Halcyon living 11 Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09392024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

FOR

HALCYON LIVING 11 LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

N Pradhan

Z Pradhan

REGISTERED OFFICE:

No15, 1st Floor,

Princeton Mews

167-169 London Road

Kingston on Thames

Surrey

KT2 6PT

REGISTERED NUMBER:

09392024 (England and Wales)

ACCOUNTANTS:

McAk & CO

Accountants

No15, 1st Floor,

Princeton Mews,

167-169 London Road,

Kingston Upon Thames

Surrey

KT2 6PT

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

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

financial statements of Halcyon living 11 Limited for the year ended 30 June 2017 which comprise the Profit and Loss

Account, the 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 Institute of Financial Accountants (IFA), we are subject to its ethical and other

professional requirements which are detailed at http://www.ifa.org.uk.

This report is made solely to the Board of Directors of Halcyon Living 11 Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Halcyon Living 11 Limited and state those matters that we have agreed to state to the Board of Directors of Halcyon

Living 11 Limited, as a body, in this report in accordance with the requirements of IFA as detailed

http://www.ifa.org.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other

than Halcyon Living 11 Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Halcyon Living 11 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 Halcyon Living

11 Limited. You consider that Halcyon 11 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 Halcyon Living 11 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.

McAk & CO

Accountants

No15, 1st Floor,

Princeton Mews,

167-169 London Road,

Kingston Upon Thames

Surrey

KT2 6PT

19 March 2018

FIXED ASSETS

Intangible assets

4

7,200

9,600

Tangible assets

5

645,171

650,222

652,371

659,822

CURRENT ASSETS

Debtors

6

251,721

223,899

Cash at bank and in hand

104,538

156,886

356,259

380,785

CREDITORS

Amounts falling due within one year

7

(128,338

)

(232,340

)

NET CURRENT ASSETS

227,921

148,445

TOTAL ASSETS LESS CURRENT LIABILITIES

880,292

808,267

CREDITORS

Amounts falling due after more than one year

8

(687,750

)

(724,909

)

NET ASSETS

192,542

83,358

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

191,542

82,358

SHAREHOLDERS' FUNDS

192,542

83,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 March 2018 and were signed on its behalf by:

N Pradhan - Director

1.	STATUTORY INFORMATION

Halcyon living 11 Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost and Over the remaining term of the lease

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

12,000

AMORTISATION

At 1 July 2016

2,400

Charge for year

2,400

At 30 June 2017

4,800

NET BOOK VALUE

At 30 June 2017

7,200

At 30 June 2016

9,600

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2016

608,807

63,435

672,242

Additions

-

17,240

17,240

At 30 June 2017

608,807

80,675

689,482

DEPRECIATION

At 1 July 2016

6,161

15,859

22,020

Charge for year

6,088

16,203

22,291

At 30 June 2017

12,249

32,062

44,311

NET BOOK VALUE

At 30 June 2017

596,558

48,613

645,171

At 30 June 2016

602,646

47,576

650,222

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

16,617

38,392

Amounts owed by group undertakings

230,604

-

Other debtors

4,500

185,507

251,721

223,899

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

740

-

Trade creditors

16,376

22,871

Taxation and social security

35,394

58,110

Other creditors

75,828

151,359

128,338

232,340

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans

687,750

724,909

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

443,390

480,549

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2017 and the period

ended 30 June 2016:

30.6.17

30.6.16

£

£

A Pradhan

Balance outstanding at start of year

178,160

-

Amounts advanced

-

178,160

Amounts repaid

(178,160

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

178,160

The amount advanced to the director was repaid on 1 September,2016.