Rabolli_Pansera_Limited - Accounts

RABOLLI PANSERA LIMITED - Company Information

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Company Registration No. 06803294 (England and Wales)

Rabolli Pansera Limited

Unaudited abbreviated financial statements

For the year ended 31 March 2016

RABOLLI PANSERA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

RABOLLI PANSERA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

Current assets

Debtors

22,832

7,617

Cash at bank and in hand

298

22,832

7,915

Creditors: amounts falling due within one year

(31,161)

(33,176)

Total assets less current liabilities

(8,329)

(25,261)

Capital and reserves

Called up share capital

100

Profit and loss account

(8,429)

(25,361)

Shareholders' funds

(8,329)

(25,261)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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

Ms C Aoun

Director

Company Registration No. 06803294

RABOLLI PANSERA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

The company recorded a profit of £16,932 (2015: a loss of £29,938) for the year and had net liabilities of £8,329 (2015: £25,261) at the year end date. The company continues to meet its day-to-day working capital requirements from the continued support of its directors. The directors are satisfied that they can continue to finance the business in this manner. Accordingly, the directors consider it appropriate to prepare theses financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the support the directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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:

Computer equipment

25% straight line

Fixtures, fittings & equipment

20% straight line

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

3,086

Depreciation

At 1 April 2015 & at 31 March 2016

3,086

Net book value

At 31 March 2016

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

RABOLLI PANSERA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Related party relationships and transactions

Loans to directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Description

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr S Rabolli Pansera

(1,298)

26,268

10,593

14,377

Ms C Aoun

(27,184)

41,290

28,563

(14,457)

(28,482)

67,558

39,156

(80)