Hartley Apartments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09166252 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Hartley Apartments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Zamek

REGISTERED OFFICE:

The Office

Inglewood Mansions

289 West End Lane

London

NW6 1RE

REGISTERED NUMBER:

09166252 (England and Wales)

ACCOUNTANTS:

CAAS

Chartered Accountants

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

CURRENT ASSETS

Stocks

2,343,604

CREDITORS

Amounts falling due within one year

2

1,801,605

1,481,622

NET CURRENT ASSETS

541,999

861,982

TOTAL ASSETS LESS CURRENT
LIABILITIES

541,999

861,982

CREDITORS

Amounts falling due after more than one
year

2

932,819

NET LIABILITIES

(390,820

)

(70,837

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(390,821

)

(70,838

)

SHAREHOLDERS' FUNDS

(390,820

)

(70,837

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 18 May 2017 and were signed by:

N Zamek - Director

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).

Going concern

At 31 August 2016, the balance sheet showed a deficit of £390,820 (2015: £70,837). The directors have given an

undertaking to financially support the company for at least 12 months from the date of signature on the Balance

Sheet. The situation will be reviewed after this time. On this basis, the directors consider it appropriate to prepare

the financial statements on the going concern basis.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 accounted for on an undiscounted basis at expected tax rates on all differences arising from the

inclusion of items of income and expenditure in taxation computations in periods different from those in which

they are included in the financial statements. A deferred tax asset is only recognised when it is more likely than

not that the asset will be recoverable in the foreseeable future out of suitable taxable profits from which the

underlying timing differences can be deducted.

2.

CREDITORS

Creditors include an amount of £ 1,086,971 (31.8.15 - £ 793,320 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

£1

1