Abbreviated Company Accounts - TIME RETAIL PARTNERS LIMITED

TIME RETAIL PARTNERS LIMITED - Company Information

09404025 TIME RETAIL PARTNERS LIMITED 2016-02-29 false 2015-01-23 2016-02-29 true 09404025 2015-01-23 2016-02-29 09404025 2016-02-29 09404025 uk-gaap-cd-bus:Director1 2015-01-23 2016-02-29 09404025 uk-gaap-cd-bus:Director2 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass3 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass3 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass4 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass4 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass5 2015-01-23 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass5 2016-02-29 iso4217:GBP shares

Registered Number 09404025

TIME RETAIL PARTNERS LIMITED

Abbreviated Accounts

29 February 2016

TIME RETAIL PARTNERS LIMITED Registered Number 09404025

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	27,905
		27,905
Current assets
Debtors		150,808
Cash at bank and in hand		163,863
		314,671
Creditors: amounts falling due within one year		(328,320)
Net current assets (liabilities)		(13,649)
Total assets less current liabilities		14,256
Provisions for liabilities		(3,748)
Total net assets (liabilities)		10,508
Capital and reserves
Called up share capital	3	10,086
Profit and loss account		422
Shareholders' funds		10,508

For the year ending 29 February 2016 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 October 2016

And signed on their behalf by:
Mr N Thompson, Director
Mr R Wingrave, Director

TIME RETAIL PARTNERS LIMITED Registered Number 09404025

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 5 years straight line
Fixtures & Fittings - 15% reducing balance
Computer Equipment - 3 years straight line

2Tangible fixed assets

	£
Cost
Additions	38,230
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	38,230
Depreciation
Charge for the year	10,325
On disposals	-
At 29 February 2016	10,325
Net book values
At 29 February 2016	27,905

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
10,000 Ordinary A shares of £1 each	10,000
40 Ordinary B shares of £1 each	40
28 Ordinary C shares of £1 each	28
14 Ordinary D to J shares of £1 each	14
4 Founder shares of £1 each	4