London City Break Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07818973 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2015 to 31 December 2016

for

London City Break Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

V Chandrababu

SECRETARY:

S Chandrababu

REGISTERED OFFICE:

11 Namton Drive

Thornton Heath

Surrey

CR7 6EP

REGISTERED NUMBER:

07818973 (England and Wales)

ACCOUNTANTS:

Fitzgerald Mithia Springer Limited

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

5

74,010

74,286

CURRENT ASSETS

Stocks

-

3,050

Debtors

6

123,742

41,344

Cash at bank

21,229

2,189

144,971

46,583

CREDITORS

Amounts falling due within one year

7

607,163

535,452

NET CURRENT LIABILITIES

(462,192

)

(488,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(388,182

)

(414,583

)

CREDITORS

Amounts falling due after more than one year

8

173,827

167,680

NET LIABILITIES

(562,009

)

(582,263

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(562,109

)

(582,363

)

SHAREHOLDERS' FUNDS

(562,009

)

(582,263

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 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 10 August 2017 and were signed by:

V Chandrababu - Director

1.	STATUTORY INFORMATION

London City Break 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. These are the company's first set of financial statements prepared in accordance with FRS 102. There were no transition adjustments.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Income is recognised during the year when the company provides goods and services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date where transactions or events that result in an obligation to pay more, or a right to pay less, tax in the

future have occurred at the balance sheet date.

This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will

be suitable profits from which the future reversal of the underlying timing differences can be deducted.

Timing differences are differences arising between the Company's taxable profits and its results as stated in the

financial statements, which are capable of reversal in one or more subsequent periods.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 November 2015

131,901

1,323

133,224

Additions

23,436

959

24,395

At 31 December 2016

155,337

2,282

157,619

DEPRECIATION

At 1 November 2015

58,547

391

58,938

Charge for period

24,198

473

24,671

At 31 December 2016

82,745

864

83,609

NET BOOK VALUE

At 31 December 2016

72,592

1,418

74,010

At 31 October 2015

73,354

932

74,286

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

123,742

41,344

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

25,199

49,134

Taxation and social security

40,377

23,771

Other creditors

541,587

462,547

607,163

535,452

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

173,827

167,680

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years by instalments

63,041

-

9.	RELATED PARTY DISCLOSURES

At 31 December 2016, the amount of £141,287 (2015:Nil) was owed to the directors. This loan is unsecured,

interest free and repayable on demand.