46 DE BEAUVOIR CRESCENT LIMITED 28/02/2021 iXBRL

46 DE BEAUVOIR CRESCENT LIMITED 28/02/2021 iXBRL

46 DE BEAUVOIR CRESCENT LIMITED - Company Information

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Company registration number: 07533529
46 DE BEAUVOIR CRESCENT LIMITED
Unaudited filleted abridged financial statements
28 February 2021
46 DE BEAUVOIR CRESCENT LIMITED
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
46 DE BEAUVOIR CRESCENT LIMITED
Directors and other information
Directors
Mr Edward Armstrong
Mr Vincent Scavera
Ms Felicity Sutherland-Oliver
Mr Calum Mackay
Company number 07533529
Registered office Apartment 1
46 De Beauvoir Crescent
London
N1 5RY
Business address Apartment 1
46 De Beauvoir Crescent
London
NI 5RY
Accountants Bradbury Sell
2 Beverley Court
26 Elmtree Road
Teddington
Middlesex
TW11 8ST
46 DE BEAUVOIR CRESCENT LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of 46 DE BEAUVOIR CRESCENT LIMITED
Year ended 28 February 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 46 DE BEAUVOIR CRESCENT LIMITED for the year ended 28 February 2021 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
Bradbury Sell
Chartered Certified Accountants
2 Beverley Court
26 Elmtree Road
Teddington
Middlesex
TW11 8ST
30 November 2021
46 DE BEAUVOIR CRESCENT LIMITED
Abridged statement of financial position
28 February 2021
2021 2020
Note £ £ £ £
Current assets
Debtors 14 10
Cash at bank and in hand 20,746 13,157
_______ _______
20,760 13,167
Creditors: amounts falling due
within one year ( 2,709) ( 1,648)
_______ _______
Net current assets 18,051 11,519
_______ _______
Total assets less current liabilities 18,051 11,519
_______ _______
Net assets 18,051 11,519
_______ _______
Capital and reserves
Called up share capital 10 10
Profit and loss account 18,041 11,509
_______ _______
Shareholders funds 18,051 11,519
_______ _______
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 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 income and retained earnings has not been delivered.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 28 February 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 30 November 2021 , and are signed on behalf of the board by:
Ms Felicity Sutherland-Oliver
Director
Company registration number: 07533529
46 DE BEAUVOIR CRESCENT LIMITED
Notes to the financial statements
Year ended 28 February 2021
1. General information
The company is a private company limited by shares, registered in UK. The address of the registered office is Apartment 1, 46 De Beauvoir Crescent, London, N1 5RY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
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.
Going concern
As with most businesses we have been impacted by Covid-19. This has had an impact on our operations, customers, suppliers and staff. We have (where appropriate) utilised the grants and benefits available from the Government and are taking all the steps we can to protect the future of our business.The directors have taken the following steps to mitigate the risk of Covid 19:- Increased monitoring of cash flows- Reviewed availability of credit facilitiesThe directors have also considered the effect of Brexit on the business and, as most sales are UK based, do not feel that there will be any major implications for the company. Although the total impact of Covid-19 and Brexit are uncertain, the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
10 4 14
_______ _______ _______
2020
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
- - -
_______ _______ _______