Accede Land Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—6

Registered number: 05393473

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		646		862

			646		862
CURRENT ASSETS
Debtors	7	90,534		94,531
Cash at bank and in hand		1,139		942

		91,673		95,473
Creditors: Amounts Falling Due Within One Year	8	(98,654 )		(101,501 )

NET CURRENT ASSETS (LIABILITIES)			(6,981 )		(6,028 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,335 )		(5,166 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(32 )		(57 )

NET ASSETS			(6,367 )		(5,223 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and loss account			(6,467 )		(5,323 )

SHAREHOLDERS' FUNDS			(6,367)		(5,223)

Page 1

Accede Land Limited

Balance Sheet (continued)

As at 30 June 2017

For the year ending 30 June 2017 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account

On behalf of the board

Mr Iain MacNaught

30 November 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 July 2015	100	2,202	2,302
Loss for the year and total comprehensive income	-	(7,525 )	(7,525)

As at 30 June 2016 and 1 July 2016	100	(5,323 )	(5,223)


Loss for the year and total comprehensive income	-	(1,144 )	(1,144)

As at 30 June 2017	100	(6,467 )	(6,367)

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% reducing balance

1.3. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	1	1

	1	1

6. Tangible Assets


	Fixtures & Fittings
	£
Cost
As at 1 July 2016	1,620

As at 30 June 2017	1,620

Depreciation
As at 1 July 2016	758
Provided during the period	216

As at 30 June 2017	974

Net Book Value
As at 30 June 2017	646

As at 1 July 2016	862

Page 4

Accede Land Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 June 2017

7. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	89,655	93,386
Corporation tax recoverable assets	879	1,145

	90,534	94,531

8. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
VAT	3,896	3,869
Other creditors	878	1,620
Accruals (Current liabilities - creditors < 1 year)	600	600
Director's loan account	18,349	20,481
Intercompany Creditors (Current liabilities - creditors < 1 year)	74,931	74,931

	98,654	101,501

Included in amounts owed to connected companies is an amount of £74,931 (2016 - £74,931) owed to Parkcroft Developments Ltd, a company incorporated and registerd in the United Kingdom, in which Mr. I . MacNaught is a director.

9. Deferred Taxation

	2017	2016
	£	£
As at 1 July 2016	57	89
Deferred taxation	(24 )	(32 )


Deferred tax	32	57

The provision for deferred taxation is made up of accelerated capital allowances

10. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	100	100	100

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr. I. MacNaught by virtue of his ownership of 100% of the issued share capital in the company.

12. Transition to FRS 102

These are the first financial statements that comply with FRS 102 1A. The company transitioned to FRS 102 1A on 1st July 2015. There were no transitional adjustments required.

Page 5

Accede Land Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 June 2017

13. General Information

Accede Land Limited Registered number 05393473 is a limited by shares company incorporated in England & Wales. The Registered Office is Bentinck House, Bentinck Road, West Drayton, Middesex, UB7 7RQ.