NEALBROOK_ASSOCIATES_LIMI - Accounts

NEALBROOK ASSOCIATES LIMITED - Company Information

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Company Registration No. 02630573 (England and Wales)

NEALBROOK ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

NEALBROOK ASSOCIATES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

NEALBROOK ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

207,691

192,241

Investments

4,340

500

212,031

192,741

Current assets

Debtors

13,079

13,700

Cash at bank and in hand

2,227

387

15,306

14,087

Creditors: amounts falling due within one year

(147,069)

(185,846)

Net current liabilities

(131,763)

(171,759)

Total assets less current liabilities

80,268

20,982

Provisions for liabilities

(3,220)

77,048

20,982

Capital and reserves

Called up share capital

100

Revaluation reserve

16,122

Profit and loss account

60,826

20,882

Shareholders' funds

77,048

20,982

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

Director's 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 director acknowledges his 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 3 April 2017

M.E Venning

Director

Company Registration No. 02630573

NEALBROOK ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include an investment property valued by the Directors on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

20% per annum on the reducing balance method.

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

NEALBROOK ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 August 2015

198,242

15,500

213,742

Additions

3,840

Revaluation

16,122

At 31 July 2016

214,364

19,340

233,704

Depreciation

At 1 August 2015

6,001

15,000

21,001

Charge for the year

672

At 31 July 2016

6,673

15,000

21,673

Net book value

At 31 July 2016

207,691

4,340

212,031

At 31 July 2015

192,241

500

192,741

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Participating interests

London Shanghai Venture Partners Ltd

Wales

Ordinary

50.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

London Shanghai Venture Partners Ltd

Import Export Consultants

(4,751)

(3,331)

Debtors

Debtors include an amount of £2,500 (2015 - £4,500) which is due after more than one year.

NEALBROOK ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

75 A ordinary shares of £1 each

25 B ordinary shares of £1 each

100