Endeavour Properties (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05891645 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Endeavour Properties (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Singh

REGISTERED OFFICE:

Endeavour House

Saville Road

Peterborough

Cambridgeshire

PE3 7PS

REGISTERED NUMBER:

05891645 (England and Wales)

ACCOUNTANTS:

Malick & Co Limited

Chartered Certified Accountants

Fairview

192 Park Road

Peterborough

Cambridgeshire

PE1 2UF

CURRENT ASSETS

Stocks

399,634

Debtors

15,600

-

Cash at bank

41,518

45,379

456,752

445,013

CREDITORS

Amounts falling due within one year

259,994

260,174

NET CURRENT ASSETS

196,758

184,839

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,758

184,839

CREDITORS

Amounts falling due after more than one
year

2

260,091

NET LIABILITIES

(63,333

)

(75,252

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(63,334

)

(75,253

)

SHAREHOLDERS' FUNDS

(63,333

)

(75,252

)

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

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

The director acknowledges his 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 director on 31 January 2017 and were signed by:

B Singh - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.

CREDITORS

Creditors include the following debts falling due in more than five years:

30.4.16

30.4.15

£

Repayable otherwise than by instalments

260,091

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

1

Ordinary

£1

1

4.	GOING CONCERN

The company has net liabilities of £63,333 (2015 - £75,252) and is insolvent. The director is optimistic about the

company's future viability and is committed to continue supporting the company as he is confident that there will

be a turnaround of the company's profitability and position.