Nirvana Homes Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 03543428 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2016

FOR

NIRVANA HOMES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J G Patel

Mrs A J Patel

SECRETARY:

J G Patel

REGISTERED OFFICE:

278 Northfield Avenue

Ealing

London

W5 4UB

REGISTERED NUMBER:

03543428 (England and Wales)

ACCOUNTANTS:

Levy + Partners Limited

Chartered Accountants

7-8 Ritz Parade

Western Avenue

London

W5 3RA

CURRENT ASSETS

Debtors

955,940

909,800

Cash at bank

9,767

13,801

965,707

923,601

CREDITORS

Amounts falling due within one year

16,901

6,220

NET CURRENT ASSETS

948,806

917,381

TOTAL ASSETS LESS CURRENT
LIABILITIES

948,806

917,381

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

948,706

917,281

SHAREHOLDERS' FUNDS

948,806

917,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10th January 2017 and were signed on its behalf by:

J G Patel - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover & revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax. The revenue is recognised for the services as

the services are performed.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Going concern

The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which

the directors consider appropriate having regard to the circumstances.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

ORDINARY

£1

100

3.	RELATED PARTY DISCLOSURES

(a) Transaction with related undertaking.

Other debtors includes a transaction with related undertaking is £955,800 (2015 - £909,800) . The related undertaking was Nirvana Properties Ltd, which is controlled by Mr J G Patel, a director and shareholder of this company is also a director and shareholder of Nirvana Properties Ltd.

4.	ULTIMATE CONTROLLING PARTY

Mr J G Patel, a director, together with members of his close family, control the company by virtue of a controlling interest
(directly or indirectly) of 100% of the issued ordinary share capital.