Abbreviated Company Accounts - BEAUMONT NATHAN FINE ART LIMITED

Abbreviated Company Accounts - BEAUMONT NATHAN FINE ART LIMITED

BEAUMONT NATHAN FINE ART LIMITED - Company Information

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Registered Number 08632999

BEAUMONT NATHAN FINE ART LIMITED

Abbreviated Accounts

31 August 2016

BEAUMONT NATHAN FINE ART LIMITED Registered Number 08632999

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 19,759 23,091
Investments 3 1 1
19,760 23,092
Current assets
Debtors 172,380 68,189
Cash at bank and in hand 764,950 599,048
937,330 667,237
Creditors: amounts falling due within one year (928,720) (497,938)
Net current assets (liabilities) 8,610 169,299
Total assets less current liabilities 28,370 192,391
Total net assets (liabilities) 28,370 192,391
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,270 192,291
Shareholders' funds 28,370 192,391
  • For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 February 2017

And signed on their behalf by:
Wentworth Beaumont, Director

BEAUMONT NATHAN FINE ART LIMITED Registered Number 08632999

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Office equipment 25% straight line

2Tangible fixed assets
£
Cost
At 1 September 2015 53,543
Additions 9,221
Disposals -
Revaluations -
Transfers -
At 31 August 2016 62,764
Depreciation
At 1 September 2015 30,452
Charge for the year 12,553
On disposals -
At 31 August 2016 43,005
Net book values
At 31 August 2016 19,759
At 31 August 2015 23,091

3Fixed assets Investments
Beaumont Nathan Art Advisory Limited, incorporated in England, is a 100% subsidiary or Beaumont Nathan Fine Art Limited.