Neal St. Studio Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04997218 (England and Wales)

Financial Statements

for the Year Ended 31 March 2018

for

NEAL ST. STUDIO LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr W P Williams

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

04997218 (England and Wales)

ACCOUNTANTS:

Conroy & Lermer

Chartered Accountants

42 Lytton Road

BARNET

EN5 5BY

FIXED ASSETS

Tangible assets

4

5,386

5,677

Investments

5

50

50

5,436

5,727

CURRENT ASSETS

Debtors

6

535,472

341,207

Cash at bank

1,522,664

1,211,068

2,058,136

1,552,275

CREDITORS

Amounts falling due within one year

7

1,142,387

833,143

NET CURRENT ASSETS

915,749

719,132

TOTAL ASSETS LESS CURRENT LIABILITIES

921,185

724,859

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

921,085

724,759

SHAREHOLDERS' FUNDS

921,185

724,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Income Statement has not been delivered.

The financial statements were approved by the director on 21 November 2018 and were signed by:

Mr W P Williams - Director

1.	STATUTORY INFORMATION

Neal St. Studio 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

6,988

18,913

25,901

Additions

-

1,505

1,505

At 31 March 2018

6,988

20,418

27,406

DEPRECIATION

At 1 April 2017

6,567

13,657

20,224

Charge for year

106

1,690

1,796

At 31 March 2018

6,673

15,347

22,020

NET BOOK VALUE

At 31 March 2018

315

5,071

5,386

At 31 March 2017

421

5,256

5,677

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2017

and 31 March 2018

50

NET BOOK VALUE

At 31 March 2018

50

At 31 March 2017

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

648

Amounts owed by group undertakings

256,869

340,559

Other debtors

278,603

-

535,472

341,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Amounts owed to group undertakings

1,028,640

633,564

VAT

7,329

3,401

Directors' current accounts

103,818

193,578

Accruals and deferred income

2,600

2,600

1,142,387

833,143

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2017

724,759

Profit for the year

244,326

Dividends

(48,000

)

At 31 March 2018

921,085

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At balance sheet date, the company owed the director, Mr W P Williams £103,819 (2017:

£193,578). This is an interest free loan to the company and is included in other creditors.

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting

Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of

Ireland', not to disclose related party transactions with wholly owned subsidiaries within the

group.

During the year, total dividends of £20,000 (2017 - £26,500) were paid to the director .

At the balance sheet date the company was owed £86,138 by Neal St. Properties LLP (2017:

£86,138).The companies are related parties by virtue of the fact that they are under

common control.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W P Williams.