Angora (2011) Limited - Accounts to registrar - small 17.1
Angora (2011) Limited - Accounts to registrar - small 17.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| ANGORA (2011) LIMITED |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ANGORA (2011) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 21-23 Croydon Road |
| Caterham |
| Surrey |
| CR3 6PA |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| BALANCE SHEET |
| 31 JULY 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| BALANCE SHEET - continued |
| 31 JULY 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 1. | STATUTORY INFORMATION |
| Angora (2011) Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Other intangible assets |
| This represent capitalised costs in respect to fees and charges incurred in raising additional loan finance for the |
| Group. Assets in this category are amortised over at varying rates. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 |
| AMORTISATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Amounts owed to group undertakings |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Group undertakings | - | 4,098,085 |
| All loans are secured against the company's stock assets and guarantees provided by other companies under |
| common directorship. |
| ANGORA (2011) LIMITED (REGISTERED NUMBER: 07601428) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| Below are a list of products or services provided by the company to related parties and the values of these |
| services which were all undertaken on an arms length basis: |
| Sales: £1,564,300 (2015: £1,870,907) Angora Retail Limited (07716703) |
| During the financial period services to the value of £560,000 (2015: £Nil) were provided by Angora Retail |
| Limited (07716703) to the company by way of management charges. |
| As at the balance sheet date, included in Debtors: Amounts falling due within one year are the following balances |
| due from the respective group undertakings: |
| Trade debtors |
| £2,005,716 (2015: £1,850,714) Angora Retail Limited (07716703) |
| Amounts owed by group undertakings |
| £1,773,175 (2015: £1,363,330) Angora Stores Limited (07735723) |
| £33,541 (2015: £31,925) Angora Retail Limited (07716703) |
| £8,742 (2015: £3,074) Angora IP Limited (07716758) |
| £104,230 (2015: £87,582) Angora IT Limited (0771642). |
| The above loan attracts an interest charge of 5% per annum. |
| As at the balance sheet date, included Creditors: Amounts falling due after more then one year are the following |
| balances due to the respective group undertakings: |
| Amounts owed to group undertakings |
| £4,632,675 (2015: £4,098,105) Lombok Retail Limited (08596002). |
| The above loan attracts an interest charge of 5% per annum. |
| All companies listed above are deemed to be related by virtue of common ownership. |