James Clifton Limited - Period Ending 2017-12-31

Registration number: 03483416

James Clifton Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2017

Grenfell James Limited
Chartered Accountants
Rowan
Roper's Lane
Wrington
North Somerset
BS40 5NQ

James Clifton Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

James Clifton Limited

Company Information

Directors

Mr. EGD James Mr A D C Parmiter

Company secretary

Mrs WV James

Registered office

13 The Courtyard Timothys Bridge Road Stratford-Upon-Avon Warwickshire CV37 9NP

Registered number

03483416

Accountants

Grenfell James Limited Rowan Roper's Lane Wrington North Somerset BS40 5NQ

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James Clifton Limited

(Registration number: 03483416)
Balance Sheet as at 31 December 2017

	Note	2017 £	2016 £
Current assets
Cash at bank and in hand		69	69
Creditors: Amounts falling due within one year	3	(2,456)	(2,456)
Net liabilities		(2,387)	(2,387)
Capital and reserves
Called up share capital		4	4
Profit and loss account		(2,391)	(2,391)
Total equity		(2,387)	(2,387)

For the financial year ending 31 December 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.

Approved and authorised by the Board on 24 September 2018 and signed on its behalf by:
 

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

Mr. EGD James
Director

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

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James Clifton Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

1	General information

The company's registered number and registered office address can be found on the Company Information page.

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

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 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 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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
 Impairment
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
 

Page 3

James Clifton Limited

Notes to the Financial Statements for the Year Ended 31 December 2017

3

Creditors

Creditors: amounts falling due within one year

	2017 £	2016 £
Due within one year
Accruals and deferred income	200	200
Other creditors	2,256	2,256
	2,456	2,456

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