Coleman Street Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08807553 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Coleman Street Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M McClean

REGISTERED OFFICE:

3rd Floor, Solar House

1-9 Romford Road

London

E15 4RG

REGISTERED NUMBER:

08807553 (England and Wales)

BANKERS:

Barclays Bank

7 St John's Hill

Clapham

SW11 1TR

FIXED ASSETS

Tangible assets

4

3,450

10,241

CURRENT ASSETS

Debtors

5

3,600,998

3,600,000

Cash at bank

11,255

-

3,612,253

3,600,000

CREDITORS

Amounts falling due within one year

6

3,615,367

3,809,021

NET CURRENT LIABILITIES

(3,114

)

(209,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

336

(198,780

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

36

(199,080

)

336

(198,780

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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 26 September 2019 and were signed by:

M McClean - Director

1.	STATUTORY INFORMATION

Coleman Street Management Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

36,524

DEPRECIATION

At 1 January 2018

26,283

Charge for year

6,791

At 31 December 2018

33,074

NET BOOK VALUE

At 31 December 2018

3,450

At 31 December 2017

10,241

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

3,600,998

3,600,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

7,000

9,980

Trade creditors

3,600

-

Taxation and social security

4,467

-

Other creditors

3,600,300

3,799,041

3,615,367

3,809,021

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2018

and 31 December 2017:

2018

2017

£

£

M McClean

Balance outstanding at start of year

(12,173

)

(35,000

)

Amounts advanced

214,727

67,043

Amounts repaid

(201,556

)

(44,216

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

998

(12,173

)

8.	RELATED PARTY DISCLOSURES

An amount of £nil (£2017: £93,195) included within creditors relates to amounts due to Coleman Asset

Management Group Limited. The director, Mr M McClean, is also a director of Coleman Asset

Management Group Limited.