ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

STARKEY 3 LIMITED - Company Information

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REGISTERED NUMBER: 07678585









STARKEY 3 LIMITED

UNAUDITED
ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016























PM+M Solutions for Business LLP
Chartered Accountants
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
PAGE 1
 
STARKEY 3 LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STARKEY 3 LIMITED
FOR THE YEAR ENDED 30 JUNE 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Starkey 3 Limited for the year ended 30 June 2016 which comprise the Profit and loss account, the Statement of total recognised gains and losses, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/
regulations-standards-and-guidance.


This report is made solely to the Board of directors of Starkey 3 Limited, as a body, in accordance with the terms of our engagement letter dated 10 September 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Starkey 3 Limited and state those matters that we have agreed to state to the Board of directors of Starkey 3 Limited, as a body, in this report in accordance with ICAEW Technical release TECH07/16AAF . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Starkey 3 Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Starkey 3 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 Starkey 3 Limited. You consider that Starkey 3 Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Starkey 3 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.





PM+M Solutions for Business LLP
 
Chartered Accountants
  
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB

31 March 2017

PAGE 2
 
STARKEY 3 LIMITED
REGISTERED NUMBER: 07678585


ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
457,567
450,000
 
CURRENT ASSETS





 
Debtors
29,815
-

 
Cash at bank

188
-







 
30,003
-
 
CREDITORS: amounts falling due within one year
(334,009)
(326,850)
 
NET CURRENT LIABILITIES


(304,006)

(326,850)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 153,561

 123,150
  
CAPITAL AND RESERVES

 
Called up share capital
3
2
2
 
Revaluation reserve
370,000
370,000
 
Profit and loss account
(216,441)
(246,852)
 
SHAREHOLDERS' FUNDS
 

 153,561

 123,150


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 June 2016 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.



PAGE 3
 
STARKEY 3 LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 JUNE 2016

The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 31 March 2017.





Mr J R Starkey
Director

The notes on pages 4 to 5 form part of these financial statements.


PAGE 4
 
STARKEY 3 LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements


The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of land and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Cost represents purchase price together with any incidental costs of acquisition.  



2.TANGIBLE FIXED ASSETS



£


Cost or valuation


At 1 July 2015
450,000

Additions
7,567


At 30 June 2016

457,567



Depreciation


At 1 July 2015 and 30 June 2016

-




Net book value


At 30 June 2016
 457,567


At 30 June 2015

 450,000


 

PAGE 5
 
STARKEY 3 LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

3.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



1 Ordinary A share of £1
1
1
1 Ordinary B share of £1
1
1

 2

 2

The "A" Ordinary and "B" Ordinary shares have equal rights in all respects, except that the amount of dividend payable on each class may vary. Dividends payable must be decided by the company in General Meeting.