BOXPARK_CROYDON_LIMITED - Accounts
BOXPARK_CROYDON_LIMITED - Accounts
Company Registration No. 09355716 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2016
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOXPARK CROYDON LIMITED FOR THE PERIOD ENDED 30 APRIL 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boxpark Croydon Limited for the period ended 30 April 2016 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Boxpark Croydon Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Boxpark Croydon Limited and state those matters that we have agreed to state to the Board of Directors of Boxpark Croydon Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boxpark Croydon Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Boxpark Croydon Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boxpark Croydon Limited. You consider that Boxpark Croydon Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Boxpark Croydon Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
- 2 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(648,570 )
Net current liabilities
(200,995 )
Total assets less current liabilities
Creditors: amounts falling due after more than one year
3
(625,600 )
Provisions for liabilities
(11,500 )
Accruals and deferred income
(216,196 )
(75,411)
Capital and reserves
Called up share capital
4
Profit and loss account
(75,412 )
Shareholder's funds
(75,411 )
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2016
- 3 -
Director's responsibilities:
-
-
Approved by the Board for issue on 22 December 2016
Director
Company Registration No. 09355716
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 APRIL 2016
- 4 -
1
Accounting policies
1.1
Accounting convention
The accounts have been prepared on a going concern basis, which assumes that the company will continue trading for the foreseeable future. The companies creditors are happy to provide their continued support in meeting the company's liabilities as needed. The financial statements do not include any adjustment that would result from a withdrawal of their support.
1.2
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Site plant and equipment
No depreciation is provided in respect of site plant and equipment as the asset was under construction and in the director's opinion, the charge for the period would, on the basis of reasonable and prudent estimates of their useful lives and residual values, be immaterial.
1.3
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.
1.4
Government grants
Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2016
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 15 December 2014
-
Additions
979,275
At 30 April 2016
979,275
Depreciation
At 15 December 2014
-
Charge for the period
395
At 30 April 2016
395
Net book value
At 30 April 2016
978,880
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £497,448.
4
Share capital
2016
£
Allotted, called up and fully paid
On incorporation 1 ordinary share of £1 was allotted and fully paid at par for cash consideration.
5
Ultimate parent company
The ultimate parent company is Boxpark Ltd, a company incorporated in England and Wales.