| Almondbox Property Ltd |
| Registered number: |
09031745 |
| Abbreviated Balance Sheet |
| as at 31 May 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
19,706,645 |
|
|
15,434,737 |
| Debtors |
2 |
|
26,375 |
|
|
787,652 |
| Cash at bank and in hand |
|
|
120,957 |
|
|
540,259 |
|
|
|
19,853,977 |
|
|
16,762,648 |
|
| Creditors: amounts falling due within one year |
|
|
(13,934,483) |
|
|
(12,329,074) |
|
| Net current assets |
|
|
|
5,919,494 |
|
|
4,433,574 |
|
| Total assets less current liabilities |
|
|
|
5,919,494 |
|
|
4,433,574 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(5,918,494) |
|
|
(4,432,574) |
|
|
|
| Net assets |
|
|
|
1,000 |
|
|
1,000 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
|
| Shareholder's funds |
|
|
|
1,000 |
|
|
1,000 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| W Bingham |
| Director |
| Approved by the board on 17 February 2017 |
|
| Almondbox Property Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 May 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. Cost includes all direct expenditure with respect to holding the asset. Interest is included in the cost of the property in accordance with the principles of SSAP 9. |
|
|
Going concern basis of accounting |
|
The financial statements have been prepared on the going concern assumption. |
|
|
The directors consider the going concern basis as apprpriate because in their opinion the Company will continue to obtain the funding to enable it to pay its debts as they fall due. If the Company were unable to obtain this funding, it would be unable to continue trading and adjustments will have to be made to reduce the value of its assets and to provide for further liabilities. |
|
| 2 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
- |
|
370,000 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
19,693,386 |
|
16,531,147 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
