MAHB Capital Limited - Abbreviated accounts 16.3
MAHB Capital Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| FOR |
| MAHB CAPITAL LIMITED |
| MAHB CAPITAL LIMITED (REGISTERED NUMBER: 07157095) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MAHB CAPITAL LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| MAHB CAPITAL LIMITED (REGISTERED NUMBER: 07157095) |
| ABBREVIATED BALANCE SHEET |
| 29 FEBRUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| MAHB CAPITAL LIMITED (REGISTERED NUMBER: 07157095) |
| ABBREVIATED BALANCE SHEET - continued |
| 29 FEBRUARY 2016 |
| The financial statements were approved by the Board of Directors on |
| MAHB CAPITAL LIMITED (REGISTERED NUMBER: 07157095) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| As at 29 February 2016, the company had net current liabilities of £280,292. The directors believe, after reviewing the |
| business activities of the company, together with the factors likely to affect its future development, its financial position, its |
| exposure to financial risk, and on the basis of funding available, that the company has sufficient resources to continue in |
| operation for the foreseeable future. Therefore, the directors believe it appropriate to adopt the going concern basis in |
| preparing financial statements. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents the management of office space and the development of building projects excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Deferred tax |
| Taxation is based on the results for the year and takes into account taxation deferred because of timing differences |
| between the treatment of certain items for taxation and accounting purposes. In accordance with Financial Reporting |
| Standard 19, provision is made for deferred tax in respect of all timing differences that have been originated but not |
| reversed by the balance sheet date. Deferred tax assets are recognised when it is more likely than not that the asset will be |
| recovered. Deferred tax is measured using rates that have been enacted or substantially enacted by the balance sheet |
| date. Deferred tax balances are not discounted. |
| Investment properties |
| In accordance with Statement of Standard Accounting Practice No.19 :- |
| (i) investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve; |
| and |
| (ii) no depreciation or amortisation is provided in respect of freehold investment properties. |
| This treatment as regards to the company's investment properties, may be a departure from the requirement of the |
| Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption but for |
| investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy |
| adopted is therefore necessary for the accounts to give a true and fair view. |
| MAHB CAPITAL LIMITED (REGISTERED NUMBER: 07157095) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 29 FEBRUARY 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2015 |
| Additions |
| Disposals | ( |
) |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments | 450,342 | 2,359,526 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary C | £1 |
| 3 | 3 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 29 February 2016 and |
| 28 February 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Interest of £60 (2015 - £582) has been charged at the HM Revenue and Customs' official rate of interest. |