Project Beach Holdco Limited - Abbreviated accounts 16.3

Project Beach Holdco Limited - Abbreviated accounts 16.3

PROJECT BEACH HOLDCO LIMITED - Company Information

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REGISTERED NUMBER: 09919458 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 16 DECEMBER 2015 TO 31 DECEMBER 2016

FOR

PROJECT BEACH HOLDCO LIMITED

PROJECT BEACH HOLDCO LIMITED (REGISTERED NUMBER: 09919458)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 16 DECEMBER 2015 TO 31 DECEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

PROJECT BEACH HOLDCO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 16 DECEMBER 2015 TO 31 DECEMBER 2016







DIRECTORS: J D Mitchell
S J Morgan
N Young
Mrs L S Young





SECRETARY:





REGISTERED OFFICE: 49 Berkeley Square
London
W1J 5AZ





REGISTERED NUMBER: 09919458 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB
Page 1
PROJECT BEACH HOLDCO LIMITED (REGISTERED NUMBER: 09919458)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2016

Notes £    £   
FIXED ASSETS
Investments 2 1,000,000

CURRENT ASSETS
Debtors 768,000

CREDITORS
Amounts falling due within one year 1,749,500
NET CURRENT LIABILITIES (981,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,500

CAPITAL AND RESERVES
Called up share capital 3 20,000
Profit and loss account (1,500 )
SHAREHOLDERS' FUNDS 18,500

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

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





N Young - Director


The notes form part of these abbreviated accounts

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PROJECT BEACH HOLDCO LIMITED (REGISTERED NUMBER: 09919458)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 16 DECEMBER 2015 TO 31 DECEMBER 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company's balance sheet is reporting net current liabilities, but as the company's funders have indicated that
they will continue to provide ongoing facilities to the company, the directors have prepared the accounts on the
basis that the company is a going concern.

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).

Fixed asset investments
- Investments in joint ventures

Investments in joint ventures are recognised at cost.

- Loans to joint ventures

Loans to joint ventures are recognised at cost.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
Additions 500,000
At 31 December 2016 500,000
NET BOOK VALUE
At 31 December 2016 500,000
Loans
£   
Additions 500,000
At 31 December 2016 500,000

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
20,000 Ordinary £1 20,000

20,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

Page 3