SHERATON_ADVISORY_SERVICE - Accounts

SHERATON ADVISORY SERVICES LIMITED - Company Information

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Company Registration No. 08004215 (England and Wales)

SHERATON ADVISORY SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

SHERATON ADVISORY SERVICES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

SHERATON ADVISORY SERVICES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHERATON ADVISORY SERVICES LIMITED FOR THE YEAR ENDED 30 APRIL 2016

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sheraton Advisory Services Limited for the year ended 30 April 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Sheraton Advisory Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Sheraton Advisory Services Limited and state those matters that we have agreed to state to the Board of Directors of Sheraton Advisory Services Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheraton Advisory Services Limited and it's Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Sheraton Advisory Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sheraton Advisory Services Limited. You consider that Sheraton Advisory Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sheraton Advisory Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore and Smalley LLP

Chartered Accountants

Fylde House

Skyways Commercial Campus

Amy Johnson Way

Blackpool

FY4 3RS

4 July 2016

SHERATON ADVISORY SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 2 -

2016

2015

Notes

Fixed assets

Tangible assets

747

Current assets

Debtors

1,375

289

Cash at bank and in hand

73,132

46,293

74,507

46,582

Creditors: amounts falling due within one year

(25,048)

(13,999)

Net current assets

49,459

32,583

Total assets less current liabilities

50,206

32,583

Provisions for liabilities

(149)

50,057

32,583

Capital and reserves

Called up share capital

100

Profit and loss account

49,957

32,483

Shareholders' funds

50,057

32,583

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 4 July 2016

Mr K H Widdicks

Director

Company Registration No. 08004215

SHERATON ADVISORY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Accounting policies

1.1

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).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Straight Line Over 3 Years

1.4

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Fixed assets

Tangible assets

Cost

At 1 May 2015

400

Additions

1,120

Disposals

(400)

At 30 April 2016

1,120

Depreciation

At 1 May 2015

400

On disposals

(400)

Charge for the year

373

At 30 April 2016

373

Net book value

At 30 April 2016

747

SHERATON ADVISORY SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

50 Ordinary A of £1 each

30 Ordinary B of £1 each

10 Ordinary C of £1 each

10 Ordinary D of £1 each

100

During the year 10 Ordinary C shares and 10 Ordinary D shares of £1 each were allotted and fully paid at par for cash consideration.