Panorama Kitchens (Holdings) Limited |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Panorama Kitchens (Holdings) Limited for the year ended 31 December 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Panorama Kitchens (Holdings) Limited for the year ended 31 December 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Panorama Kitchens (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 15 January 2009. Our work has been undertaken solely to prepare for your approval the accounts of Panorama Kitchens (Holdings) Limited and state those matters that we have agreed to state to the Board of Directors of Panorama Kitchens (Holdings) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Panorama Kitchens (Holdings) Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Panorama Kitchens (Holdings) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Panorama Kitchens (Holdings) Limited. You consider that Panorama Kitchens (Holdings) Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Panorama Kitchens (Holdings) 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 abbreviated accounts. |
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David Elliott Associates |
Chartered Accountants |
Manchester Business Park |
3000 Aviator Way |
Manchester |
M22 5TG |
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26 February 2016 |
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Panorama Kitchens (Holdings) Limited
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Registered number: |
04464368
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Abbreviated Balance Sheet |
as at 31 December 2015
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Notes |
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2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
1,100 |
|
|
1,100 |
|
Current assets |
Debtors |
|
|
505,000 |
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|
505,000 |
|
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Net current assets |
|
|
|
505,000 |
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|
505,000 |
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Net assets |
|
|
|
506,100 |
|
|
506,100 |
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|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
1,100 |
|
|
1,100 |
Profit and loss account |
|
|
|
505,000 |
|
|
505,000 |
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Shareholder's funds |
|
|
|
506,100 |
|
|
506,100 |
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|
|
|
|
|
|
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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R S Rotheram |
Director |
Approved by the board on 26 February 2016
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Panorama Kitchens (Holdings) Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts 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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Exemption from preparing consolidated financial statements |
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The financial statements contain information about Panorama Kitchens (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 398 of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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2 |
Investments |
£ |
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|
Cost |
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At 1 January 2015 |
1,100 |
|
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At 31 December 2015 |
1,100 |
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|
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The company holds 20% or more of the share capital of the following companies: |
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Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
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|
Class |
% |
£ |
£ |
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Panorama Furnishing Mart Ltd |
Ordinary |
100 |
|
1,807,100 |
|
440,547 |
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,100 |
|
1,100 |
|
1,100 |
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