Anglo Cathay Development Limited - Accounts

Anglo Cathay Development Limited - Accounts

ANGLO CATHAY DEVELOPMENT LIMITED - Company Information

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Registered Number : 09377529
England and Wales

 

 

 

ANGLO CATHAY DEVELOPMENT LIMITED


Abbreviated Accounts
 


Period of accounts

Start date: 01 February 2015

End date: 31 January 2016

Anglo Cathay Development Limited
Contents Page
For the year ended 31 January 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anglo Cathay Development Limited for the year ended 31 January 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Anglo Cathay Development Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the financial statements of Anglo Cathay Development Limited and state those matters that we have agreed to state to the Board of Directors of Anglo Cathay Development Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anglo Cathay Development Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Anglo Cathay Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Anglo Cathay Development Limited. You consider that Anglo Cathay Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anglo Cathay Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.




....................................................
PJW Accounting Limited
Suite 7 Hawkesyard Hall
The Hawkesyard Estate
RUGELEY
WS15 1PU
06 September 2016

1
 
 		 Notes
 		 2016
£
Fixed assets    
Tangible fixed assets 2 572,014 
572,014 
Current assets    
Cash at bank and in hand 157,007 
Creditors: amount falling due within one year (731,077)
Net current assets (574,070)
Total assets less current liabilities (2,056)
Net assets (2,056)

Capital and reserves 		   
Profit and loss account (2,056)
Shareholders funds (2,056)


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

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors


--------------------------------
David Haddican
Director

Date approved by the board: 06 September 2016
2
1.

Accounting Policies

Basis of accounting

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

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.

The assets included in land & buildings represent the investment properties which are under construction. As a result, these have not been depreciated and when the construction is complete the properties will be revalued to their market value.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.

Tangible fixed assets

Cost or Valuation Land and Buildings   Total
  £   £
At 01 February 2015 -    - 
Additions 572,014    572,014 
Disposals -    - 
At 31 January 2016 572,014    572,014 
Depreciation
At 01 February 2015 -    - 
Charge for year -    - 
On disposals -    - 
At 31 January 2016 -    - 
Net book values
At 31 January 2016 572,014    572,014 
At 01 February 2015 -    - 


3.

Share Capital

Allotted
2016
£
100 Ordinary shares of £1.00 each 100 
100 

3