Skydream Finance 1 Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07264681 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

SKYDREAM FINANCE 1 LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Lellis

REGISTERED OFFICE:

115b Drysdale Street

Hoxton

London

N1 6ND

REGISTERED NUMBER:

07264681 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Investments

2

-

514

CURRENT ASSETS

Cash at bank

80

7,402

CREDITORS

Amounts falling due within one year

5,271

2,499

NET CURRENT (LIABILITIES)/ASSETS

(5,191

)

4,903

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,191

)

5,417

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(5,193

)

5,415

SHAREHOLDERS' FUNDS

(5,191

)

5,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 2 August 2016 and were signed by:

Mr D Lellis - 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 January 2015).

Foreign currencies

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 ruling at the date

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

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

514

Disposals

(514

)

At 31 May 2016

-

NET BOOK VALUE

At 31 May 2016

-

At 31 May 2015

514

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	RELATED PARTY DISCLOSURES

Mr D Lellis

The director and shareholder

2016

2015

£

Amount due to related party at the balance sheet date

5,271

999