Neal St. Studio Ltd - Accounts to registrar

REGISTERED NUMBER: 04997218 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

NEAL ST. STUDIO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W P Williams

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

04997218 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

5,677

4,546

Investments

5

50

5,727

4,596

CURRENT ASSETS

Stocks

-

74,958

Debtors

6

341,207

556,370

Cash at bank

1,211,068

1,141,239

1,552,275

1,772,567

CREDITORS

Amounts falling due within one year

7

833,143

788,302

NET CURRENT ASSETS

719,132

984,265

TOTAL ASSETS LESS CURRENT
LIABILITIES

724,859

988,861

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

724,759

988,761

SHAREHOLDERS' FUNDS

724,859

988,861

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 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 18 October 2017 and were signed by:

Mr W P Williams - Director

1.	STATUTORY INFORMATION

Neal St. Studio 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 April 2016

6,988

15,890

22,878

Additions

-

3,023

At 31 March 2017

6,988

18,913

25,901

DEPRECIATION

At 1 April 2016

6,427

11,905

18,332

Charge for year

140

1,752

1,892

At 31 March 2017

6,567

13,657

20,224

NET BOOK VALUE

At 31 March 2017

421

5,256

5,677

At 31 March 2016

561

3,985

4,546

5.	FIXED ASSET INVESTMENTS

Other

investme

£

COST

At 1 April 2016

and 31 March 2017

50

NET BOOK VALUE

At 31 March 2017

50

At 31 March 2016

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

648

-

Amounts owed by group undertakings

340,559

204,910

Other debtors

-

351,460

341,207

556,370

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

-

2,374

Amounts owed to group undertakings

633,564

625,788

Taxation and social security

3,401

1,874

Other creditors

196,178

158,266

833,143

788,302

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At balance sheet date, the company owed the director, Mr W P Williams £201,678 (2016:

£1157,010). This is an interest free loan to the company and is included in other creditors.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

During the year, total dividends of £26,500 (2016 - £28,000) were paid to the director .

At the balance sheet date the company was owed £86,138 by Neal St. Properties LLP (2016:

£86,138).The companies are related parties by virtue of the fact that they are under

common control.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W P Williams.

Neal St. Studio Ltd - Accounts to registrar - small 17.2

Neal St. Studio Ltd - Accounts to registrar - small 17.2