Bishopsgate Advances Limited Filleted accounts for Companies House (small and micro)

BISHOPSGATE ADVANCES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 5221340

Bishopsgate Advances Limited

Filleted Unaudited Financial Statements

28 August 2019

Bishopsgate Advances Limited

Statement of Financial Position

28 August 2019

	2019	2018
Note	£	£

Fixed assets

Tangible assets	4	340	680

Current assets

Debtors	5	185,267	18,928
Cash at bank and in hand		125,922	265,279
		------------	------------
		311,189	284,207

Creditors: amounts falling due within one year	6	( 4,608)	( 3,922)
		------------	------------
Net current assets		306,581	280,285
		------------	------------
Total assets less current liabilities		306,921	280,965
		------------	------------
Net assets		306,921	280,965
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	306,821	280,865
	------------	------------
Shareholders funds	306,921	280,965
	------------	------------

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 28 August 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bishopsgate Advances Limited

Statement of Financial Position (continued)

28 August 2019

These financial statements were approved by the board of directors and authorised for issue on 31 January 2020 , and are signed on behalf of the board by:

Mr R B Wynne
Director

Company registration number: 5221340

Bishopsgate Advances Limited

Notes to the Financial Statements

Year ended 28 August 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 Flat 3, Deva House, 12/13 The Groves, Chester, Cheshire, CA1 1SD.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Fixtures and fittings
	£
Cost
At 29 August 2018 and 28 August 2019	1,017
	------------
Depreciation
At 29 August 2018	337
Charge for the year	340
	------------
At 28 August 2019	677
	------------
Carrying amount
At 28 August 2019	340
	------------
At 28 August 2018	680
	------------

5. Debtors

	2019	2018
	£	£
Other debtors	185,267	18,928
	------------	------------

6. Creditors: amounts falling due within one year

	2019	2018
	£	£
Other creditors	4,608	3,922
	------------	------------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr R B Wynne	( 2,065)	( 1,223)	( 3,288)
	------------	------------	------------

	2018
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr R B Wynne	( 2,279)	214	( 2,065)
	------------	------------	------------