Abbreviated Company Accounts - COMMON PEOPLE LIMITED

COMMON PEOPLE LIMITED - Company Information

03080084 COMMON PEOPLE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 03080084 2015-04-01 2016-03-31 03080084 2016-03-31 03080084 2015-03-31 03080084 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 03080084 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 03080084

COMMON PEOPLE LIMITED

Abbreviated Accounts

31 March 2016

COMMON PEOPLE LIMITED Registered Number 03080084

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		4	4
Fixed assets
Investments	2	1,000	1,000
		1,000	1,000
Current assets
Cash at bank and in hand		798	69
		798	69
Net current assets (liabilities)		798	69
Total assets less current liabilities		1,802	1,073
Total net assets (liabilities)		1,802	1,073
Capital and reserves
Called up share capital	3	4	4
Other reserves		1,000	1,000
Profit and loss account		798	69
Shareholders' funds		1,802	1,073

For the year ending 31 March 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 5 December 2016

And signed on their behalf by:
Catherine Parry, Director

COMMON PEOPLE LIMITED Registered Number 03080084

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Common People Limited is a private company limited by shares. The principle activity of Common People Limited is that of the ownership of the freehold of 8 Lysias Road, London SW12 8BP. The company is also used to administer and maintain the common parts of the property.

Tangible assets depreciation policy
Depreciation has not been provided on the freehold as the directors are of the view that its value will not diminish.

2Fixed assets Investments
Includes the contribution from residents to acquire the freehold interest in the property

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

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4