16 Management Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02643898 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

16 Management Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A J Clough

SECRETARY:

G B Clough

REGISTERED OFFICE:

19 Gratton Road

CHELTENHAM

Gloucestershire

GL50 2BT

REGISTERED NUMBER:

02643898 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

20 Imperial Square

CHELTENHAM

GL50 1QZ

CURRENT ASSETS

Debtors

3

132,193

132,827

Cash at bank and in hand

665

31

132,858

132,858

CREDITORS

Amounts falling due within one year

4

193,650

193,650

NET CURRENT LIABILITIES

(60,792

)

(60,792

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(60,792

)

(60,792

)

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

(60,992

)

(60,992

)

SHAREHOLDERS' FUNDS

(60,792

)

(60,792

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 22 January 2018 and were signed by:

A J Clough - Director

1.	STATUTORY INFORMATION

16 Management Ltd 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.

Taxation

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

Comprehensive Income, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised 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 recognised 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

132,193

132,827

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

46,970

46,970

Other creditors

146,680

146,680

193,650

193,650

5.	RELATED PARTY DISCLOSURES

Included within creditors amounts falling due within one year: is a director loan account in the sum of

£64,398 (2016: £64,398) which has been provided by A J Clough. The account is unsecured, interest

free and carries no fixed date of repayment.