Company Registration No. 07790712 (England and Wales)
NATHAN SPITZER LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
NATHAN SPITZER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
NATHAN SPITZER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
400
400
Current assets
Debtors
303,580
95,002
Cash at bank and in hand
63,711
134,302
367,291
229,304
Creditors: amounts falling due within one year
(32,681)
(19,420)
Net current assets
334,610
209,884
Total assets less current liabilities
335,010
210,284
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
335,008
210,282
Shareholders' funds
335,010
210,284
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 June 2017
Mr N Spitzer
Director
Company Registration No. 07790712
NATHAN SPITZER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Investments
£
Cost
At 1 October 2015 & at 30 September 2016
400
At 30 September 2015
400
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
Alliance Managing Agents Limited
England & Wales
Ordinary
33.33
Odessa Waterside Limited
England & Wales
Ordinary
33.33
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Alliance Managing Agents Limited
Property Management
168,668
226,881
Odessa Waterside Limited
Property Maintenance
72,899
70,204
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
NATHAN SPITZER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Loan
-
-
90,000
-
90,000
-
90,000
-
-
90,000
The above loan was repaid in full on 30 June 2017.