Abbreviated Company Accounts - THE ISLAND PARTNERSHIP ENTERPRISE LTD
Abbreviated Company Accounts - THE ISLAND PARTNERSHIP ENTERPRISE LTD
Registered Number 03274867
THE ISLAND PARTNERSHIP ENTERPRISE LTD
Abbreviated Accounts
31 March 2014
THE ISLAND PARTNERSHIP ENTERPRISE LTD Registered Number 03274867
Abbreviated Balance Sheet as at 31 March 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
THE ISLAND PARTNERSHIP ENTERPRISE LTD Registered Number 03274867
Notes to the Abbreviated Accounts for the period ended 31 March 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The company meets its day to day working capital requirements through the financial support of its parent company, The Island Partnership. The Board expect this financial support to continue for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result in the withdrawal of its financial support by the parent company.
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Tangible assets depreciation policy
Office equipment - 25% on reducing balance
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
ULTIMATE PARENT COMPANY
The Island Partnership is regarded by the director as being the company's ultimate parent company.
£ | |
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Cost | |
At 1 April 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 March 2014 |
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Depreciation | |
At 1 April 2013 |
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Charge for the year |
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On disposals |
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At 31 March 2014 |
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Net book values | |
At 31 March 2014 | 35 |
At 31 March 2013 | 47 |