
Registered office
42 Doughty Street
Accountants
RHODES & RHODES
DIRECTORS' REPORT
YEAR ENDED 5 APRIL 2016
The directors present their annual report together with the unaudited financial statements of the company for the year ended 5 April 2016. The company is dormant and has not traded during the year.
DIRECTORS
The directors who served the company during the year were as follows:
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Mr H C Pasha |
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STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under the law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to :
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the directors
H C Pasha
Director
Approved by the directors on
4 May 2016
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF
DIRECTORS ON THE PREPARATION OF THE UNAUDITED
STATUTORY ACCOUNTS OF
SARWAY LIMITED
YEAR ENDED 5 APRIL 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sarway Limited for the year ended 5 April 2016 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Sarway Limited, as a body, in accordance with the terms of our engagement letter dated 28 September 2011. Our work has been undertaken solely to prepare for your approval the accounts of Sarway Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 02/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sarway Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Sarway Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sarway Limited. You consider that Sarway Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sarway Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
4 May 2016
BALANCE SHEET
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2016 |
2015 |
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Note |
£ |
£ |
CURRENT ASSETS
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Cash at bank |
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TOTAL ASSETS |
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CAPITAL AND RESERVES
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Called up equity share capital |
4 |
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SHAREHOLDERS' FUNDS |
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Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
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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 were approved by the directors and authorised for issue on
4 May 2016
, and are signed on their behalf by:
H C Pasha
Director
Company Registration Number:
02385106
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2016
1.
DORMANT STATUS
The company was dormant (within the meaning of Section 480 of the Companies Act 2006) throughout the year ended 5 April 2016. The company has not traded during the year or during the preceding financial year. During these periods, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
2.
PROFIT AND LOSS ACCOUNT
The company did not trade during the year and has made neither a profit nor a loss. No Profit and Loss Account has therefore been prepared.
3.
RELATED PARTY TRANSACTIONS
The company is controlled by its shareholder and director Mr. H. C. Pasha.
4.
SHARE CAPITAL
Allotted, called up and fully paid:
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2016 |
2015 |
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No |
£ |
No |
£ |
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5.
INVESTMENTS
The company has a direct holding of 4,900 "B" Ordinary Shares in J. Pasha & Co., which is a dormant company incorporated in England and Wales. This holding represents 98% of the Issued Share Capital. The capital and reserves of J. Pasha & Co. at 30th April 2015 were as follows : Capital £5,000 Reserves (adverse) £(333,742)