THE_REAL_MCCOY_LIMITED - Accounts

THE REAL MCCOY LIMITED - Company Information

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Company Registration No. 06811372 (England and Wales)

THE REAL MCCOY LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

THE REAL MCCOY LIMITED

COMPANY INFORMATION

Director

Mr R L Nevies

Secretary

Ms B F Shirion

Company number

06811372

Registered office

Lynwood House

373-375 Station Road

Harrow

Middlesex

HA1 2AW

Accountants

RDP Newmans LLP

Lynwood House

373-375 Station Road

Harrow

Middlesex

HA1 2AW

Business address

45 Cheyne Walk

London

NW4 3QH

THE REAL MCCOY LIMITED

CONTENTS

Page

Director's report

Balance sheet

Notes to the financial statements

3 - 4

THE REAL MCCOY LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 30 APRIL 2016

- 1 -

The director presents his report and financial statements for the year ended 30 April 2016.

The company did not trade during the period.

Director

The following director has held office since 1 May 2015:

Mr R J Shirion

(Resigned 25 February 2016)

Mr R L Nevies

On behalf of the board

Mr R L Nevies

Director

15 July 2016

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 30 APRIL 2016

The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

THE REAL MCCOY LIMITED

BALANCE SHEET

AS AT

30 APRIL 2016

- 2 -

2016

2015

Notes

Fixed assets

Intangible assets

122,855

Creditors: amounts falling due within one year

(130,684)

Net current liabilities

(130,684)

Total assets less current liabilities

(7,829)

Capital and reserves

Called up share capital

Profit and loss account

(7,839)

Shareholders' funds

(7,829)

Audit exemption statement

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 15 July 2016

Mr R L Nevies

Director

Company Registration No. 06811372

THE REAL MCCOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. The validity of this assumption depends on the continued support of the company's directors and creditors.

If the company was unable to continue in operational existence for the forseeable future, adjustments would have to be made to reduce the values of assets to their recoverable amounts, and to provide for further laibilities that might arise.

1.2

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

The products are currently at prototype stage.

In the opinion of the directors no impairment of the patents is considered necessary.

1.3

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Intangible fixed assets

Other intangible assets

Cost

At 1 May 2015 & at 30 April 2016

122,855

Net book value

At 30 April 2016

122,855

At 30 April 2015

122,855

Creditors: amounts falling due within one year

2016

2015

Other creditors

130,684

THE REAL MCCOY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

10 Ordinary shares of £1 each

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 May 2015

(7,839)

Balance at 30 April 2016

(7,839)

Control

The ultimate controlling interest is held by Mr R J Shirion who the majority shareholder of the company.

Related party relationships and transactions

Included within other creditors is an amount of £120,764 (2015: £120,764) due to Hartlington Estates Limited, a company in which Mr R L Nevies is a director.

Included within other creditors is an amount of £2,920 (2015: £2,920) due to Mr R J Shirion, a director of the company.