Bloomshire Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01613888 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 14 FEBRUARY 2017

FOR

BLOOMSHIRE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Hillman

N Lim

K W Wong

K Komaki

REGISTERED OFFICE:

128 Station Road

Station Road

London

NW4 3SN

REGISTERED NUMBER:

01613888 (England and Wales)

CURRENT ASSETS

Debtors

3

130

2,387

Cash at bank

4,744

3,113

4,874

5,500

CREDITORS

Amounts falling due within one year

4

2,434

249

NET CURRENT ASSETS

2,440

5,251

TOTAL ASSETS LESS CURRENT LIABILITIES

2,440

5,251

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,436

5,247

SHAREHOLDERS' FUNDS

2,440

5,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 14 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 14 February 2017 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 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 15 October 2017 and were signed on its behalf by:

O Hillman - Director

1.	STATUTORY INFORMATION

Bloomshire Ltd "the Company" 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 functional and presentation currency of the financial statements is Pound Sterling (£).

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.

These are the first financial statements the Company has prepared in accordance with Financial

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

Ireland'' (FRS 102) as applied to smaller entities by the adoption of Section 1A of FRS 102. The

financial statements for the year ended 14 February 2016 were prepared in accordance with Financial

Reporting Standard for Smaller Entities (effective January 2015) (FRSSE).

Some of the FRS 102 recognition, measurement, presentation and disclosure requirements and

accounting policy choices differ from the FRSSE. Consequently the directors have amended certain

accounting policies to comply with FRS 102. The directors have also taken advantage of certain

exemptions from the requirements of FRS 102 permitted by FRS 102 Chapter 35 ''Transition to FRS''.

There are no changes in the prior period on transition to FRS 102 as the directors consider them to be

immaterial to financial statements.

Turnover

Turnover represents amounts received from residents by way of contributions towards expenses.

Financial instruments

FINANCIAL ASSETS

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and

which do not constitute a financing transaction are initially measured at the transaction price and

subsequently measured at amortised cost, being the transaction price less any amounts settled and

any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the

amounts due will not be collected according to the original terms of the contract. Impairment losses

are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present

value of the future cash flows discounted using the original effective interest rate. Subsequent

reversals of an impairment loss that objectively relate to an event occurring after the impairment loss

was recognised, are recognised immediately in profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a

financing transaction are initially measured at the transaction price and subsequently measured at

amortised cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or

substantially all the risks and rewards of ownership are transferred to another party, or if some

significant risks and rewards of ownership are retained but control of the asset has transferred to

another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability

(or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled

or expires.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14/2/17

14/2/16

£

£

Contributions due from lessees

106

2,387

Other debtors

24

-

130

2,387

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

14/2/17

14/2/16

£

£

Trade creditors

30

57

Contributions in advance

2,212

-

Accruals and deferred income

192

192

2,434

249