A & J Audhali Enterprises Limited - Accounts to registrar

REGISTERED NUMBER: 06505358 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

A & J AUDHALI ENTERPRISES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Audhali

J A Audhali

SECRETARY:

A A Audhali

REGISTERED OFFICE:

Highdown House

11 Highdown Road

Leamington Spa

Warwickshire

CV31 1XT

REGISTERED NUMBER:

06505358 (England and Wales)

BANKERS:

Lloyds TSB Bank plc

12 Swan Street

Warwick

CV34 4BJ

FIXED ASSETS

Investments

4

100

Investment property

5

1,006,453

1,006,553

CURRENT ASSETS

Debtors

220

-

Cash at bank

93,359

81,342

93,579

81,342

CREDITORS

Amounts falling due within one year

555,189

338,684

NET CURRENT LIABILITIES

(461,610

)

(257,342

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

544,943

749,211

CREDITORS

Amounts falling due after more than one
year

6

140,380

348,816

NET ASSETS

404,563

400,395

CAPITAL AND RESERVES

Called up share capital

8

200

Retained earnings

404,363

400,195

SHAREHOLDERS' FUNDS

404,563

400,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 June 2017 and were signed on its behalf by:

A A Audhali - Director

1.	STATUTORY INFORMATION

A & J Audhali Enterprises Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year.

The company adopted FRS 102 Section 1A "Small Entities" in the current year and both the financial

performance and financial position of the company have remained unchanged as a result of the transition.

The date of transition was 1 February 2015.

At the balance sheet date the company had net current liabilities of £461,610 (2016 - £257,342), and total net

assets of £404,563 (2016 - £400,395). Included in creditors due within one year is a group undertaking loan of

£493,452. The directors and group undertaking have expressed their willingness to support the company as

necessary and along with the forecasted future profitable trade the business is considered a going concern. The

accounts and financial statements have therefore been prepared on a going concern basis.

Preparation of consolidated financial statements

The financial statements contain information about A & J Audhali Enterprises Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 February 2016

and 31 January 2017

100

NET BOOK VALUE

At 31 January 2017

100

At 31 January 2016

100

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2016

and 31 January 2017

1,006,453

NET BOOK VALUE

At 31 January 2017

1,006,453

At 31 January 2016

1,006,453

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

2017

2016

£

Repayable by instalments

Bank loan

48,480

162,716

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

Bank loan

163,355

395,341

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

200

Ordinary

£1

200

9.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in

respect of the financial and operating policies of the company.