Pacefare Limited - Limited company accounts 16.1

REGISTERED NUMBER: 02035893 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2016

for

Pacefare Limited

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mrs J E Kempton

Mrs L Lapworth

Mrs S C Kinder

Mrs J Smith

SECRETARY:

Mrs S C Kinder

REGISTERED OFFICE:

Flat 2

Abbey House

Abbey Way

Hartford, Northwich

Cheshire

CW8 1LY

REGISTERED NUMBER:

02035893 (England and Wales)

ACCOUNTANTS:

CJ O'Brien and Co

Bate Mill Farmhouse

Bate Mill Lane

Chelford

Macclesfield

Cheshire

SK11 9BW

The directors present their report with the financial statements of the company for the year ended 31 March 2016.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2015 to the

date of this report.

Mrs J E Kempton

Mrs L Lapworth

Mrs S C Kinder

Mrs J Smith

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

Mrs J E Kempton - Director

24 October 2016

TURNOVER

2,695

2,585

Administrative expenses

1,678

4,858

1,017

(2,273

)

Other operating income

-

560

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION

2

1,017

(1,713

)

Tax on profit/(loss) on ordinary activities

3

-

-

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

1,017

(1,713

)

CURRENT ASSETS

Cash at bank

2,742

1,725

CREDITORS

Amounts falling due within one year

4

420

420

NET CURRENT ASSETS

2,322

1,305

TOTAL ASSETS LESS CURRENT LIABILITIES

2,322

1,305

CAPITAL AND RESERVES

Called up share capital

5

4

4

Profit and loss account

6

2,318

1,301

SHAREHOLDERS' FUNDS

2,322

1,305

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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 24 October 2016 and were signed on its behalf by:

Mrs J E Kempton - 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).

Turnover

Turnover represents the value of services, net of discounts, provided for the management of

Abbey House.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2015 - operating loss) is stated after charging:

31.3.16

31.3.15

£

£

Directors' remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 March 2016

nor for the year ended 31 March 2015.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Other creditors

420

420

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

4

Ordinary

£1

4

4

6.

RESERVES

Profit

and loss

account

£

At 1 April 2015

1,301

Profit for the year

1,017

At 31 March 2016

2,318

7.	ULTIMATE CONTROLLING PARTY