21 Barnsbury Street Management Limited - Period Ending 2014-12-31

Registration number: 01836386

21 Barnsbury Street Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ

21 Barnsbury Street Management Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
21 Barnsbury Street Management Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 21 Barnsbury Street Management Limited for the year ended 31 December 2014 set out on pages 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.

This report is made solely to the Board of Directors of 21 Barnsbury Street Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 21 Barnsbury Street Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 21 Barnsbury Street Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 21 Barnsbury Street Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 21 Barnsbury Street Management Limited. You consider that 21 Barnsbury Street Management Limited 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 accounts of 21 Barnsbury Street Management Limited. 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 accounts.

......................................

MKL Accountants Limited
Chartered Certified Accountants
Herston Cross House
230 High Street
Swanage
Dorset
BH19 2PQ

22 September 2015

Page 1

21 Barnsbury Street Management Limited
(Registration number: 01836386)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,620			1,620
Current assets
Cash at bank and in hand					949			259
Creditors: Amounts falling due within one year					(68)			(67)
Net current assets					881			192
Net assets					2,501			1,812
Capital and reserves
Called up share capital		3			25			25
Share premium account					975			975
Profit and loss account					1,501			812
Shareholders' funds					2,501			1,812

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 September 2015 and signed on its behalf by:

.........................................
Mrs Julia Sharon Mazrani
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

21 Barnsbury Street Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts received from the property owners

Depreciation

The directors are of the opinion that the value of the freehold property is not less that the cost paid

Asset class	Depreciation method and rate
Freehold property	Stated at cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		1,620			1,620
At 31 December 2014		1,620			1,620
Depreciation
At 31 December 2014		-			-
Net book value
At 31 December 2014		1,620			1,620
At 31 December 2013		1,620			1,620

Page 3

21 Barnsbury Street Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £10.00 each		2			20			2			20
Ordinary of £5.00 each		1			5			1			5
		3			25			3			25

4

Control

The company is controlled by the owners of the property.

Page 4