Party Chateaux Ltd Filleted accounts for Companies House (small and micro)

PARTY CHATEAUX LTD - Company Information

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COMPANY REGISTRATION NUMBER: 11783801

Party Chateaux Ltd

Filleted Unaudited Financial Statements

31 January 2021

Party Chateaux Ltd

Financial Statements

Year ended 31st January 2021

Contents	Page

Officers and professional advisers	1

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Party Chateaux Ltd

Officers and Professional Advisers

Director	Ms N. Lazareff

Registered office	493a Battersea Park Road
	London
	SW11 4LW

Accountants	UHY Hacker Young
	Chartered accountants
	St John's Chambers
	Love Street
	Chester
	Cheshire
	CH1 1QN

Party Chateaux Ltd

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Party Chateaux Ltd

Year ended 31st January 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Party Chateaux Ltd for the year ended 31st January 2021, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Party Chateaux Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of Party Chateaux Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Party Chateaux Ltd and its director for our work or for this report.

It is your duty to ensure that Party Chateaux Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Party Chateaux Ltd. You consider that Party Chateaux Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Party Chateaux Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

UHY Hacker Young Chartered accountants

St John's Chambers Love Street Chester Cheshire CH1 1QN

3 March 2021

Party Chateaux Ltd

Statement of Financial Position

31 January 2021

	2021		2020
Note	£	£	£

Current assets

Debtors	5	14,958		12,217

Creditors: amounts falling due within one year	6	10,637		3,868
		---------		---------
Net current assets			4,321	8,349
			-------	-------
Total assets less current liabilities			4,321	8,349
			-------	-------
Net assets			4,321	8,349
			-------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	4,320	8,348
	-------	-------
Shareholders funds	4,321	8,349
	-------	-------

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 income statement has not been delivered.

For the year ending 31st January 2021 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Party Chateaux Ltd

Statement of Financial Position (continued)

31 January 2021

These financial statements were approved by the board of directors and authorised for issue on 3 March 2021 , and are signed on behalf of the board by:

Ms N. Lazareff
Director

Company registration number: 11783801

Party Chateaux Ltd

Notes to the Financial Statements

Year ended 31st January 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 493a Battersea Park Road, London, SW11 4LW.

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 and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2020: 1 ).

5. Debtors

	2021	2020
	£	£
Other debtors	14,958	12,217
	---------	---------

6. Creditors: amounts falling due within one year

	2021	2020
	£	£
Corporation tax	2,105	2,428
Other creditors	8,532	1,440
	---------	-------
	10,637	3,868
	---------	-------

7. Director's advances, credits and guarantees

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

	2021
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms N. Lazareff	12,217	39,069	( 36,625)	14,661
	---------	---------	---------	---------

	2020
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Ms N. Lazareff	–	12,217	–	12,217
	-------	---------	-------	---------

8. Related party transactions

Ms N Lazareff is the sole shareholder and director had an outstanding balance of £14,661 (2020:£12,217) owed to the company at the year-end. This balance is showing in other debtors. During the year Ms N Lazareff made a few repayments and advances to and from the company. The loans are interest bearing at the official rate and repayable in full by no later than 31st October 2021. Dividends totalling £13,000 (2020:£2,000) were paid to the shareholder during the year. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102.