REGISTERED NUMBER: 06281506 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2016

for

Ablux Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

R Truss

REGISTERED OFFICE:

445 Kenton Road

Harrow

Middlesex

HA3 0XY

REGISTERED NUMBER:

06281506 (England and Wales)

ACCOUNTANTS:

Key Ledgers

445 Kenton Road

Harrow

London

Middlesex

HA3 0XY

FIXED ASSETS

Investment property

2

405,040

405,040

CURRENT ASSETS

Debtors

3

360,249

303,421

Cash at bank and in hand

9,632

14,734

369,881

318,155

CREDITORS

Amounts falling due within one year

4

27,366

23,011

NET CURRENT ASSETS

342,515

295,144

TOTAL ASSETS LESS CURRENT LIABILITIES

747,555

700,184

CREDITORS

Amounts falling due after more than one year

5

790,000

790,000

NET LIABILITIES

(42,445

)

(89,816

)

CAPITAL AND RESERVES

Called up share capital

7

1

1

Profit and loss account

8

(42,446

)

(89,817

)

SHAREHOLDERS' FUNDS

(42,445

)

(89,816

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 March 2017 and were signed by:

R Truss - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

The financial statements have been drawn up on a going concern basis. The company is

dependant upon the support of it's creditors in order to meet it's working capital

requirements. The directors of the company are confident that support will be provided for a

period which will exceed twelve months from the date of approval of the financial statements.

No adjustments have been made in the accounts which would result from a withdrawal of

support.

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

Investment property

Investment properties are included in the balance sheet at market value as valued by its

director's.

No depreciation is provided in respect of freehold investment properties. Although the

Companies Act 2006 would normally require the systematic annual depreciation of fixed

assets, the directors believe that this policy of not providing depreciation is necessary in

order for the accounts to give a true and fair view, since the current value of investment

properties, and changes in that current value, are of prime importance rather than a

calculation of systematic annual depreciation. Depreciation is only one of the many factors

reflected in the annual valuation, and the amount which might otherwise have been shown

cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2015

and 30 June 2016

405,040

NET BOOK VALUE

At 30 June 2016

405,040

At 30 June 2015

405,040

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

£

Other debtors

312,505

303,421

Directors' current accounts

47,744

-

360,249

303,421

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.16

30.6.15

£

£

Tax

24,366

-

Directors' current accounts

-

21,011

Accrued expenses

3,000

2,000

27,366

23,011

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.16

30.6.15

£

£

Bank loans more 5 yr by instal

790,000

790,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

790,000

790,000

6.	PREFERENCE SHARES

Details of preference shares are as follows:

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

1

Ordinary

£1

1

1

8.

RESERVES

Profit

and loss

account

£

At 1 July 2015

(89,817

)

Profit for the year

47,371

At 30 June 2016

(42,446

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 June 2016 and 30 June 2015:

30.6.16

30.6.15

£

£

R Truss

Balance outstanding at start of year

21,011

21,011

Amounts advanced

(70,754

)

-

Amounts repaid

2,000

-

Balance outstanding at end of year

(47,743

)

21,011

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Truss.

The following reproduces the text of the report prepared for the director and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Profit and Loss Account and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Key Ledgers

445 Kenton Road

Harrow

London

Middlesex

HA3 0XY

31 March 2017