NORTH CORNER LEWES LIMITED

NORTH CORNER LEWES LIMITED

NORTH CORNER LEWES LIMITED - Company Information

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NORTH CORNER LEWES LIMITED

Company Registration Number:
10029252 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2017

Period of accounts

Start date: 01 September 2016

End date: 31 August 2017

NORTH CORNER LEWES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2017

Balance sheet
Notes

NORTH CORNER LEWES LIMITED

Balance sheet

As at 31 August 2017


Notes
2017
6 months to 31 August 2016


£
£
Fixed assets
Intangible assets: 3 21,250 0
Tangible assets: 4 5,848 0
Total fixed assets: 27,098 0
Current assets
Cash at bank and in hand: 19,579 2
Total current assets: 19,579 2
Creditors: amounts falling due within one year: 5 (41,963) 0
Net current assets (liabilities): (22,384) 2
Total assets less current liabilities: 4,714 2
Total net assets (liabilities): 4,714 2
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 4,712 0
Shareholders funds: 4,714 2

The notes form part of these financial statements

NORTH CORNER LEWES LIMITED

Balance sheet statements

For the year ending 31 August 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 May 2018
and signed on behalf of the board by:

Name: Mr M Reed
Status: Director

The notes form part of these financial statements

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

2. Employees

2017 6 months to 31 August 2016
Average number of employees during the period 16 1

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

3. Intangible Assets

Total
Cost £
At 01 September 2016 0
Additions 48,363
At 31 August 2017 48,363
Amortisation
At 01 September 2016 0
Charge for year 27,113
At 31 August 2017 27,113
Net book value
At 31 August 2017 21,250
At 31 August 2016 0

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

4. Tangible Assets

Total
Cost £
At 01 September 2016 0
Additions 7,835
At 31 August 2017 7,835
Depreciation
At 01 September 2016 0
Charge for year 1,987
At 31 August 2017 1,987
Net book value
At 31 August 2017 5,848
At 31 August 2016 0

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

5. Creditors: amounts falling due within one year note

Creditors due within one year are made up of Trade Creditors £182 (2016: Nil), Taxation and Social Security £4,440 (2016: Nil), Accruals and Deferred Income £6,669 (2016: Nil) and Other Creditors £30,672 (2016: Nil).

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

6. Financial commitments

The company is committed to paying a further £1,039,410 (2016: Nil) in rent over the duration of the lease at its premises which expires in September 2026.

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2017

7. Related party transactions

Name of the related party: Mr M Reed
Relationship:
Director
Description of the Transaction: During the year Mr M Reed advanced the company an interest free loan to assist in initial setup and early running costs. At the period end the amount due to Mr M Reed included in other creditors was £17,909 (2016: Nil). The loan is repayable on demand.
£
Balance at 01 September 2016 0
Balance at 31 August 2017 17,909