Abbreviated Company Accounts - TAYBOROUGH LIMITED

TAYBOROUGH LIMITED - Company Information

04127935 TAYBOROUGH LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04127935 2015-04-01 2016-03-31 04127935 2016-03-31 04127935 2015-03-31 04127935 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04127935 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04127935

TAYBOROUGH LIMITED

Abbreviated Accounts

31 March 2016

TAYBOROUGH LIMITED Registered Number 04127935

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	450,000	450,000
		450,000	450,000
Current assets
Debtors		1,308,197	1,318,247
Cash at bank and in hand		70,685	46,124
		1,378,882	1,364,371
Creditors: amounts falling due within one year		(13,823)	(11,453)
Net current assets (liabilities)		1,365,059	1,352,918
Total assets less current liabilities		1,815,059	1,802,918
Creditors: amounts falling due after more than one year		(1,732,026)	(1,706,065)
Total net assets (liabilities)		83,033	96,853
Capital and reserves
Called up share capital	3	1,000	1,000
Other reserves		92,376	92,376
Profit and loss account		(10,343)	3,477
Shareholders' funds		83,033	96,853

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 December 2016

And signed on their behalf by:
Daniel Yodaiken, Director

TAYBOROUGH LIMITED Registered Number 04127935

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets

	£
Cost
At 1 April 2015	450,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	450,000
Depreciation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	450,000
At 31 March 2015	450,000

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	Daniel Yodaiken
Description of the transaction:	Unsecured Loan
Balance at 1 April 2015:	£ 1,200,000
Advances or credits made:	£ 0
Advances or credits repaid:	£ 0
Balance at 31 March 2016:	£ 1,200,000

Included in trade debtors is an unsecured loan amounting to £950,000 (2015 - £950,000) to Cyclops Electronics Limited, a company controlled by D Yodaiken. Interest is charged at 1.5% above Lloyds Bank base rate and the loan is repayable on the earlier of 30 June 2020 or on demand. During the year Cyclops Electronics Limited paid interest to the company of £19,000 (2015 - £19,000) in respect of this loan.
Also Included in trade debtors is an unsecured loan amounting to £350,000 (2015 - £350,000) to Link Business Park Limited, a company associated with D Yodaiken. Interest is charged at 2% per annum above Lloyds Bank base rate and the loan is repayable on demand. During the year Link Business Park Limited paid interest amounting to £8,750 (2015 - £8,750) in respect of this loan.