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VISAGE DEVELOPMENTS LIMITED
REGISTERED NUMBER: 02936262
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ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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P.D. Barrett
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Page 1
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VISAGE DEVELOPMENTS LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
1.Accounting policies
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The accounts have been prepared on the basis that the company is a going concern. In the opinion of the directors, this is appropriate as the parent company will continue to fund the activities of the company for the forseeable future. Of the current liabilities of £66,545, £70,547 (2015: £66,678) is owed to the parent company.
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Turnover represents amounts recharged to the parent company, Passfaces Corporation, for expenses incurred during the year.
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Page 2
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VISAGE DEVELOPMENTS LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
2.Share capital
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Allotted, called up and fully paid
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38,669 Ordinary shares of £1 each
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316,000 Preference shares of £1 each
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3.Ultimate parent undertaking and controlling party
The company's ultimate controlling party for the current and proir year is its parent company, Passfaces Corporation, a company incorporated in the USA.
Page 3
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