Abbreviated Company Accounts - HAWKSDALE LIMITED
Abbreviated Company Accounts - HAWKSDALE LIMITED
Registered Number 03400955
HAWKSDALE LIMITED
Abbreviated Accounts
30 June 2016
HAWKSDALE LIMITED Registered Number 03400955
Abbreviated Balance Sheet as at 30 June 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Current assets | |||
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 2 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 30 June 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
And signed on their behalf by:
HAWKSDALE LIMITED Registered Number 03400955
Notes to the Abbreviated Accounts for the period ended 30 June 2016
1Accounting Policies
Basis of measurement and preparation of accounts
accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
GOING CONCERN
The company is insolvent as its total liabilities exceeded its total assets by £414,162. Included
in Creditors falling due within one year are amounts totalling £210,409 due to the directors who
have given assurance that they will not be seeking repayment of this liability for the foreseeable
future and that they will provide the necessary ongoing financial support in order that the
company can continue to trade. On this basis, the directors have prepared the financial
statements on the going concern basis.