Registered number: 08837893

Clontarf Holdings Ltd

Abbreviated accounts

for the year ended 31 January 2016

Clontarf Holdings Ltd

Contents

• Abbreviated Balance sheet
• Notes to the financial statements

Clontarf Holdings Ltd

Abbreviated balance sheet

as at 31 January 2016

		2016		2015
	Notes	£	£	£	£
Fixed Assets
Tangible assets			2,010		-
Current Asset
Stock		19,295		-
Cash at bank and in hand		17,043		55,673
Debtors		11,425		12,356
		47,763		68,029
Creditors: amounts falling due within one year	7	(111,179)		(27,791)
Net current assets			(63,416)		40,238
Total assets less current liabilities			(61,406)		40,238
Net assets			(61,406)		40,238
Capital and reserves
Share Capital			100		100
Profit and loss account			(61,506)		40,138
Shareholders' funds			(61,406)		40,238

The directors' statements required by Sections 475(2) and (3) are shown on the following page which forms part of this Balance Sheet.

Clontarf Holdings Ltd

Registered number: 08837893

Abbreviated balance sheet (continued)

Director's statements required by Sections 475(2) and (3)
for the year ended 31 January 2016

In approving these abbreviated accounts as director of the company I hereby confirm:

(a)	that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006 ;
(b)	that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31 January 2016 ; and
(c)	that I acknowledge my responsibilities for:
	(1)	ensuring that the company keeps accounting records which comply with Section 386 ; and
	(2)	preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective April 2008) relating to small companies.

The abbreviated accounts were approved by the Board on 30 November 2016 and signed on its behalf by
Sepand Oboudiyat
Director

Clontarf Holdings Ltd

Notes to the abbreviated financial statements

for the year ended 31 January 2016

1	Accounting policies
1.1	Basis of preparation The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2	Turnover Turnover represents value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
1.3	Tangible fixed assets and depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Motor vehicles	25% straight line
	Equipment, fixtures and fittings	25% straight line
1.4	Stocks Stock is valued at the lower of cost and net realisable value.

4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
		£		£		£
	Cost
	Additions	2,418		-		2,418
	At 31 January 2016	2,418		-		2,418
	Depreciation
	Charge for the year	408		-		408
	At 31 January 2016	408		-		408
	Net book value
	At 31 January 2016	2,010		-		2,010

8	Share capital	2016		2015		2016		2015
		No		No		£		£
	Allotted, called up and fully paid:
	Ordinary shares of £ 1 each	100		100		100		100

11	Controlling interest
	The controlling and ultimate controlling party is Sepand Oboudiyat, the director of the company, by virtue of the fact that he/she owns 67% of the issued share capital.

12	Transactions with directors
	Advances to director
	The following director had interest free loans during the year. The movements on these loans are as follows:
		Amount owing at end of
		2016		2015		Max in year
		£		£		£
	Director's loan account for Sepand Oboudiyat	0		12,356		0

13

Going concern

The director has reviewed the twelve months ahead and has considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern irrespective of the adverse balance sheet. This is considered appropriate as the director is satisfied that the company's major creditors will not demand repayment of amounts outstanding to the detriment of other creditors.