Company Registration No. 09355716 (England and Wales)
BOXPARK CROYDON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2016
BOXPARK CROYDON LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
BOXPARK CROYDON LIMITED
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
22 December 2016
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
BOXPARK CROYDON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 2 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
978,880
Current assets
Debtors
293,048
Cash at bank and in hand
154,527
447,575
Creditors: amounts falling due within one year
(648,570)
Net current liabilities
(200,995)
Total assets less current liabilities
777,885
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
1
Profit and loss account
(75,412)
Shareholder's funds
(75,411)
BOXPARK CROYDON LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2016
30 April 2016
- 3 -
For the financial period ended 30 April 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 member has not required the company to obtain an audit of its financial statements for the period 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 22 December 2016
Mr R Wade
Director
Company Registration No. 09355716
BOXPARK CROYDON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 APRIL 2016
- 4 -
1
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 April 2008).
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
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33% per annum on a straight line basis
Site plant and equipment
Not depreciated
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.
BOXPARK CROYDON LIMITED
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
1 Ordinary share of £1 each
1
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.
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