Coombe House Developments Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07669935 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 14 DECEMBER 2016

FOR

COOMBE HOUSE DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Goldstein

S Savva

REGISTERED OFFICE:

c/o React Business Services

23 Austin Friars

London

EC2N 2QP

REGISTERED NUMBER:

07669935 (England and Wales)

CURRENT ASSETS

Stocks

2,472,185

Debtors

693

2,472,878

CREDITORS

Amounts falling due within one year

452,289

470,492

NET CURRENT ASSETS

2,020,589

2,002,386

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,020,589

2,002,386

CREDITORS

Amounts falling due after more than one
year

2

2,098,918

NET LIABILITIES

(78,329

)

(96,532

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(78,331

)

(96,534

)

SHAREHOLDERS' FUNDS

(78,329

)

(96,532

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 December 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 25 July 2017 and were signed on its behalf by:

S Savva - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. At the balance sheet date the company's

liabilities exceeded its assets by £78,329. In the opinion of the director the company has the support of its

creditors and financiers for the foreseeable future, and will continue to be able to meet its obligations, and it is

therefore considered appropriate to adopt the going concern policy.

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).

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 recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.

CREDITORS

Creditors include an amount of £ 2,098,918 (14.12.15 - £ 2,098,918 ) for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

14.12.16

14.12.15

value:

£

2

ordinary

1

2