Neals Yard Galleries Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06653500 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Neals Yard Galleries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Andrews

REGISTERED OFFICE:

7A Neal's Yard

London

WC2H 9DP

REGISTERED NUMBER:

06653500 (England and Wales)

ACCOUNTANTS:

John Jenkins & Co

Seal Lodge

Simms Lane

Mortimer

Reading

RG7 2JP

FIXED ASSETS

Tangible assets

2

413

620

CURRENT ASSETS

Debtors

100

32,500

Cash at bank

273,759

164,338

273,859

196,838

CREDITORS

Amounts falling due within one year

38,422

40,397

NET CURRENT ASSETS

235,437

156,441

TOTAL ASSETS LESS CURRENT LIABILITIES

235,850

157,061

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

235,750

156,961

SHAREHOLDERS' FUNDS

235,850

157,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 9 February 2015 and were signed by:

G Andrews - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

827

DEPRECIATION

At 1 August 2013

207

Charge for year

207

At 31 July 2014

414

NET BOOK VALUE

At 31 July 2014

413

At 31 July 2013

620

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

Marazion Estates Limited

A company controlled by R Wort

During the period Marazion Estates invoiced £Nil (2013 £7,200) in respect of administrative and

secretarial services.

Andrews Denton Boyd

A business controlled by Giles Andrews.

During the period Andrews Denton Boyd invoiced £Nil (2013: £20,000) in respect of advisory fees.

Departure Foundation

A Registered Charity of which R Wort is a Trustee.

During the period the company made charitable donations to Departure Foundation of £194,500 (2013:

£5,000)