NALEEN_FINANCE_LIMITED - Accounts

NALEEN FINANCE LIMITED - Company Information

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Company Registration No. 00816823 (England and Wales)

NALEEN FINANCE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

NALEEN FINANCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

NALEEN FINANCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

399

Investments

1,146,178

758,733

1,146,178

759,132

Current assets

Stocks

276,118

493,963

Debtors

12,140

4,428

Cash at bank and in hand

137,345

44,654

425,603

543,045

Creditors: amounts falling due within one year

(129,942)

(87,653)

Net current assets

295,661

455,392

Total assets less current liabilities

1,441,839

1,214,524

Capital and reserves

Called up share capital

Share premium account

74,970

Profit and loss account

1,366,789

1,139,474

Shareholders' funds

1,441,839

1,214,524

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 27 July 2016

Ms N. Andrews

Mrs. A. V Shute

Director

Company Registration No. 00816823

NALEEN FINANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% Straight line

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.6

Stocks of dealing properties

Stocks of dealing properties are valued at the lower of cost and net realisable value. Cost comprises the purchase price of the property, the related professional charges and the cost of improvements carried out.

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2015

2,994

758,733

761,727

Additions

403,870

Disposals

(16,425)

At 31 March 2016

2,994

1,146,178

1,149,172

Depreciation

At 1 April 2015

2,595

Charge for the year

399

At 31 March 2016

2,994

Net book value

At 31 March 2016

1,146,178

At 31 March 2015

399

758,733

759,132

NALEEN FINANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

80 Ordinary shares of £1 each