Company Registration No. 07987813 (England and Wales)
CYGNUS A LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
CYGNUS A LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
CYGNUS A LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
350,546
357,700
Current assets
Debtors
-
100
-
100
Creditors: amounts falling due within one year
(2,443)
(1,732)
Net current liabilities
(2,443)
(1,632)
Total assets less current liabilities
348,103
356,068
Capital and reserves
Called up share capital
3
200
100
Revaluation reserve
150,229
157,383
Profit and loss account
197,674
198,585
Shareholders' funds
348,103
356,068
For the financial year ended 31 March 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 member has 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 15 December 2016
Mr K K Kansal
Director
Company Registration No. 07987813
CYGNUS A LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% reducing balance
5
Tangible fixed assets
Land and buildings Freehold
£
Cost or valuation
At 1 April 2015 & at 31 March 2016
374,515
Depreciation
At 1 April 2015
16,815
Charge for the year
7,154
At 31 March 2016
23,969
Net book value
At 31 March 2016
350,546
At 31 March 2015
357,700
CYGNUS A LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary A shares of 1p each
100
100
10,000 Ordinary B shares of 1p each
100
-
200
100