Punta De La Mona Limited - Dormant company accounts 17.1

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Punta De La Mona Limited

Page

Company Information

1

Report of the Director

2

Balance Sheet and Income Statement

3

Notes to the Financial Statements

4

Certified Accountants' Report

5

DIRECTOR:

S Vedde

SECRETARY:

P B Adams

REGISTERED OFFICE:

Suite 2

Victoria House

South Steet

Farnham

Surrey

GU9 7QU

REGISTERED NUMBER:

03912427

ACCOUNTANTS:

Branston Adams

Suite 2, Victoria House

South Street

Farnham

Surrey

GU9 7QU

The director presents his report with the financial statements of the company for the year ended 31 December 2016.

DIRECTOR

S Vedde held office during the whole of the period from 1 January 2016 to the date of this report.

INTRODUCTION OF THE EURO

The director has considered the potential impact of the introduction of the Euro and is of the opinion that it will

not materially affect the business at this time. The director does however keep the situation under review.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

S Vedde - Director

13 April 2017

FIXED ASSETS

Tangible assets

3

359,711

CREDITORS

Amounts falling due within one year

4

359,709

NET CURRENT LIABILITIES

(359,709

)

(359,709

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2

CAPITAL AND RESERVES

Called up share capital

2

SHAREHOLDERS' FUNDS

2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 April 2017 and were signed by:

S Vedde - Director

Income Statement

for the Year Ended 31 December 2016

During the financial year and the preceding financial year the company has not traded and has received no income and incurred no expenditure. Consequently, during those periods the company has made neither a profit nor a loss.

1.	STATUTORY INFORMATION

Punta De La Mona Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

The director is departing from generally accepted accounting principles, with regard to the depreciation

of freehold property, as he is of the opinion that any depreciation or accumulated depreciation would

be immaterial to the accounts, given the long useful economic life and high residual value of the

property (see note 4 to these accounts).

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2016

and 31 December 2016

359,711

NET BOOK VALUE

At 31 December 2016

359,711

At 31 December 2015

359,711

The freehold is a Spanish residential property. The director is departing from generally accepted

accounting principles, with regard to the depreciation of freehold property, as he is of the opinion that

any depreciation or accumulated depreciation would be immaterial to the accounts, given the long

useful economic life and high residual value of the property.

The directors have undertaken to carry out a programme of maintenance and regular impairment

reviews to ensure that the reported value of the property is not in excess of its actual value.s.

The depreciation adjustment which would be required to bring the accounts into line with generally

accepted accounting principles is not material at this time.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Other creditors

359,709

5.	RELATED PARTY DISCLOSURES

Included within other creditors is an amount of £359,709 due from the company to the director. This

balance arose on the transfer of the property into the company.

6.	CONTROLLING PARTY

The company was controlled by the director throughout the current and proceeding period.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Punta De La Mona Limited for the year ended 31 December 2016 which comprise

the Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Punta De La Mona Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Punta De La Mona Limited and state those matters that we have agreed to state to the director of Punta De La Mona Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Punta De La Mona Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Punta De La Mona Limited. You consider that Punta De La Mona Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Punta De La Mona Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Branston Adams

Suite 2, Victoria House

South Street

Farnham

Surrey

GU9 7QU

Date: .............................................