Poland Street Holdings Limited Accounts

POLAND STREET HOLDINGS LIMITED - Company Information






Poland Street Holdings Limited
	Company No. 03186054
		Abbreviated Accounts
		31 December 2015

at	31 December 2015

Company No.		03186054	Notes	2015	2014
				£	£
Fixed assets

	Tangible assets		2	11,369	15,159

				11,369	15,159
Current assets

	Debtors			22,831	20,981

	Cash at bank and in hand			62,378	86,340
				85,209	107,321
Creditors: Amounts falling due within one year				(776,914)	(848,978)
Net current liabilities				(691,705)	(741,657)
Total assets less current liabilities				(680,336)	(726,498)




Net liabilities				(680,336)	(726,498)

Capital and reserves
	Called up share capital		3	2	2



	Profit and loss account			(680,338)	(726,500)

Shareholder's funds				(680,336)	(726,498)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 December 2015 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 03 March 2016

And signed on its behalf by:

A. Poole
Director
03 March 2016

for the year ended 31 December 2015

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Leasehold land and buildings

25% Reducing balance

Plant and machinery

25% Reducing balance

Leased assets

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a 'finance lease'. Assets held under finance leases, or hire purchase contracts, are recorded in the balance sheet as tangible fixed assets and depreciated over their estimated useful lives or the term of the finance lease or hire purchase contract, whichever is shorter. Future instalments under such finance leases or hire purchase contracts, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as 'operating leases' and the rental charges are charged to the profit and loss account on a straight line basis over the life of the lease.


	Tangible fixed assets	Total
	£	£
Cost or revaluation
At 1 January 2015	1,012,813	1,012,813




At 31 December 2015	1,012,813	1,012,813
Amortisation
At 1 January 2015	997,654	997,654
Charge for the year	3,790	3,790



At 31 December 2015	1,001,444	1,001,444
Net book values
At 31 December 2015	11,369	11,369
At 31 December 2014	15,159	15,159

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary shares	1.00	2	2	2




				2	2