Thermonovel Limited - Period Ending 2016-10-31

Registration number: 03261833

Thermonovel Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

ClearTax & Accounting Ltd
The Granary
Yews Farm
Linton Road
Hadstock
CB21 4NU

Thermonovel Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Thermonovel Limited
for the Year Ended 31 October 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Thermonovel Limited for the year ended 31 October 2016 set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Taxation, we are subject to its ethical and other professional requirements which are detailed at www.tax.org.uk.

This report is made solely to the Board of Directors of Thermonovel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Thermonovel Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thermonovel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Thermonovel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Thermonovel Limited. You consider that Thermonovel 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 accounts of Thermonovel 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 accounts.

......................................

ClearTax & Accounting Ltd
The Granary
Yews Farm
Linton Road
Hadstock
CB21 4NU

19 July 2017

Page 1

Thermonovel Limited
(Registration number: 03261833)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Current assets
Cash at bank and in hand					6			24
Creditors: Amounts falling due within one year					(210,264)			(209,746)
Net liabilities					(210,258)			(209,722)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(210,358)			(209,822)
Shareholders' deficit					(210,258)			(209,722)

For the year ending 31 October 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 19 July 2017 and signed on its behalf by:

.........................................
Mrs Charlotte Paqui Pascal Drew
Director

.........................................
Mr Stephen Drew
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Thermonovel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 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).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	Straight Line 15%
Computer equipment	Straight Line 25%

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	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		20,765			20,765
At 31 October 2016		20,765			20,765
Depreciation
At 1 November 2015		20,765			20,765
At 31 October 2016		20,765			20,765
Net book value
At 31 October 2016		-			-
At 31 October 2015		-			-

Page 3

Thermonovel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

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

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mrs Charlotte Paqui Pascal Drew
Interest free loan to the company with no fixed terms, included in other creditors.	104,641	-	104,443	-
Mr Stephen Drew
Interest free loan to the company with no fixed terms, included in other creditors.	104,642	-	104,443	-

Page 4