McCrae Partnership Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04703295 (England and Wales)

Abbreviated Accounts for the Year Ended 31st March 2016

for

McCrae Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A R McCrae

S McCrae

SECRETARY:

A R McCrae

REGISTERED OFFICE:

C/O City

Room 540, 5th Floor

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

04703295 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

2

7,000

8,000

CURRENT ASSETS

Debtors

1,624

2,175

Cash at bank

298

1,246

1,922

3,421

CREDITORS

Amounts falling due within one year

(7,067

)

(9,660

)

NET CURRENT LIABILITIES

(5,145

)

(6,239

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,855

1,761

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,853

1,759

SHAREHOLDERS' FUNDS

1,855

1,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 30th December 2016 and were signed
on its behalf by:

A R McCrae - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

20,000

AMORTISATION

At 1st April 2015

12,000

Amortisation for year

1,000

At 31st March 2016

13,000

NET BOOK VALUE

At 31st March 2016

7,000

At 31st March 2015

8,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary shares of £1 each

£1

2