52 Moxon Street Limited - Accounts to registrar (filleted) - small 17.3
52 Moxon Street Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| 52 MOXON STREET LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
| 52 MOXON STREET LIMITED (REGISTERED NUMBER: 08440636) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| 52 MOXON STREET LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| BANKERS: |
| 140 High Street |
| Barnet |
| Hertfordshire |
| EN5 5XW |
| 52 MOXON STREET LIMITED (REGISTERED NUMBER: 08440636) |
| ABRIDGED BALANCE SHEET |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Current assets |
| Debtors |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| Provisions for liabilities | ( |
) |
| Net liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 5 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| 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. |
| 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 |
| 52 MOXON STREET LIMITED (REGISTERED NUMBER: 08440636) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| 52 Moxon Street Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| Transition to FRS 102 |
| These financial statements have been prepared in accordance with FRS 102 " The Financial Reporting Standard applicable in |
| the UK and Republic of Ireland( "FRS 102") and the requirements of the Companies Act 2006 as applicable to companies |
| subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than |
| where additional disclosure is required to show a true and fair view. |
| The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in |
| these financial statements are rounded to the nearest £. |
| The financial statements have been prepared under the historical costs convention.The principal accounting policies adopted |
| are set out below. |
| These financial statements for the year ended 31 March 2017 are the first financial statement of 52 Moxon Street Ltd |
| prepared in accordance with FRS 102 Section 1A. The company transitioned to FRS 102 1A on 1 April 2015. The reported |
| financial position in financial performance for the previous period are not affected by the transition to FRS 102 1A. |
| TANGIBLE FIXED ASSETS |
| Tangible fixed assets are initially measured at cost and subsequently measured at costs or valuation, net of depreciation and |
| any impairment losses. |
| Depreciation |
| Depreciation is recognized so as to write off the cost or valuation of assets less their residual values over their useful lives on |
| the following bases: |
| Land and building - not provided |
| Plant and machinery - 5% straight line |
| Fixtures,fittings & equipment - 10% straight line |
| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying |
| value of the asset., and is created or charged to profit and loss. |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognized in the Income Statement, except to the extent |
| that it relates to items recognized in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively |
| enacted by the balance sheet date. |
| DEFERRED TAX |
| Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in |
| which they are recognized in financial statements. Deferred tax is measured using tax rates and laws that have been enacted |
| or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognized only to the extent that it is probable that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 52 MOXON STREET LIMITED (REGISTERED NUMBER: 08440636) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 4. | SECURED DEBTS |
| Bank loans are secured on fixed charges over the property as security. |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary shares | £1 | 10,000 | 10,000 |
| 6. | GOING CONCERN |
| The financial statements have been drawn up on the basis that the company is a going concern. The validity of the going |
| concern basis of accounting depends on the continuing support of directors and shareholders, in meeting the company's |
| working capital requirements. Directors and shareholders confirm that it is not their intention to withdraw supports for the |
| company in the foreseeable future and that they will not seek repayment of their loan to the company until the company's |
| cash flow permits repayment to be made without jeopardizing the company's position. |