Abbreviated Company Accounts - MANGO RIVER LIMITED

MANGO RIVER LIMITED - Company Information

Registered Number 09138170

MANGO RIVER LIMITED

Abbreviated Accounts

31 July 2016

MANGO RIVER LIMITED Registered Number 09138170

Abbreviated Balance Sheet as at 31 July 2016

	2016	2015
	£	£
Current assets
Stocks	1,972,432	-
Debtors	100,000	1
Investments	4,446,455	-
Cash at bank and in hand	3,300,960	-
	9,819,847	1
Creditors: amounts falling due within one year	(10,003,600)	-
Net current assets (liabilities)	(183,753)	1
Total assets less current liabilities	(183,753)	1
Total net assets (liabilities)	(183,753)	1
Capital and reserves
Called up share capital	1	1
Profit and loss account	(183,754)	-
Shareholders' funds	(183,753)	1

For the year ending 31 July 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 29 November 2016

And signed on their behalf by:
Byran Baldrey, Director

MANGO RIVER LIMITED Registered Number 09138170

Notes to the Abbreviated Accounts for the period ended 31 July 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 January 2015.

Valuation information and policy
Investments

Current asset investments are at lower of cost and net realisable value.

Stock and work in progress – Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred taxation - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.