REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SARN ENTERPRISES LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SARN ENTERPRISES LIMITED |
|
ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
|
|
|
SARN ENTERPRISES LIMITED (REGISTERED NUMBER: 04239097) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
SARN ENTERPRISES LIMITED |
|
COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
SARN ENTERPRISES LIMITED (REGISTERED NUMBER: 04239097) |
|
ABBREVIATED BALANCE SHEET |
30 APRIL 2016 |
|
2016 | 2015 |
as |
restated |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investment property | 3 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS/(LIABILITIES) |
|
( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
SARN ENTERPRISES LIMITED (REGISTERED NUMBER: 04239097) |
|
ABBREVIATED BALANCE SHEET - continued |
30 APRIL 2016 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
behalf by: |
|
|
|
|
|
|
|
SARN ENTERPRISES LIMITED (REGISTERED NUMBER: 04239097) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
1. | ACCOUNTING POLICIES |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention in accordance with |
the Financial Reporting Standard for, Smaller Entities (effective January 2015). |
|
Turnover |
Sale of properties are recognised on completion if a legally binding contract has been exchanged. All |
deposits received for pre-sales are held as payments on account and are not recognised until the |
above conditions are satisfied. |
|
Rental and sundry income is recognised in the period to which it relates. |
|
Tangible fixed assets |
|
|
Furniture and equipment | - |
|
|
Investment property |
The company's freehold investment properties are included in the fixed assets at their latest valuation |
plus subsequent additions at cost; surpluses and deficits on valuation are taken to revaluation reserve. |
|
This treatment as regards the company's investment properties may be a departure from the |
requirements of the Companies Act concerning the depreciation of fixed assets. However, these |
properties are not held for consumption but for investment and the director considers that systematic |
annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for |
the financial statements to give a true and fair view. Depreciation or amortisation is only one of many |
factors reflected in the annual valuation and the amount might otherwise have been shown cannot be |
separately identified or qualified. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Going concern |
The use of the going concern basis of accounting is appropriate because there are no material |
uncertainties related to events or conditions that may cast significant doubt about the ability of the |
company to continue as a going concern |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
Additions |
|
At 30 April 2016 |
|
DEPRECIATION |
Charge for period |
|
At 30 April 2016 |
|
NET BOOK VALUE |
At 30 April 2016 |
|
SARN ENTERPRISES LIMITED (REGISTERED NUMBER: 04239097) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE PERIOD 1 JULY 2015 TO 30 APRIL 2016 |
|
|
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 July 2015 |
and 30 April 2016 |
|
NET BOOK VALUE |
At 30 April 2016 |
|
At 30 June 2015 |
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: |
as
restated |
£ | £ |
|
Ordinary shares | £1 |
|
|