On The Edge Limited - Abbreviated accounts 16.3
On The Edge Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period |
| 1st March 2015 to 31st August 2016 |
| for |
| ON THE EDGE LIMITED |
| ON THE EDGE LIMITED (REGISTERED NUMBER: 04368048) |
| Contents of the Abbreviated Accounts |
| for the Period 1st March 2015 to 31st August 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ON THE EDGE LIMITED |
| Company Information |
| for the Period 1st March 2015 to 31st August 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ON THE EDGE LIMITED (REGISTERED NUMBER: 04368048) |
| Abbreviated Balance Sheet |
| 31st August 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 2 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
2 |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their 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. |
| ON THE EDGE LIMITED (REGISTERED NUMBER: 04368048) |
| Abbreviated Balance Sheet - continued |
| 31st August 2016 |
| The financial statements were approved by the Board of Directors on |
| ON THE EDGE LIMITED (REGISTERED NUMBER: 04368048) |
| Notes to the Abbreviated Accounts |
| for the Period 1st March 2015 to 31st August 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements 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 income generated from the sale of properties with an appropriate sales value adjustment for |
| properties exchanged but not completed at the financial period end. In addition, turnover includes rental income |
| derived from properties held for sale. |
| Stocks and work in progress |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Stock consists of property and property development expenditure held for resale. Cost is defined as the purchase |
| price plus any other associated expenditure including finance charges attributable to the property or |
| development, together with an appropriate proportion of fixed and variable overheads. |
| Net realisable value is considered to be amounts receivable in respect of the properties held for sale less future |
| estimated costs expected to be incurred prior to sale. |
| Deferred tax |
| Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for |
| taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is |
| made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that it is |
| more likely than not that they will be recovered against taxable profits. |
| 2. | CREDITORS |
| Creditors include an amount of £ |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | ULTIMATE PARENT COMPANY |
| At the balance sheet date, the company's ultimate parent is England and Wales. |