Nicky Calthrop-Owen Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04640219

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Nicky Calthrop-Owen Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs N Calthrop-Owen

SECRETARY:

Regent Street Secretariat Limited

REGISTERED OFFICE:

C/O Actons

20 Regent Street

Nottingham

NG1 5BQ

REGISTERED NUMBER:

04640219

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

371,470

374,984

Cash at bank

51,029

59,430

422,499

434,414

CREDITORS

Amounts falling due within one year

16,712

23,320

NET CURRENT ASSETS

405,787

411,094

TOTAL ASSETS LESS CURRENT LIABILITIES

405,787

411,094

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

405,786

411,093

SHAREHOLDERS' FUNDS

405,787

411,094

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 1 September 2015 and were signed by:

Mrs N Calthrop-Owen - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the company's share of the profits of the partnership Actons Solicitors.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful economic lives as follows:

Goodwill - ten years

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

290,000

AMORTISATION

At 1 April 2014

and 31 March 2015

290,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

Goodwill arose on the purchase of the company's share in Actons Solicitors.

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Share capital 1

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

2015

2014

£

£

Mrs N Calthrop-Owen

Balance outstanding at start of year

60,053

57,222

Amounts advanced

92,470

67,954

Amounts repaid

(69,151

)

(65,123

)

Balance outstanding at end of year

83,372

60,053

The director's loan was repaid within nine months of the year end. Interest was charged on the loan at a rate of

4% per annum to 5 April 2014 and 3.25% per annum thereafter.

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs N Calthrop-Owen.