McCrae Partnership Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04703295 (England and Wales)

Financial Statements for the Year Ended 31st March 2017

for

McCrae Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R McCrae

S McCrae

SECRETARY:

A R McCrae

REGISTERED OFFICE:

C/O City, Chartered Accountants

Room 540, 5th Floor

162-168 Regent Street

London

W1B 5TF

REGISTERED NUMBER:

04703295 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Intangible assets

4

6,000

7,000

CURRENT ASSETS

Debtors

5

1,624

1,624

Cash at bank

2,085

298

3,709

1,922

CREDITORS

Amounts falling due within one year

6

7,665

7,067

NET CURRENT LIABILITIES

(3,956

)

(5,145

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,044

1,855

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,042

1,853

SHAREHOLDERS' FUNDS

2,044

1,855

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

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

A R McCrae - Director

1.	STATUTORY INFORMATION

McCrae Partnership Limited 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

20,000

AMORTISATION

At 1st April 2016

13,000

Amortisation for year

1,000

At 31st March 2017

14,000

NET BOOK VALUE

At 31st March 2017

6,000

At 31st March 2016

7,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

1,300

1,525

Other debtors

324

99

1,624

1,624

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

600

599

Corporation Tax

297

273

Directors' current accounts

6,168

5,595

Accruals and deferred income

600

600

7,665

7,067

7.	RELATED PARTY DISCLOSURES

The company was under the control of A R McCrae and S McCrae throughout the current and

previous year.

At the end of the year £6,168 (2016: £5,595) was owed to the directors.