Chateau De La Combe Ltd - Abbreviated accounts

CHATEAU DE LA COMBE LTD - Company Information

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Registered number

09110419

Chateau De La Combe Ltd

Abbreviated Accounts

31 July 2016

AGK Partners

Chartered Accountants

Chateau De La Combe Ltd							Registered number
							09110419
Abbreviated Balance Sheet
as at 31 July 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		2,492			844

Current assets
Stocks		8,361			6,768
Debtors		2,228			261
Cash at bank and in hand		31,271			1,356
		41,860			8,385

Creditors: amounts falling due within one year		(9,697)			(16,500)

Net current assets/(liabilities)			32,163			(8,115)

Total assets less current liabilities			34,655			(7,271)

Creditors: amounts falling due after more than one year			(63,264)			-


Net liabilities			(28,609)			(7,271)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(28,610)			(7,272)

Shareholder's funds			(28,609)			(7,271)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Approved by the board on 22 April 2017



Mr Y Lopatynskyy
Director

Chateau De La Combe Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% on reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes, provided the amount is material in the context of the Financial Statement as a whole. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Going concern
	These accounts have been prepared on a going concern basis as indicated in note 4.



2	Tangible fixed assets					£

	Cost
	At 1 August 2015					1,125
	Additions					2,479
	At 31 July 2016					3,604

	Depreciation
	At 1 August 2015					281
	Charge for the year					831
	At 31 July 2016					1,112

	Net book value
	At 31 July 2016					2,492
	At 31 July 2015					844


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1


4	Going concern

	As at the balance sheet date, the company had a net liability of £28,609 (2015: £7,271) and a loss for the period of £21,338 (2015: £7,272) . However, on the basis of the financial support available from the company's shareholder, the company will continue in operational existence in the future. The director is of the opinion that the company will generate sufficient funds in the foreseeable future to pay its debts and liabilities as and when they arise.