25_FITZROY_SQUARE_LIMITED - Accounts
25_FITZROY_SQUARE_LIMITED - Accounts
Company Registration No. 04517369 (England and Wales)
FOR THE YEAR ENDED 31 DECEMBER 2015
COMPANY INFORMATION
Director
Secretary
Company number
Registered office
Accountants
CONTENTS
Page
Director's report
1
Statement of total recognised gains and losses
2
Balance sheet
3
Notes to the financial statements
4 - 5
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The director presents his report and unaudited financial statements for the year ended 31 December 2015. The company is dormant and has not traded during the year.
Director
The following director has held office since 1 January 2015:
On behalf of the board
Director
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2015
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
2015
2014
as restated
Notes
£
£
Prior year adjustment
5
(13,563 )
-
Total gains and losses recognised since last financial statements
(13,563 )
-
BALANCE SHEET
AS AT
31 DECEMBER 2015
- 3 -
2015
2014
as restated
Notes
£
£
Current assets
Debtors
3
Total assets less current liabilities
Capital and reserves
Called up share capital
4
Shareholders' funds
Audit exemption statement
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 16 September 2016
Director
Company Registration No. 04517369
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 4 -
1
Accounting policies
1.4
Accounting convention
1.5
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).
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1
Accounting policies
1.7
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).
1.8
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).
1.9
Turnover
3
Debtors
2015
2014
£
£
Other debtors
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 5 -
5
Statement of movements on profit and loss account
Profit and loss
account
account
£
Balance at 1 January 2015 as previously reported
Prior year adjustment
(13,563 )
Balance at 1 January 2015 as restated
-
6
Prior Year Adjustment
It was resolved that the service charge assets and associated liabilities in relation to the maintenance of the property governed by the lease should be held in trust and therefore reported separately from the statutory company accounts.
On this basis, a prior year adjustment has been made to strip out the amounts which relate to the service charge fund, as a result:
- Current assets due within one year amounting to £64,645 have been transferred to give a balance brought forward at 1 January 2015 of £100;
- Creditors due within one year have been reduced from £50,982 brought forward at 1 January 2015 to £nil; and
- Reserves account brought forward as at 1 January 2015 of £13,563 have also been reduced to £nil.