ANDERSEN_SHELTER_LIMITED - Accounts

ANDERSEN SHELTER LIMITED - Company Information

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Company Registration No. 01963752 (England and Wales)

ANDERSEN SHELTER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

ANDERSEN SHELTER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ANDERSEN SHELTER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

3,937

2,877

Cash at bank and in hand

3,968

2,936

Creditors: amounts falling due within one year

(3,987)

(2,955)

Net current liabilities

(19)

Total assets less current liabilities

(15)

Capital and reserves

Called up share capital

Profit and loss account

(17)

Shareholders' funds

(15)

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.

Director's 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 director acknowledges his 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 10 November 2016

Mr B T Andersen

Director

Company Registration No. 01963752

ANDERSEN SHELTER 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).

At the balance sheet date the company had net liabilities of £19 (2015: £19) which suggests that the going concern basis may not be appropriate. However the company, Andersen Shelter Limited has given assurances it will continue to provide support to the company to allow it to continue in operation for the forseeable future. Therefore it is considered appropriate to prepare financial statement on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

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

Investments

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

1.4

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

ANDERSEN SHELTER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Investments

Cost

At 1 April 2015 & at 31 March 2016

At 31 March 2015

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

50 Golborne Road Limited

England & Wales

Ordinary

100.00

Golborne Westbourne Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

50 Golborne Road Limited

Property developers

260,701

9,425

Golborne Westbourne Limited

Property developers

2,160,800

1,897,068

Share capital

2016

2015

Allotted, called up and fully paid

2 ordinary shares of £1 each