Micro Suites Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03968852 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

FOR

MICRO SUITES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T E Slater

REGISTERED OFFICE:

One Gloucester Place

Brighton

BN1 4AA

REGISTERED NUMBER:

03968852 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

CREDITORS

Amounts falling due within one year

3

6,338

5,378

NET CURRENT LIABILITIES

(6,338

)

(5,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,338

)

(5,378

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

88,449

88,449

Retained earnings

(95,787

)

(94,827

)

SHAREHOLDERS' FUNDS

(6,338

)

(5,378

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 3 April 2019 and were signed by:

T E Slater - Director

1.	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.

These financial statements have been prepared on the basis that the company will continue to be a going

concern. If this assumption is not considered valid, then adjustments would need 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 and long term liabilities as current assets and liabilities.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Espalier Developments

(Millendreath) Ltd

5,378

4,418

Accrued expenses

960

960

6,338

5,378

4.	ULTIMATE CONTROLLING PARTY

The controlling party is Espalier Developments(Millendreath) Limited.

The ultimate controlling party is A J Colin.

This was by virtue of the share-for-share exchange that occurred when the company was acquired by Espalier

Developments (Millendreath) Limited.

5.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the

company will continue to be a going concern. During the year, the company made a loss of £960 and as at the

year end the current liabilities exceeded current assets by £5,378.

The validity of this basis depends upon the continued support of the company's director. The director confirms

that he will give the required support.