Tarmon Limited - Abbreviated accounts 16.1

Tarmon Limited - Abbreviated accounts 16.1

FARRINGDON INVESTMENTS 2019 LTD - Company Information

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REGISTERED NUMBER: 07149938 (England and Wales)










ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

TARMON LIMITED

TARMON LIMITED (REGISTERED NUMBER: 07149938)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

TARMON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2015







DIRECTOR: Mr A C Panayi





REGISTERED OFFICE: 869 High Road
London
N12 8QA





REGISTERED NUMBER: 07149938 (England and Wales)





ACCOUNTANTS: EAGK LLP
Chartered Accountants
869 High Road
London
N12 8QA
Page 1
TARMON LIMITED (REGISTERED NUMBER: 07149938)

ABBREVIATED BALANCE SHEET
31 AUGUST 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 45,000 52,500
Tangible assets 3 12,976 12,800
Investment property 4 312,500 -
370,476 65,300

CURRENT ASSETS
Stocks 11,575 11,410
Debtors 10,823 9,055
Cash at bank and in hand 120,085 228,428
142,483 248,893
CREDITORS
Amounts falling due within one year 236,102 94,688
NET CURRENT (LIABILITIES)/ASSETS (93,619 ) 154,205
TOTAL ASSETS LESS CURRENT
LIABILITIES
276,857
219,505

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 276,757 219,405
SHAREHOLDERS' FUNDS 276,857 219,505

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 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 24 May 2016 and were signed by:





Mr A C Panayi - Director


The notes form part of these abbreviated accounts

Page 2
TARMON LIMITED (REGISTERED NUMBER: 07149938)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance

Investment property
In accordance with Financial Reporting Standard for Smaller Entities, investment properties are
re-valued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No
depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement
conflicts with the generally accepted accounting principle set out in Financial Reporting Standard for
Smaller Entities. The directors consider that, because these properties are not held for consumption
but for their investment potential, to depreciate them would not give a true and fair view and that it is
necessary to adopt Financial Reporting Standard for Smaller Entities in order to give a true and fair
view. If this departure from the Act had not been made, the profit for the financial year would have
been reduced by the amount of depreciation.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014
and 31 August 2015 75,000
AMORTISATION
At 1 September 2014 22,500
Amortisation for year 7,500
At 31 August 2015 30,000
NET BOOK VALUE

At 31 August 2015 45,000
At 31 August 2014 52,500

Page 3 continued...
TARMON LIMITED (REGISTERED NUMBER: 07149938)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 25,000
Additions 3,420
At 31 August 2015 28,420
DEPRECIATION
At 1 September 2014 12,200
Charge for year 3,244
At 31 August 2015 15,444
NET BOOK VALUE
At 31 August 2015 12,976
At 31 August 2014 12,800

4. INVESTMENT PROPERTY
Total
£   
COST
Additions 312,500
At 31 August 2015 312,500
NET BOOK VALUE
At 31 August 2015 312,500

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary shares £1 100 100

Page 4