Newport Street Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09714759 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

3rd August 2015 to 31st August 2016

for

NEWPORT STREET LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S G Abbley

I G Sullivan

REGISTERED OFFICE:

15 Interface Business Park

Bincknoll Lane

Royal Wootton Bassett

Swindon

Wiltshire

SN4 8SY

REGISTERED NUMBER:

09714759 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett LLP

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

CURRENT ASSETS

Stocks

283,362

Debtors

4,224

Cash at bank

20,248

307,834

CREDITORS

Amounts falling due within one year

(304,521

)

NET CURRENT ASSETS

3,313

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,313

CAPITAL AND RESERVES

Called up share capital

2

Profit and loss account

3,311

SHAREHOLDERS' FUNDS

3,313

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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 27th April 2017 and were signed on its behalf by:

S G Abbley - 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).

Stocks

Stock is valued at the lower of cost and net realisable value. Stock cost represents the costs incurred in respect of

the acquisition of land and property. Cost includes all expenditure in respect of an acquisition, including initial

expenditure in assessing the viability of a property transaction, together with costs incurred in bringing the

property to its present condition. Property purchase price will have been determined at the outset with reference

to independent valuations. Where it is likely that the initial speculative costs will not then result in the final

acquisition of the property, those costs are written off to the Profit & Loss account. Net realisable value is based

on estimated selling price less further costs expected to be incurred prior to disposal.

Deferred tax

Deferred taxation is recognised in respect of all timing differences between the treatment of certain items for

taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Full provision is

made without discounting for all deferred tax liabilities. Deferred tax assets are recognised to the extent that it is

more likely than not that the will be recovered against taxable profits.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

2 Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.