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209 NEW KINGS ROAD MANAGEMENT LIMITED
REGISTERED NUMBER: 01190962
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ABBREVIATED BALANCE SHEET
AS AT 31 MARCH 2016
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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Income and expenditure account
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The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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Prof A R Young
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Page 1
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209 NEW KINGS ROAD MANAGEMENT LIMITED
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NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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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 January 2015).
The directors have reviewed the financial position and are confident that the company can continue to operate in the next 12 months, with support from Prof A R Young and the other directors. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover comprises amounts receivable by the company for service charges for the year, exclusive of Value Added Tax and trade discounts.
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Contributions from members/service charges are payable half-yearly in advance in March and September. This income is accounted for on the accruals basis and therefore the unexpired portion is carried forward to the next accounting period.
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2.SHARE CAPITAL
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Allotted, called up and fully paid
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6 Ordinary shares of £25 each
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Page 2
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