Jacoba Golf Enterprises Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 03413819 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

JACOBA GOLF ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A. E. Shergold

SECRETARY:

Mrs P. Shergold

REGISTERED OFFICE:

9 Wellswood Gardens

Rowlands Castle

Hampshire

PO9 6DN

REGISTERED NUMBER:

03413819 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

85,848

85,848

CREDITORS

Amounts falling due within one year

3

156,402

156,402

NET CURRENT LIABILITIES

(156,402

)

(156,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(70,554

)

(70,554

)

CAPITAL AND RESERVES

Called up share capital

4

99

99

Profit and loss account

5

(70,653

)

(70,653

)

SHAREHOLDERS' FUNDS

(70,554

)

(70,554

)

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 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 October 2016 and were signed by:

Mr A. E. Shergold - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In view of the balance sheet deficit of £70,554 (2015: £70,554) the director and shareholders have indicated that

they will support the company for the foreseeable future. Therefore the director is of the opinion that the going

concern basis is appropriate for the preparation of these accounts.

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).

The company was dormant throughout the current year and previous year.

Tangible fixed assets

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

Long leasehold

-

not provided

Fixtures and fittings

-

15% on reducing balance

No provision for depreciation is made on long leasehold as the director considers its value to be at least equal to

if not greater than cost.

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.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

leasehold

fittings

Totals

£

£

£

COST

At 1 April 2015

and 31 March 2016

85,124

8,456

93,580

DEPRECIATION

At 1 April 2015

and 31 March 2016

-

7,732

7,732

NET BOOK VALUE

At 31 March 2016

85,124

724

85,848

At 31 March 2015

85,124

724

85,848

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other creditors

156,402

156,402

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

99

Ordinary

£1

99

99

5.

RESERVES

Profit

and loss

account

£

At 1 April 2015

(70,653

)

Profit for the year

-

At 31 March 2016

(70,653

)