Nest VC London Limited Small abridged accounts

NEST VC LONDON LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Nest VC London Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 09790703

Nest VC London Limited

Filleted Unaudited Abridged Financial Statements

31 March 2017

Nest VC London Limited

Abridged Financial Statements

Year ended 31 March 2017

Contents	Page

Abridged statement of financial position	1

Statement of changes in equity	2

Notes to the abridged financial statements	3

Nest VC London Limited

Abridged Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	248	469
Cash at bank and in hand	31	3,383
	----	-------
	279	3,852

Creditors: amounts falling due within one year	33,541		18,593
	--------		--------
Net current liabilities		33,262	14,741
		--------	--------
Total assets less current liabilities		( 33,262)	( 14,741)
		--------	--------
Net liabilities		( 33,262)	( 14,741)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 33,362)	( 14,841)
	--------	--------
Shareholders deficit	( 33,262)	( 14,741)
	--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

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

These abridged financial statements were approved by the board of directors and authorised for issue on 19 December 2017 , and are signed on behalf of the board by:

Ms K Winton

Director

Company registration number: 09790703

Nest VC London Limited

Statement of Changes in Equity

Year ended 31 March 2017

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 April 2015	–	–	–

Loss for the year		( 14,841)	( 14,841)
	----	--------	--------
Total comprehensive income for the year	–	( 14,841)	( 14,841)

Issue of shares	100	–	100
	----	--------	--------
Total investments by and distributions to owners	100	–	100

At 31 March 2016	100	( 14,841)	( 14,741)

Loss for the year		( 18,521)	( 18,521)
	----	--------	--------
Total comprehensive income for the year	–	( 18,521)	( 18,521)

	----	--------	--------
At 31 March 2017	100	( 33,362)	( 33,262)
	----	--------	--------

Nest VC London Limited

Notes to the Abridged Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is C/o Sable International, Castlewood House, Lower Ground Floor, 77-91 New Oxford Street, London, WC1A 1DG.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 6.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2016: 2 ).

5. Related party transactions

The company is controlled by Nest Group Limited, a company registered in the British Virgin Islands, who own 100% of the called up share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

6. Transition to FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.