Seldon Technologies Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09188032 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 28 AUGUST 2014 TO 31 AUGUST 2015

FOR

SELDON TECHNOLOGIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A M Housley

REGISTERED OFFICE:

Stapleton House,

Block A, 2nd Floor,

110 Clifton Street

London

EC2A 4HT

REGISTERED NUMBER:

09188032 (England and Wales)

ACCOUNTANTS:

Horizon Accounts Limited

Chartered Management Accountants

Stapleton House,

Block A, 2nd Floor,

110 Clifton Street

London

EC2A 4HT

FIXED ASSETS

Investments

2

5,021

CURRENT ASSETS

Debtors

98,080

Cash at bank

34,051

132,131

CREDITORS

Amounts falling due within one year

60,016

NET CURRENT ASSETS

72,115

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,136

CAPITAL AND RESERVES

Called up share capital

3

6

Share premium

95,946

Profit and loss account

(18,816

)

SHAREHOLDERS' FUNDS

77,136

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

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

The director acknowledges his 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 director on 27 May 2016 and were signed by:

A M Housley - Director

1.	ACCOUNTING POLICIES

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).

Preparation of consolidated financial statements

The financial statements contain information about Seldon Technologies Limited as an individual company and

do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Fixed asset investments

Fixed asset investments are held at cost less diminution in value.

Going concern

The financial statements have been prepared on the going concern basis. The company incurred losses during the

period, however the director and the shareholders of the company will continue to support it for the foreseeable

future.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

5,021

At 31 August 2015

5,021

NET BOOK VALUE

At 31 August 2015

5,021

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

105,285

Ordinary A

£1.05

1

520,000

Ordinary B

£5.2

5

6

On incorporation, the company issued 1 Ordinary share for £1.

On 7 October 2014, the £1 Ordinary share was redesignated as 100,000 £0.00001 Ordinary A shares. On the

same date, the company issued 5,486 Ordinary A shares for a total consideration of £4,999 and also issued

420,000 Ordinary B shares for a total consideration of £4.

On 13 October 2014, the company issued 54,866 Ordinary A shares for a total consideration of £30,947.

On 23 October 2014, the company issued 100,000 Ordinary A shares and redesignated these as Ordinary B

shares. All of the Ordinary B shares were issued at par.

On 31 October 2014, the company issued 54,866 Ordinary A shares for a total consideration of £49,999.

On 21 May 2015, the company issued 10,973 Ordinary A shares for a total consideration of £10,000.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 August 2015:

£

A M Housley

Balance outstanding at start of period

-

Amounts advanced

5

Amounts repaid

(21

)

Balance outstanding at end of period

(16

)