REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2016 |
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for |
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Balltron Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 August 2016 |
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for |
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Balltron Limited |
Balltron Limited (Registered number: 03827183) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Certified Accountants' Report | 6 |
Balltron Limited |
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Company Information |
for the Year Ended 31 August 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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Balltron Limited (Registered number: 03827183) |
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Abbreviated Balance Sheet |
31 August 2016 |
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31.8.16 | 31.8.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than
one year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Balltron Limited (Registered number: 03827183) |
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Abbreviated Balance Sheet - continued |
31 August 2016 |
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The financial statements were approved by the director on
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Balltron Limited (Registered number: 03827183) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents the value of services provided under contracts to the extent that there is a right |
to consideration and is recorded at the value of the consideration due. Where a contract has only |
been partially completed at the balance sheet date turnover represents the value of the service |
provided to date based on a proportion of the total expected consideration at completion. Where |
payments are received from customers in advance of services provided, the amounts are recorded |
as Deferred Income and included as part of Creditors due within one year. |
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Tangible fixed assets |
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Deferred tax |
Deferred taxation is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date where transactions or events have occurred at that date that will |
result in an obligation to pay more, or right to pay less or to receive more, tax, with the following |
exceptions: |
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of |
all evidence, it can be regarded as likely that there will be suitable taxable profits from which the |
future reversal of the underlying timing differences can be deducted. |
Deferred tax is measured on a undiscounted basis, at the tax rates that are expected to apply in the |
periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
enacted at the balance sheet date. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving |
at the operating result. |
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Going concern |
The accounts have been drawn up on a going concern basis. Of the company's liabilities, £3,740 is |
owed to A V Schneeberger a director and shareholder of the company. A V Schneeberger has agreed |
not to demand repayment of this amount for at least one year after the balance sheet signing date. |
In addition there are other creditors amounting to £35,628, who have also agreed not to demand |
full repayment of monies owed to them for at least one year after the balance sheet signing date. |
The company shareholders and directors have also agreed to offer their continued support to the |
company. |
If the going concern basis were not appropriate, adjustments would have to be made to reduce the |
value of assets to their recoverable amount to provide for any further liabilities that might arise and |
to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
Balltron Limited (Registered number: 03827183) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2016 |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 September 2015 |
and 31 August 2016 | 5 |
NET BOOK VALUE |
At 31 August 2016 |
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At 31 August 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Country of incorporation: South Africa |
Nature of business:
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Class of shares: | holding |
Ordinary | 50.00 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.16 | 31.8.15 |
value: | £ | £ |
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Ordinary | 1.00 |
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Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Balltron Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages |
two to five) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Balltron Limited for the year ended 31 August 2016 which comprise |
the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Balltron Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Balltron Limited and state those matters that we have agreed to state to the director of Balltron Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Balltron Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Balltron Limited. You consider that Balltron Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Balltron Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
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30 May 2017 |