ACCOUNTS - Final Accounts

LITTLE PETER STREET MANAGEMENT COMPANY LIMITED - Company Information

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Registered number: 3288789

Little Peter Street Management Company Limited

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2019

Little Peter Street Management Company Limited

Registered number: 3288789

Balance Sheet

As at 31 December 2019

		2019		2018
		£		£


Current assets
Debtors	1		1
Cash at bank and in hand	3,217		2,595
	3,218		2,596
Total assets less current liabilities		3,218		2,596

Net assets		3,218		2,596

Capital and reserves
Called up share capital	4	4
Profit and loss account	3,214	2,592
	3,218	2,596

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S M Capper

Director

Date: 29 April 2020

The notes on page 2 form part of these financial statements.

Page 1

Little Peter Street Management Company Limited

Notes to the Financial Statements

For the Year Ended 31 December 2019

1.	General information

Little Peter Street Management Company Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 10A Little Peter Street, Manchester, M15 4PS. The company's registered number is 03288789.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

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