| Friar House Limited |
| Registered number: |
07413733 |
| Abbreviated Balance Sheet |
| as at 31 January 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
90,155 |
|
|
90,155 |
|
| Current assets |
| Stocks |
|
|
- |
|
|
8,000 |
| Debtors |
|
|
42,500 |
|
|
34,500 |
| Cash at bank and in hand |
|
|
251 |
|
|
251 |
|
|
|
42,751 |
|
|
42,751 |
|
| Creditors: amounts falling due within one year |
|
|
(133,655) |
|
|
(133,655) |
|
| Net current liabilities |
|
|
|
(90,904) |
|
|
(90,904) |
|
| Total assets less current liabilities |
|
|
|
(749) |
|
|
(749) |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(142,457) |
|
|
(142,457) |
|
|
|
| Net liabilities |
|
|
|
(143,206) |
|
|
(143,206) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
(144,206) |
|
|
(144,206) |
|
| Shareholders' funds |
|
|
|
(143,206) |
|
|
(143,206) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr A Knox |
| Director |
| Approved by the board on 7 July 2017 |
|
| Friar House Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 January 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
101,282 |
|
At 31 January 2016 |
101,282 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
11,127 |
|
At 31 January 2016 |
11,127 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
90,155 |
|
At 31 January 2015 |
90,155 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
| 4 |
Ultimate controlling party |
|
The company is under the control of the two directors who each own 50% of the issued share |
|
capital of the company. |
|
| 5 |
Related party transactions |
|
At the balance sheet date the company owed Mr R Patrick £142,457 (2012 £142,457) |
