Abbreviated Company Accounts - NDB HOLDINGS LIMITED

Abbreviated Company Accounts - NDB HOLDINGS LIMITED


Registered Number 06870581

NDB HOLDINGS LIMITED

Abbreviated Accounts

30 September 2016

NDB HOLDINGS LIMITED Registered Number 06870581

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 723,090 1,083,090
723,090 1,083,090
Current assets
Debtors 3 16,200 -
Cash at bank and in hand 370,391 13,767
386,591 13,767
Creditors: amounts falling due within one year 4 (128,599) (128,401)
Net current assets (liabilities) 257,992 (114,634)
Total assets less current liabilities 981,082 968,456
Creditors: amounts falling due after more than one year 4 (847,208) (463,094)
Total net assets (liabilities) 133,874 505,362
Capital and reserves
Called up share capital 5 2 2
Other reserves 281,689 551,902
Profit and loss account (147,817) (46,542)
Shareholders' funds 133,874 505,362
  • For the year ending 30 September 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 November 2016

And signed on their behalf by:
Mr D R Bhojani, Director
Mr G N Bhojani, Director

NDB HOLDINGS LIMITED Registered Number 06870581

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total rents receivable by the company in respect of its investment property portfolio during the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:-
Land and buildings - None

Other accounting policies
Investment Properties
No depreciation is provided in accordance with SSAP 19 on freehold investment properties as the company follows a programme of regular maintenance of its buildings which includes the reinstatement of the fabric of the buildings where necessary.Therefore in the opinion of the directors the company's freehold buildings have an indefinite economic useful life and consequently any charge to the depreciation would be immaterial.They also consider that this accounting policy is necessary for the financial statements to give a true and fair view.The directors will carry our periodic reviews as to the suitability of this policy.

Contribution to Remuneration Trust
Re:96 Village Way Neasden London NW10 0LL
By the deed dated 13th September 2013,the company established a Corporate Capital Trust.During the accounting year the company gifted the above asset to the Trust.No taxation arose to the company as a result of such transaction.

2Tangible fixed assets
£
Cost
At 1 October 2015 1,083,090
Additions -
Disposals (360,000)
Revaluations -
Transfers -
At 30 September 2016 723,090
Depreciation
At 1 October 2015 -
Charge for the year -
On disposals -
At 30 September 2016 -
Net book values
At 30 September 2016 723,090
At 30 September 2015 1,083,090
3Debtors
2016
£
2015
£
Debtors include the following amounts due after more than one year 16,200 0
4Creditors
2016
£
2015
£
Secured Debts 128,599 128,401
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2