33 Degrees Latitude Limited
|
For the year ended 31 July 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04258454
Abbreviated Balance Sheet
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33 Degrees Latitude Limited
2016
2015
2
102,240
103,804
102,240
103,804
9,569
5,834
5,273
5,524
11,107
15,093
Creditors
:
amounts falling due within one year
|
(115,805)
(109,945)
(100,712)
(98,838)
Net current liabilities
Total assets less current liabilities
|
3,402
3,092
3,402
Net assets
3,092
2
3
2
3,400
3,090
3,402
3,092
Shareholders funds
For the year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 19 April 2017
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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33 Degrees Latitude Limited
For the year ended 31 July 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
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Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Land and Buildings
Plant and Machinery
No depreciation is provided on the company
'
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
|
would be immaterial
.
The directors undertake an annual impairment review of these properties
.
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2 of 3
Notes to the Abbreviated Financial Statements
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33 Degrees Latitude Limited
For the year ended 31 July 2016
138,135
138,135
34,331
1,564
Charge for year
35,895
102,240
103,804
Allotted called up and fully paid
|
2016
2015
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
3 of 3