Archipelago Management Services Limited Filleted accounts for Companies House (small and micro)

ARCHIPELAGO MANAGEMENT SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 06693966

ARCHIPELAGO MANAGEMENT SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2020

ARCHIPELAGO MANAGEMENT SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

ARCHIPELAGO MANAGEMENT SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2020

	2020		2019
Note	£	£	£	£

CURRENT ASSETS

Cash at bank and in hand	2		2

CREDITORS: Amounts falling due within one year	5	99,422		99,422
		--------		--------
NET CURRENT LIABILITIES			99,420		99,420
			--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 99,420)		( 99,420)
			--------		--------
NET LIABILITIES			( 99,420)		( 99,420)
			--------		--------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	( 99,422)	( 99,422)
	--------	--------
SHAREHOLDERS DEFICIT	( 99,420)	( 99,420)
	--------	--------

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 Section 1A of 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 comprehensive income has not been delivered.

The company did not trade during the current year or prior year and has not made either a profit or loss.

For the year ending 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 24 March 2021 , and are signed on behalf of the board by:

Mr J M Pulsford

Director

Company registration number: 06693966

ARCHIPELAGO MANAGEMENT SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2020

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.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.

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.

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:

	Equipment	-	33% straight line

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2019 and 31 March 2020	3,329	3,329
	-------	-------
Depreciation
At 1 April 2019 and 31 March 2020	3,329	3,329
	-------	-------
Carrying amount
At 31 March 2020	–	–
	-------	-------
At 31 March 2019	–	–
	-------	-------

5. Creditors: Amounts falling due within one year

	2020	2019
	£	£
Trade creditors	2,358	2,358
Other creditors	97,064	97,064
	--------	--------
	99,422	99,422
	--------	--------