ACCOUNTS - Final Accounts

JULIA TYRRELL MANAGEMENT LTD. - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2017-03-312017-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activityfalse2016-04-01 04428735 2016-04-01 2017-03-31 04428735 2015-06-01 2016-03-31 04428735 2017-03-31 04428735 2016-03-31 04428735 c:Director1 2016-04-01 2017-03-31 04428735 d:CurrentFinancialInstruments 2017-03-31 04428735 d:CurrentFinancialInstruments 2016-03-31 04428735 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 04428735 d:CurrentFinancialInstruments d:WithinOneYear 2016-03-31 04428735 d:ShareCapital 2017-03-31 04428735 d:ShareCapital 2016-03-31 04428735 d:RetainedEarningsAccumulatedLosses 2017-03-31 04428735 d:RetainedEarningsAccumulatedLosses 2016-03-31 04428735 c:FRS102 2016-04-01 2017-03-31 04428735 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 04428735 c:FullAccounts 2016-04-01 2017-03-31 04428735 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure

Registered number: 04428735

JULIA TYRRELL MANAGEMENT LTD.

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2017

JULIA TYRRELL MANAGEMENT LTD.

REGISTERED NUMBER: 04428735

BALANCE SHEET

AS AT 31 MARCH 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year		468		-
Cash at bank and in hand	5	165,949		150,676
		166,417		150,676
Creditors: amounts falling due within one year	6	(25,450)		(20,282)
Net current assets			140,967		130,394
Total assets less current liabilities			140,967		130,394

Net assets			140,967		130,394

Capital and reserves
Called up share capital	100	100
Profit and loss account	140,867	130,294
	140,967	130,394

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 December 2017.

Nicholas Charles Clarke

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

JULIA TYRRELL MANAGEMENT LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

1.	General information

Julia Tyrell Management is a private company limited by shares and incorporated in England and Wales. Its registered office is 100 Church Street, Brighton, East Sussex, BN1 1UJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

·the amount of revenue can be measured reliably;

·it is probable that the Company will receive the consideration due under the contract;

·the stage of completion of the contract at the end of the reporting period can be measured reliably; and

·the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

JULIA TYRRELL MANAGEMENT LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

2.Accounting policies (continued)

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

2.9

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

3.	Employees
	Staff costs, including directors' remuneration, were as follows:

The average monthly number of employees, including directors, during the year was 1 (2016 - 1).

Debtors

					2017	2016
					£	£


Trade debtors	468	-
	468	-

Page 3

JULIA TYRRELL MANAGEMENT LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

4.Debtors (continued)

5.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	165,949	150,676
	165,949	150,676

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	903	1,066
Corporation tax	19,318	14,606
Other taxation and social security	4,875	3,973
Other creditors	354	637
	25,450	20,282

					2017	2016
					£	£

Other taxation and social security
VAT control	4,875	3,973
	4,875	3,973

7.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £23,000 (2016 - £2,500). Contributions totalling £NIL (2016 - £NIL) were payable to the fund at the balance sheet date

8.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 4