71 Park Street Management Ltd - Accounts to registrar - small 17.1.1

71 Park Street Management Ltd - Accounts to registrar - small 17.1.1

71 PARK STREET MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 02650248 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2016

for

71 Park Street Management Ltd

71 Park Street Management Ltd (Registered number: 02650248)






Contents of the Financial Statements
for the Year Ended 30 September 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


71 Park Street Management Ltd

Company Information
for the Year Ended 30 September 2016







DIRECTORS: W Zinsser
D A Whalen
D Rubin





REGISTERED OFFICE: Upper Feilde,
71 Park Street,
Mayfair,
London
W1K 7HN





REGISTERED NUMBER: 02650248 (England and Wales)





ACCOUNTANTS: Elliotts Shah
Chartered Accountants
Ground Floor, Bury House
31 Bury Street
London
EC3A 5AR
Page 1
71 Park Street Management Ltd (Registered number: 02650248)

Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 26,730 32,640

CURRENT ASSETS
Debtors 4 62,508 133,509
Cash at bank and in hand 256,046 512,160
318,554 645,669
CREDITORS
Amounts falling due within one year 5 146,940 514,900
NET CURRENT ASSETS 171,614 130,769
TOTAL ASSETS LESS CURRENT
LIABILITIES
198,344
163,409

AMOUNTS DUE TO TENANTS (399,867 ) (361,038 )

TENANT DEPOSITS HELD AT BANK 399,867 361,038
NET ASSETS 198,344 163,409

CAPITAL AND RESERVES
Called up share capital 6 13 13
Share premium 5,104 5,104
Retained earnings 193,227 158,292
SHAREHOLDERS' FUNDS 198,344 163,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
71 Park Street Management Ltd (Registered number: 02650248)

Balance Sheet - continued
30 September 2016


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 Board of Directors on 12 June 2017 and were signed on its behalf by:





W Zinsser - Director


The notes form part of these financial statements

Page 3
71 Park Street Management Ltd (Registered number: 02650248)

Notes to the Financial Statements
for the Year Ended 30 September 2016

1. STATUTORY INFORMATION

71 Park Street Management Ltd 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.

The director considers that Pounds Sterling are the company's functional currency. The financial statements are therefore
presented in Pounds Sterling.

This is the first year in which the financial statements have been prepared under FRS102. The date of transition is 1st
October 2014.

The directors are of the opinion there are no material changes in accounting policies in converting from UK GAAP to FRS
102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the term of the lease

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

Other operating income
Other operating income represents licence fees and rental income.

3. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 October 2015
and 30 September 2016 171,380
DEPRECIATION
At 1 October 2015 138,740
Charge for year 5,910
At 30 September 2016 144,650
NET BOOK VALUE
At 30 September 2016 26,730
At 30 September 2015 32,640

Page 4 continued...
71 Park Street Management Ltd (Registered number: 02650248)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Due from Lessees 18,014 91,680
Prepayments 44,494 41,829
62,508 133,509

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Corporation tax 10,211 9,118
Sinking fund 123,106 388,410
Loan notes 1,049 1,049
Accruals and deferred income 12,574 116,323
146,940 514,900

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
13 Ordinary £1 13 13

7. ULTIMATE CONTROLLING PARTY

In the opinion of directors there is no Ultimate Controlling Party.

Page 5