Festival House Business Centre Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08406189 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 29 February 2016

for

Festival House Business Centre Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J G McCusker

N Howe

REGISTERED OFFICE:

Festival House

39 Oxford Street

Newbury

Berkshire

RG14 1JG

REGISTERED NUMBER:

08406189 (England and Wales)

ACCOUNTANTS:

Webb Teasdale

Elizabeth House

Queen Street

Abingdon

Oxfordshire

OX14 3LN

FIXED ASSETS

Tangible assets

2

1,827

4,303

CURRENT ASSETS

Debtors

15,430

15,787

Cash at bank

806

2,782

16,236

18,569

CREDITORS

Amounts falling due within one year

90,980

17,515

NET CURRENT (LIABILITIES)/ASSETS

(74,744

)

1,054

TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,917

)

5,357

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(73,017

)

5,257

SHAREHOLDERS' FUNDS

(72,917

)

5,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2016 and were signed on its behalf
by:

J G McCusker - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

Over the life of the lease

Plant and machinery

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

6,964

DEPRECIATION

At 1 March 2015

2,661

Charge for year

2,476

At 29 February 2016

5,137

NET BOOK VALUE

At 29 February 2016

1,827

At 28 February 2015

4,303

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100