The Offices (North West) Limited - Period Ending 2017-07-31

Registration number: 06949486

The Offices (North West) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2017





























 

Davenports Group Limited
53 King Street
Manchester
M2 4LQ

The Offices (North West) Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Abridged Financial Statements	3 to 4

The Offices (North West) Limited

(Registration number: 06949486)
Abridged Balance Sheet as at 31 July 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	3	717,249	764,621
Current assets
Debtors		320,431	302,930
Cash at bank and in hand		203,131	239,545
		523,562	542,475
Prepayments and accrued income		114,628	55,060
Creditors: Amounts falling due within one year		(294,253)	(254,784)
Net current assets		343,937	342,751
Total assets less current liabilities		1,061,186	1,107,372
Creditors: Amounts falling due after more than one year		(63,379)	(154,877)
Provisions for liabilities		(74,936)	(80,038)
Accruals and deferred income		(509,432)	(509,432)
Net assets		413,439	363,025
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		413,239	362,825
Total equity		413,439	363,025

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 3 to 4 form an integral part of these abridged financial statements.

Page 1

The Offices (North West) Limited

(Registration number: 06949486)
Abridged Balance Sheet as at 31 July 2017

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 21 March 2018 and signed on its behalf by:
 

.........................................

Mr Scott Piers Davenport

Director

The notes on pages 3 to 4 form an integral part of these abridged financial statements.

Page 2

The Offices (North West) Limited

Notes to the Abridged Financial Statements for the Year Ended 31 July 2017

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
53 King Street
Manchester
M2 4LQ
United Kingdom

These financial statements were authorised for issue by the Board on 21 March 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	10% reducing balance
Furniture, fittings and equipment	25% reducing balance

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 3

The Offices (North West) Limited

Notes to the Abridged Financial Statements for the Year Ended 31 July 2017

3	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2016	426,585	556,539	983,124
Additions	37,609	19,128	56,737
At 31 July 2017	464,194	575,667	1,039,861
Depreciation
At 1 August 2016	82,300	136,203	218,503
Charge for the year	38,189	65,920	104,109
At 31 July 2017	120,489	202,123	322,612
Carrying amount
At 31 July 2017	343,705	373,544	717,249
At 31 July 2016	344,285	420,336	764,621

Included within the net book value of land and buildings above is £343,704 (2016 - £344,285) in respect of short leasehold land and buildings.
 

4	Share capital

Allotted, called up and fully paid shares

	2017		2016
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100
Ordinary A of £1 each	30	30	30	30
Ordinary B of £1 each	35	35	35	35
Ordinary C of £1 each	35	35	35	35
	200	200	200	200

Page 4