MBS Property Consultants Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09089379 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th June 2016

for

MBS Property Consultants Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Barclay Smith

SECRETARY:

REGISTERED OFFICE:

91A BRONDESBURY VILLAS

LONDON

NW6 6AG

REGISTERED NUMBER:

09089379 (England and Wales)

ACCOUNTANTS:

Ratnam & Co

203 Kilburn High Road

London

NW67HY

FIXED ASSETS

Tangible assets

2

2,105

2,306

CURRENT ASSETS

Cash at bank and in hand

9,338

2,363

CREDITORS

Amounts falling due within one year

5,572

2,777

NET CURRENT ASSETS/(LIABILITIES)

3,766

(414

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,871

1,892

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

4,871

892

SHAREHOLDERS' FUNDS

5,871

1,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28th March 2017 and were signed by:

M Barclay Smith - 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.

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

3,075

Additions

500

At 30th June 2016

3,575

DEPRECIATION

At 1st July 2015

769

Charge for year

701

At 30th June 2016

1,470

NET BOOK VALUE

At 30th June 2016

2,105

At 30th June 2015

2,306

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000