BONDBALL_LIMITED - Accounts

BONDBALL LIMITED - Company Information

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Company Registration No. 05391569 (England and Wales)

BONDBALL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BONDBALL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BONDBALL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

4,000,000

Debtors

55,813

4,055,813

Creditors: amounts falling due within one year

(13,906,476)

(13,897,846)

Total assets less current liabilities

(13,906,476)

(9,842,033)

Creditors: amounts falling due after more than one year

(3,996,428)

(13,906,476)

(13,838,461)

Capital and reserves

Called up share capital

750

Profit and loss account

(13,907,226)

(13,839,211)

Shareholders' funds

(13,906,476)

(13,838,461)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 March 2017

Michael Shwartz

Director

Company Registration No. 05391569

BONDBALL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The accounts have not been prepared on a going concern basis.

1.2

Turnover

Turnover represents sale of land and property and option fees receivable.

1.3

Stock

Stock of land and property includes planning advice, environmental consultancy costs and interest on loans used to finance the development, and is stated at a lower of cost and net realisable value which has been estimated by the directors.

1.4

Revenue recognition

Income on disposal of trading stock is recognised on completion.

Share capital

2016

2015

Allotted, called up and fully paid

375 Ordinary 'A' shares of £1 each

375

375 Ordinary 'B' shares of £1 each

375

750