Baltic House Developments Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09721169 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 6 August 2015 to 31 December 2016

for

Baltic House Developments Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr Craig Griffiths

REGISTERED OFFICE:

2nd Floor

Edward Pavilion

Albert Dock

Liverpool

Merseyside

L3 4AF

REGISTERED NUMBER:

09721169 (England and Wales)

ACCOUNTANTS:

LJS Accounting Services Ltd

2nd Floor

Edward Pavilion

Albert Dock

Liverpool

Merseyside

L3 4AF

CURRENT ASSETS

Stocks

2,311,656

Debtors

4,469,430

Cash at bank

38,445

6,819,531

CREDITORS

Amounts falling due within one year

14,133,380

NET CURRENT LIABILITIES

(7,313,849

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,313,849

)

CAPITAL AND RESERVES

Called up share capital

2

100

Retained earnings

(7,313,949

)

SHAREHOLDERS' FUNDS

(7,313,849

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 May 2017 and were signed by:

Mr Craig Griffiths - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100