Company Registration No. 07845635 (England and Wales)
THE CORE PARTNERSHIP LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
THE CORE PARTNERSHIP LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
THE CORE PARTNERSHIP LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
225,000
300,000
Tangible assets
2
1,154
-
226,154
300,000
Current assets
Debtors
111,370
102,023
Cash at bank and in hand
89,311
70,014
200,681
172,037
Creditors: amounts falling due within one year
(194,721)
(376,190)
Net current assets/(liabilities)
5,960
(204,153)
Total assets less current liabilities
232,114
95,847
Capital and reserves
Called up share capital
3
1,002
1,002
Profit and loss account
231,112
94,845
Shareholders' funds
232,114
95,847
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 June 2016
Mr J Moores
Director
Company Registration No. 07845635
THE CORE PARTNERSHIP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years. of five years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
375,000
-
375,000
Additions
-
1,732
1,732
At 31 March 2016
375,000
1,732
376,732
Depreciation
At 1 April 2015
75,000
-
75,000
Charge for the year
75,000
578
75,578
At 31 March 2016
150,000
578
150,578
Net book value
At 31 March 2016
225,000
1,154
226,154
At 31 March 2015
300,000
-
300,000
THE CORE PARTNERSHIP LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2
500 A Ordinary Shares of £1 each
500
500
500 B Ordinary Shares of £1 each
500
500
1,002
1,002
4
Transactions with directors
At the balance sheet date an amount of £99,693 (2015:£314,112) was owed to Mr. J Moores, who is a director of the company.
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