IRIS Accounts Production Software 06738623 1.1.15 31.12.15 31.12.15 Company accounts Private Limited Company FY true false true false true false Ordinary 0.01000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 06738623 2014-12-31 06738623 2015-12-31 06738623 2015-01-01 2015-12-31 06738623 2013-12-31 06738623 2014-01-01 2014-12-31 06738623 2014-12-31 06738623 ns12:England 2015-01-01 2015-12-31 06738623 ns14:PoundSterling 2015-01-01 2015-12-31 06738623 ns7:Director1 2015-01-01 2015-12-31 06738623 ns7:OrdinaryShareClass1 2015-01-01 2015-12-31 06738623 ns7:OrdinaryShareClass1 2015-12-31 06738623 ns7:OrdinaryShareClass1 2014-12-31
REGISTERED NUMBER: 06738623 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Blackbay Ventures Limited

Blackbay Ventures Limited (Registered number: 06738623)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Blackbay Ventures Limited (Registered number: 06738623)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £   
CURRENT ASSETS
Debtors 106,980 175,667
Cash at bank 2,029 533
109,009 176,200
CREDITORS
Amounts falling due within one year 402,113 391,350
NET CURRENT LIABILITIES (293,104 ) (215,150 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(293,104

)

(215,150

)

CREDITORS
Amounts falling due after more than one year 1,453,869 1,437,913
NET LIABILITIES (1,746,973 ) (1,653,063 )

CAPITAL AND RESERVES
Called up share capital 2 1 1
Profit and loss account (1,746,974 ) (1,653,064 )
SHAREHOLDERS' FUNDS (1,746,973 ) (1,653,063 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 12 September 2016 and were signed by:





Uday Dhopat - Director


Blackbay Ventures Limited (Registered number: 06738623)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis. The financial statements show that the net current
liabilities exceeded the net current assets. The company is therefore reliant on the support of the Creditors. No adjustment has
been made to reclassify assets and liabilities on the basis that the support from the Creditors will not be withdrawn. The Directors
therefore consider it appropriate to prepare the financial statements on a going concern basis.

Accounting convention and compliance with accounting standards
The financial statements have been prepared under the historical cost convention and in accordance with applicable United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except otherwise stated).

Turnover
Turnover represents net sales of goods and services, excluding value added tax.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
100 Ordinary £0.01 1 1

3. ULTIMATE PARENT COMPANY

At the balance sheet date the company was a subsidiary of another company, Gold Nuts Limited, a company registered in
England and Wales and Gold Nuts Limited was a subsidiary of Budhdeo Holdings Limited, a company registered in Guernsey.