Stylish Living Limited - Accounts to registrar - small 17.1

Stylish Living Limited - Accounts to registrar - small 17.1

STYLISH LIVING LIMITED - Company Information

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REGISTERED NUMBER: 04473627 (England and Wales)










Financial Statements

for the Year Ended 31 January 2017

for

STYLISH LIVING LIMITED

STYLISH LIVING LIMITED (REGISTERED NUMBER: 04473627)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STYLISH LIVING LIMITED

Company Information
for the Year Ended 31 January 2017







DIRECTOR: N.M Styles





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 04473627 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG
Page 1
STYLISH LIVING LIMITED (REGISTERED NUMBER: 04473627)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 320,756 320,756

CURRENT ASSETS
Debtors 5 - 117,302
Cash at bank 10,835 7,875
10,835 125,177
CREDITORS
Amounts falling due within one year 6 13,115 13,873
NET CURRENT (LIABILITIES)/ASSETS (2,280 ) 111,304
TOTAL ASSETS LESS CURRENT
LIABILITIES
318,476
432,060

CREDITORS
Amounts falling due after more than one year 7 43,668 47,603
NET ASSETS 274,808 384,457

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 9 274,805 384,454
SHAREHOLDERS' FUNDS 274,808 384,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 notes form part of these financial statements

Page 2 continued...
STYLISH LIVING LIMITED (REGISTERED NUMBER: 04473627)

Balance Sheet - continued
31 January 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 April 2017 and were signed by:





N.M Styles - Director


The notes form part of these financial statements

Page 3
STYLISH LIVING LIMITED (REGISTERED NUMBER: 04473627)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Stylish Living Limited is a private company, limited by shares , registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

No material adjustments were needed in the first year of adoption to comply with the new standards.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value
is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted
or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2016
and 31 January 2017 320,756
NET BOOK VALUE
At 31 January 2017 320,756
At 31 January 2016 320,756

Page 4 continued...
STYLISH LIVING LIMITED (REGISTERED NUMBER: 04473627)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Amounts owed by associates - 117,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 1,838 2,251
Other creditors 5,277 5,622
13,115 13,873

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.17 31.1.16
£    £   
Bank loans 43,668 47,603

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.17 31.1.16
£    £   
Bank loans 49,668 53,603

The bank loan is secured on the freehold property owned by the company. It is repayable in instalments and a final payment
on 23rd March 2019.

9. RESERVES
Retained
earnings
£   

At 1 February 2016 384,454
Profit for the year 7,653
Dividends (117,302 )
At 31 January 2017 274,805

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N.M Styles.

The company is 100% owned by Meo Homes Limited.

Page 5