The Mitcham Partnership 2 Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08659731 (England and Wales)

The Mitcham Partnership 2 Limited

Abbreviated Unaudited Accounts

For The Period 21 August 2013 to 31 August 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr H Lavers

Mr L Haldron

Mr J Tibbs

Mr S O' Dell

REGISTERED OFFICE:

3 Butchers Close

Alconbury Weston

Huntingdon

Cambridgeshire

PE28 4JE

REGISTERED NUMBER:

08659731 (England and Wales)

ACCOUNTANTS:

Streets ISA Limited

Building 15

Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

CURRENT ASSETS

Stocks

429,747

Debtors

82,492

512,239

CREDITORS

Amounts falling due within one year

(31,732

)

NET CURRENT ASSETS

480,507

TOTAL ASSETS LESS CURRENT LIABILITIES

480,507

CREDITORS

Amounts falling due after more than one year

2

(482,945

)

NET LIABILITIES

(2,438

)

RESERVES

Profit and loss account

(2,438

)

(2,438

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 May 2015 and were signed on its behalf by:

Mr S O' Dell - Director

Mr H Lavers - Director

Mr L Haldron - Director

Mr J Tibbs - 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).

The financial statements have been prepared on the going concern basis. The directors believe that this is

applicable as the company is able to meet all of its day to day working capital requirements using a loan from a

parent company. The company has confirmed that they will not seek repayment of the loan until the company

has become profitable.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.

CREDITORS

Creditors include an amount of £ 482,945 for which security has been given.