Amara Land Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08924734 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

AMARA LAND LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs R P Buddhdev

Dr P Buddhdev

REGISTERED OFFICE:

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

REGISTERED NUMBER:

08924734 (England and Wales)

ACCOUNTANTS:

Meades & Company Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

FIXED ASSETS

Tangible assets

2

941

-

CURRENT ASSETS

Stocks

2,179,358

1,387,358

Debtors

29,878

24,258

Cash at bank

27,311

-

2,236,547

1,411,616

CREDITORS

Amounts falling due within one year

2,237,443

637,406

NET CURRENT (LIABILITIES)/ASSETS

(896

)

774,210

TOTAL ASSETS LESS CURRENT
LIABILITIES

45

774,210

CREDITORS

Amounts falling due after more than
one year

-

774,027

NET ASSETS

45

183

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(55

)

83

SHAREHOLDERS' FUNDS

45

183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 20 October 2016 and were
signed on its behalf by:

Mrs R P Buddhdev - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis on the assumption

that the company will continue to trade for the foreseeable future, even though it had net

current liabilities of £896 (2015: net current assets of £774,210) as at the balance sheet date.

The directors consider the going concern basis to be appropriate as, in their opinion, the

company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

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).

Turnover

Turnover represents amounts receivable for property development, net of value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,158

At 31 March 2016

1,158

DEPRECIATION

Charge for year

217

At 31 March 2016

217

NET BOOK VALUE

At 31 March 2016

941

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100