Company Registration No. 8763463 (England and Wales)
STONE MOUNTAIN CAPITAL LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
STONE MOUNTAIN CAPITAL LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
STONE MOUNTAIN CAPITAL LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,962
649
Current assets
Debtors
3
1,264
255
Cash at bank and in hand
38,702
199
39,966
454
Creditors: amounts falling due within one year
(11,030)
(30,602)
Net current assets/(liabilities)
28,936
(30,148)
Total assets less current liabilities
31,898
(29,499)
Capital and reserves
Called up share capital
4
100
100
Profit and loss account
31,798
(29,599)
Shareholders'  funds
31,898
(29,499)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 April 2016
Mr Oliver Fochler
Director
Company Registration No. 8763463
STONE MOUNTAIN CAPITAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% Reducing Balance
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
865
Additions
3,300
At 31 March 2016
4,165
Depreciation
At 1 April 2015
216
Charge for the year
987
At 31 March 2016
1,203
Net book value
At 31 March 2016
2,962
At 31 March 2015
649
STONE MOUNTAIN CAPITAL LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Debtors
On the balance sheet date of 31 March 2016 an amount of £481,171 was billed but the revenue in respect of this amount is deferred and is recognised in the financial year to 31 March 2017.
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary share of £1 each
100
100
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