Silver Arrowana Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07239282 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Silver Arrowana Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K M Leung

Ms J Y M Lee

REGISTERED OFFICE:

20a Green Lane

Lower Kingswood

Surrey

KT20 6TB

REGISTERED NUMBER:

07239282 (England and Wales)

ACCOUNTANTS:

ACL & Co

Chartered Certified Accountants

The Coach House

North Building

1 Howard Road

Reigate

Surrey

RH2 7JE

FIXED ASSETS

Intangible assets

4

78,000

82,500

Tangible assets

5

122,650

127,565

200,650

210,065

CURRENT ASSETS

Stocks

2,500

-

Debtors

6

2,557

-

Cash at bank and in hand

15,213

-

20,270

-

CREDITORS

Amounts falling due within one year

7

224,556

108,735

NET CURRENT LIABILITIES

(204,286

)

(108,735

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,636

)

101,330

CREDITORS

Amounts falling due after more than one year

8

66,000

66,000

NET (LIABILITIES)/ASSETS

(69,636

)

35,330

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(69,736

)

35,230

SHAREHOLDERS' FUNDS

(69,636

)

35,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 20 December 2018 and were signed on its behalf by:

K M Leung - Director

1.	STATUTORY INFORMATION

Silver Arrowana Ltd 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 2010, is being amortised evenly over its estimated useful life of twenty 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.

Short leasehold

-

4% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value.

Hire purchase and leasing commitments

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

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

120,000

AMORTISATION

At 1 May 2017

37,500

Charge for year

4,500

At 30 April 2018

42,000

NET BOOK VALUE

At 30 April 2018

78,000

At 30 April 2017

82,500

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 May 2017

and 30 April 2018

127,500

68,054

6,353

DEPRECIATION

At 1 May 2017

15,939

55,387

4,979

Charge for year

1,913

2,375

258

At 30 April 2018

17,852

57,762

5,237

NET BOOK VALUE

At 30 April 2018

109,648

10,292

1,116

At 30 April 2017

111,561

12,667

1,374

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

6,825

782

209,514

DEPRECIATION

At 1 May 2017

5,281

363

81,949

Charge for year

290

79

4,915

At 30 April 2018

5,571

442

86,864

NET BOOK VALUE

At 30 April 2018

1,254

340

122,650

At 30 April 2017

1,544

419

127,565

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

VAT

2,557

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Bank loans and overdrafts

-

10

Payments on account

10,178

-

Other creditors

68,897

82,097

Directors' current accounts

145,131

26,448

Accrued expenses

350

180

224,556

108,735

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.18

30.4.17

£

£

Other loans - 1-2 years

66,000

-

Family loan

-

66,000

66,000

66,000

9.	ULTIMATE CONTROLLING PARTY

The controlling party is K M Leung.