48 Berkeley Square (Management) Limited Filleted accounts for Companies House (small and micro)

48 BERKELEY SQUARE (MANAGEMENT) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 01637760

48 BERKELEY SQUARE (MANAGEMENT) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2019

48 BERKELEY SQUARE (MANAGEMENT) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2019

Contents	Pages

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3 to 4

48 BERKELEY SQUARE (MANAGEMENT) LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	K L Ord
	G Elliott
	D C Ord

Registered office	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

Accountants	BSG Valentine
	Chartered Accountants
	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

48 BERKELEY SQUARE (MANAGEMENT) LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2019

	2019		2018
Note	£	£	£	£

Fixed assets

Tangible assets	4		28,126		28,126

Current assets

Debtors	5	14,381		17,994

Creditors: amounts falling due within one year	6	( 8,507)		( 5,407)
		--------		--------
Net current assets			5,874		12,587
			--------		--------
Total assets less current liabilities			34,000		40,713
			--------		--------
Net assets			34,000		40,713
			--------		--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	33,900	40,613
	--------	--------
Shareholders funds	34,000	40,713
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 4 October 2019 , and are signed on behalf of the board by:

D C Ord

Director

Company registration number: 01637760

48 BERKELEY SQUARE (MANAGEMENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	Long leasehold property
	£
Cost
At 1 April 2018 and 31 March 2019	28,126
	--------
Depreciation
At 1 April 2018 and 31 March 2019	–
	--------
Carrying amount
At 31 March 2019	28,126
	--------
At 31 March 2018	28,126
	--------

This represents the cost of the company's investment in the leasehold interest at 48 Berkeley Square, London W1. In the directors' opinion the open market value of the leasehold investment property is not materially different from the amount stated in the financial statements.

5. Debtors

	2019	2018
	£	£
Other debtors	14,381	17,994
	--------	--------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	7	7
Other creditors	8,500	5,400
	-------	-------
	8,507	5,407
	-------	-------