Cannard Student Lets Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04669791 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Cannard Student Lets Ltd

Trading as

Cheltenham Student Lets

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs C Friedman

SECRETARY:

A L Friedman

REGISTERED OFFICE:

318 High Street

Cheltenham

Gloucestershire

GL50 3JF

REGISTERED NUMBER:

04669791 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Redland House

157 Redland Road

Redland

Bristol

BS6 6YE

FIXED ASSETS

Tangible assets

2

290

350

CURRENT ASSETS

Debtors

72,257

65,362

Cash at bank

65,111

48,868

137,368

114,230

CREDITORS

Amounts falling due within one year

172,284

144,202

NET CURRENT LIABILITIES

(34,916

)

(29,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,626

)

(29,622

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(34,627

)

(29,623

)

SHAREHOLDERS' FUNDS

(34,626

)

(29,622

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 20 December 2016 and were signed by:

Mrs C Friedman - 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.

Fixtures and fittings

-

15% on reducing balance basis

Computer equipment

-

25% on straight line basis

Deferred tax

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

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,688

DEPRECIATION

At 1 April 2015

1,338

Charge for year

60

At 31 March 2016

1,398

NET BOOK VALUE

At 31 March 2016

290

At 31 March 2015

350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1