THI City Reach Limited - Period Ending 2016-08-31

Registration number: 07743731

THI City Reach Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Beever and Struthers
Chartered Accountants
St Georges House
215 - 219 Chester Road
Manchester
M15 4JE

THI City Reach Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

THI City Reach Limited
(Registration number: 07743731)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Current assets
Debtors					651,758			26,417
Cash at bank and in hand					156,397			19,986
					808,155			46,403
Creditors: Amounts falling due within one year					(174,473)			(50,750)
Net assets/(liabilities)					633,682			(4,347)
Capital and reserves
Called up share capital		2			100			100
Profit and loss account					633,582			(4,447)
Shareholders' funds/(deficit)					633,682			(4,347)

For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 25 May 2017 and signed on its behalf by:

......................................... Mr G Lewis Director

The notes on pages 2 to 3 form an integral part of these financial statements.
  Page 1

THI City Reach Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 2

THI City Reach Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

3	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr G Lewis
Loan with no set repayment date, interest charged at a commercial rate	258,589	-	-	-
Mr C A Lewis
Loan with no set repayment date, interest charged at a commercial rate	371,042	-	6,641	-

Page 3