Roxylight Project Services (N) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06537318 (England and Wales)

ROXYLIGHT PROJECT SERVICES (NOTTINGHAM)

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D C L Miller

R F Reynolds

N H Brunskill

SECRETARY:

C G Morgan

REGISTERED OFFICE:

50 Aylesbury Road

Aston Clinton

Aylesbury

Buckinghamshire

REGISTERED NUMBER:

06537318 (England and Wales)

FIXED ASSETS

Tangible assets

2

719

959

Investments

3

1

1

720

960

CURRENT ASSETS

Debtors

280,227

205,338

Cash at bank

6,010

-

286,237

205,338

CREDITORS

Amounts falling due within one year

(227,102

)

(127,321

)

NET CURRENT ASSETS

59,135

78,017

TOTAL ASSETS LESS CURRENT LIABILITIES

59,855

78,977

CREDITORS

Amounts falling due after more than one year

(185,000

)

(185,000

)

NET LIABILITIES

(125,145

)

(106,023

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

(126,145

)

(107,023

)

SHAREHOLDERS' FUNDS

(125,145

)

(106,023

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2017 and were signed on its behalf by:

D C L Miller - Director

1.	ACCOUNTING POLICIES

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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

4 years straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Going concern

The company currently has a minimal ongoing working capital requirement due to the nature of its

activities.

In making their assessment of going concern, the directors have taken account of the continuing

financial support pledged by other group and related companies. The directors are confident that the

other group and related companies are able to provide this support and therefore the company

should not require alternative financing in order to continue in business.

The directors have prepared group forecasts which indicate that the company will be able to meet its

liabilities as and when they fall due for payment. These forecasts include expected cash inflows from

the sale of properties held by the group and related companies. If these transactions do not occur

within the expected timeframe then the group and related companies would need to seek alternative

financing in order to continue in business. The directors believe that they have a reasonable

expectation of selling the properties within the required timeframe and as a result have drawn up the

financial statements using the going concern basis of accounting.

Group accounts

The company is exempt from preparing consolidated financial statements on the grounds that taken

together with its subsidiaries, it qualifies as a small group under section 398 of the Companies Act

2006. These financial statements therefore present information about the company as an individual

undertaking and not about its group.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

12,654

DEPRECIATION

At 1 December 2015

11,695

Charge for year

240

At 30 November 2016

11,935

NET BOOK VALUE

At 30 November 2016

719

At 30 November 2015

959

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 December 2015

and 30 November 2016

1

NET BOOK VALUE

At 30 November 2016

1

At 30 November 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Peach Property Management Ltd

Nature of business: Property development

%

Class of shares:

holding

Ordinary £1 shares

100.00

30.11.16

30.11.15

£

£

Aggregate capital and reserves

73,336

54,099

Profit/(loss) for the year

163,767

(46,057

)

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	ULTIMATE PARENT COMPANY

The ultimate parent company is Urban Recovery (UK) Limited by virtue of its 100% shareholding in

the company.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 November 2016 and 30 November 2015:

2016

2015

£

£

D C L Miller

Balance outstanding at start of year

172,100

-

Amounts advanced

73,793

172,100

Amounts repaid

(245,893

)

-

Balance outstanding at end of year

-

172,100

N H Brunskill

Balance outstanding at start of year

17,498

-

Amounts advanced

-

17,498

Amounts repaid

(17,498

)

-

Balance outstanding at end of year

-

17,498