Fernside Trading Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08643516 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Fernside Trading Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B P Kramer

R D Bridges

REGISTERED OFFICE:

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

08643516 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

CURRENT ASSETS

Debtors

1,530

98

Cash at bank

1,948

-

3,478

98

CREDITORS

Amounts falling due within one year

3,016

2,998

NET CURRENT ASSETS/(LIABILITIES)

462

(2,900

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

462

(2,900

)

CREDITORS

Amounts falling due after more than one
year

28,130

7,949

NET LIABILITIES

(27,668

)

(10,849

)

CAPITAL AND RESERVES

Called up share capital

2

1

Profit and loss account

(27,669

)

(10,850

)

SHAREHOLDERS' FUNDS

(27,668

)

(10,849

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 May 2016 and were signed on its behalf by:

B P Kramer - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which is dependent upon the company's

creditors continuing to provide the necessary financial facilities to enable the company to continue in operation

for the foreseeable future.

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).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that

evidences a residual interest in the assets of the company after deducting all of its liabilities.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the

date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1

3.	ULTIMATE CONTROL

The ultimate controlling party is Csaba Dekany by virtue of him holding 100% of the shares in the company.