Gower Ventures Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07927625 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Gower Ventures Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Perera

Mrs E Rees

REGISTERED OFFICE:

Elm House, Tanshire Park

Shackleford Road, Elstead

Godalming

Surrey

GU8 6LB

REGISTERED NUMBER:

07927625 (England and Wales)

ACCOUNTANTS:

Chamberlains Chartered Accountants

Elm House, Tanshire Park

Shackleford Road, Elstead

Godalming

Surrey

GU8 6LB

FIXED ASSETS

Investments

2

1,002

1,167

CURRENT ASSETS

Cash at bank

517

618

CREDITORS

Amounts falling due within one year

4,450

3,423

NET CURRENT LIABILITIES

(3,933

)

(2,805

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,931

)

(1,638

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(3,031

)

(1,738

)

SHAREHOLDERS' FUNDS

(2,931

)

(1,638

)

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

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

The directors acknowledge their 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 Board of Directors on 31 March 2017 and were signed on its behalf by:

M A Perera - 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).

Preparation of consolidated financial statements

The financial statements contain information about Gower Ventures Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Deferred tax

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

sheet date.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2015

1,167

Disposals

(165

)

At 30 June 2016

1,002

NET BOOK VALUE

At 30 June 2016

1,002

At 30 June 2015

1,167

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Old St Labs Limited

Nature of business: Software development

%

Class of shares:

holding

Ordinary

34.64

31.3.16

31.3.15

£

Aggregate capital and reserves

439,634

91,534

Loss for the year

(644,414

)

(392,737

)

Old St Labs Limited's year end is not co-terminous with that of Gower Street Ventures Limited for historical

reasons, but the Directors are investigating arrangements to bring the year-ends into line.

The information given above relating to Old St Labs Limited is for the year ended 31 March 2016 and the year

ended 31 March 2015.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

£1

100

4.

CONTROL

The company is controlled by the directors who own 100% of the called up share capital.