MK Buffet Village Ltd Company Accounts

MK Buffet Village Ltd Company Accounts

MK BUFFET VILLAGE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 9666434
MK Buffet Village Ltd
Unaudited Financial Statements
31 July 2017
MK Buffet Village Ltd
Financial Statements
Year ended 31 July 2017
Contents
Page
Directors' report
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
MK Buffet Village Ltd
Directors' Report
Year ended 31 July 2017
The directors present their report and the unaudited financial statements of the company for the year ended 31 July 2017 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr H.S. Kullar
Mrs A.B. Kullar
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 April 2018 and signed on behalf of the board by:
Mr H.S. Kullar
Director
Registered office:
c/o Vaghela & Co
145 Granville Street
Birmingham
B1 1SB
MK Buffet Village Ltd
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of MK Buffet Village Ltd
Year ended 31 July 2017
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 July 2017, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
VAGHELA & CO. (SERVICES) LTD. Chartered Certified Accountants
P.O. Box 10901 Birmingham B1 1ZQ
30 April 2018
MK Buffet Village Ltd
Statement of Financial Position
31 July 2017
2017
2016
Note
£
£
£
£
Current assets
Debtors
4
240
240
Creditors: amounts falling due within one year
5
140
140
----
----
Net current assets
100
100
----
----
Total assets less current liabilities
100
100
----
----
Capital and reserves
Called up share capital
100
100
----
----
Members funds
100
100
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior period and has not made either a profit or loss.
For the year ending 31 July 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 April 2018 , and are signed on behalf of the board by:
Mr H.S. Kullar
Director
Company registration number: 9666434
MK Buffet Village Ltd
Notes to the Financial Statements
Year ended 31 July 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Vaghela & Co, 145 Granville Street, Birmingham, B1 1SB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 July 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior period and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior period.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Debtors
2017
2016
£
£
Other debtors
240
240
----
----
5. Creditors: amounts falling due within one year
2017
2016
£
£
Other creditors
140
140
----
----
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2017
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr H.S. Kullar
( 70)
–
( 70)
Mrs A.B. Kullar
( 70)
–
( 70)
----
----
----
( 140)
–
( 140)
----
----
----
2016
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr H.S. Kullar
–
( 70)
( 70)
Mrs A.B. Kullar
–
( 70)
( 70)
----
----
----
–
( 140)
( 140)
----
----
----
7. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
8. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015.
No transitional adjustments were required in equity or profit or loss for the period.