Mapesbury Capital Partners Limited Small abbreviated accounts

MAPESBURY CAPITAL PARTNERS LIMITED - Company Information

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Company Registration Number 04691764

MAPESBURY CAPITAL PARTNERS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 June 2016

MAPESBURY CAPITAL PARTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT 30 JUNE 2016

		2016		2015
Note		£	£	£	£
FIXED ASSETS	2
Tangible assets			53,544		26,217
Investments			18,000		18,000
			--------		--------
			71,544		44,217

CURRENT ASSETS

Debtors	2,483		7,926
Cash at bank and in hand	9,730		32,856
	--------		--------
	12,213		40,782
CREDITORS: Amounts falling due within one year	( 21,614)		( 52,394)
	--------		--------
NET CURRENT LIABILITIES		( 9,401)		( 11,612)
		--------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES		62,143		32,605
		--------		--------

CAPITAL AND RESERVES

Called up equity share capital	4	2	2
Profit and loss account		62,141	32,603
		--------	--------
SHAREHOLDERS' FUNDS		62,143	32,605
		--------	--------

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

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 31 March 2017 .

O P Garrigue

Company Registration Number: 04691764

MAPESBURY CAPITAL PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30 JUNE 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery-10% straight line method

Fixtures and fittings-10% straight line method

Equipment-10% straight line method

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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. FIXED ASSETS

Tangible Assets	Investments	Total
£	£	£

COST

At 1 July 2015	76,155	18,000	94,155
Additions	37,286	–	37,286
	---------	--------	---------
At 30 June 2016	113,441	18,000	131,441
	---------	--------	---------

DEPRECIATION

At 1 July 2015	49,938	–	49,938
Charge for year	9,959	–	9,959
	--------	----	--------
At 30 June 2016	59,897	–	59,897
	--------	----	--------

NET BOOK VALUE

At 30 June 2016	53,544	18,000	71,544
	--------	--------	--------

At 30 June 2015	26,217	18,000	44,217
	--------	--------	--------

3. TRANSACTIONS WITH THE DIRECTOR

Included within other creditors is the amount of £ 13,292 (2015:£42,059) owing to Mr O Garrigue , the director , in respect of funds introduced into the company.

4. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----