Company Registration No. 01089063 (England and Wales)
CHRISTIAN ADAM LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016
CHRISTIAN ADAM LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
CHRISTIAN ADAM LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
Current assets
Debtors
324
324
Cash at bank and in hand
197
197
521
521
Creditors: amounts falling due within one year
(695)
(695)
Total assets less current liabilities
(174)
(174)
Capital and reserves
Called up share capital
2
2,000
2,000
Profit and loss account
(2,174)
(2,174)
Shareholders' funds
(174)
(174)
Audit exemption statement
For the financial year ended 31 October 2016 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 Companies Act 2006 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 and authorised for issue on 15 February 2017
Mr P Ilic
Director
Company Registration No. 01089063
CHRISTIAN ADAM LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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
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
The company was dormant and has not traded during the year.
1.4
The director acknowledges that the company is in a net liabilities position at the balance sheet date. With ongoing support of the company's parent company, the director considers it appropriate to prepare the accounts under the going concern basis.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2,000 Ordinary of £1 each
2,000
2,000
3
Related party relationships and transactions
During the year the company made the following related party transactions:
Hermvale Limited
(Parent Company)
In recent years Christian Adam Limited have paid expenses on behalf of Hermvale Limited. These amounts are still outstanding. A loan was held with Hermvale Limited in the year. The loan is interest free, unsecured and there are no repayment terms. At the balance sheet date the amount due from Hermvale Limited was £324 (2015 - £324).
Mr D A McDonagh
(Ex Director)
Included within creditors is an interest free loan from Mr D A McDonagh, an ex director to the company. The loan is unsecured and there are no terms of repayment. At the balance sheet date the amount due from Mr D A McDonagh was £324 - (2015 - £324).