ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

BURLEIGH STREET PUBLISHING LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2020-07-312020-07-311false12019-08-01No description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08622998 2019-08-01 2020-07-31 08622998 2018-08-01 2019-07-31 08622998 2020-07-31 08622998 2019-07-31 08622998 c:Director1 2019-08-01 2020-07-31 08622998 d:CurrentFinancialInstruments 2020-07-31 08622998 d:CurrentFinancialInstruments 2019-07-31 08622998 d:CurrentFinancialInstruments d:WithinOneYear 2020-07-31 08622998 d:CurrentFinancialInstruments d:WithinOneYear 2019-07-31 08622998 d:ShareCapital 2020-07-31 08622998 d:ShareCapital 2019-07-31 08622998 d:RetainedEarningsAccumulatedLosses 2020-07-31 08622998 d:RetainedEarningsAccumulatedLosses 2019-07-31 08622998 c:FRS102 2019-08-01 2020-07-31 08622998 c:AuditExempt-NoAccountantsReport 2019-08-01 2020-07-31 08622998 c:FullAccounts 2019-08-01 2020-07-31 08622998 c:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 iso4217:GBP xbrli:pure

Registered number: 08622998









BURLEIGH STREET PUBLISHING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2020
 
BURLEIGH STREET PUBLISHING LIMITED
REGISTERED NUMBER: 08622998

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2020

2020
2019
Note
£
£

  

Current assets
  

Stocks
 5 
3,838
-

Debtors: amounts falling due within one year
 6 
523
-

Cash at bank and in hand
  
14,612
1

  
18,973
1

Creditors: amounts falling due within one year
 7 
(20,000)
-

Net current (liabilities)/assets
  
 
 
(1,027)
 
 
1

Total assets less current liabilities
  
(1,027)
1

  

Net (liabilities)/assets
  
(1,027)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,028)
-

  
(1,027)
1


The director considers 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 director acknowledges his 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 on 9 April 2021.

R Gubbay
Director

Page 1
 
BURLEIGH STREET PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

1.


General information

Burleigh Street Publishing Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is 124 Finchley Road, London, NW3 5JS.

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.

 
2.2

Going concern

The company is showing net liabilities, at the reporting date. In order to continue trading it is dependent on the continued financial support of its sole shareholder and sole director, Mr R Gubbay, who has confirmed his intention to continue to support the company for the foreseeable future.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result in the withdrawal of the aforementioned support.

 
2.3

Functional and presentation currency

The Company's functional and presentational currency is GBP.

 
2.4

Stocks - Book production costs

Stocks comprise costs incurred in the production of books, which are stated at the lower of cost and estimated net realisable value.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from related parties.

Page 2
 
BURLEIGH STREET PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

3.


Judgments in applying accounting policies 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 for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of the estimation means that actual outcomes could differ from those estimates.
Book production costs
 
Book production costs are held as a current asset on the statement of financial position and are amortised over the  expected revenue from the date the book is published. 
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that are due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2019 - 1).


5.


Stocks - Book production costs

2020
2019
£
£

Book production costs
3,838
-



6.


Debtors

2020
2019
£
£


Other debtors
523
-



7.


Creditors: Amounts falling due within one year

2020
2019
£
£

Other creditors
20,000
-


Page 3
 
BURLEIGH STREET PUBLISHING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2020

8.


Related party transactions

At the reporting date, the company owed Mr R Gubbay, £20,000 (2019: £nil), which is included in other creditors. The balance was provided interest free and is repayable on demand. 
There were no further transactions with related parties that are material and have not been conducted under normal market conditions.

 
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