39 Daventry Street Limited Filleted accounts for Companies House (small and micro)

39 DAVENTRY STREET LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04594529

39 Daventry Street Limited

Filleted Unaudited Abridged Financial Statements

30 September 2018

39 Daventry Street Limited

Abridged Statement of Financial Position

30 September 2018

	2018		2017
Note	£	£	£

Current assets

Debtors	( 23)	3,652
Cash at bank and in hand	17,416	16,190
	--------	--------
	17,393	19,842

Creditors: amounts falling due within one year	1,050		1,952
	--------		--------
Net current assets		16,343	17,890
		--------	--------
Total assets less current liabilities		16,343	17,890

Creditors: amounts falling due after more than one year	16,339	17,886
	--------	--------
Net assets	4	4
	--------	--------

Capital and reserves

Called up share capital	4	4
	----	----
Shareholders funds	4	4
	----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 30 September 2018 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

39 Daventry Street Limited

Abridged Statement of Financial Position (continued)

30 September 2018

These abridged financial statements were approved by the board of directors and authorised for issue on 28 November 2018 , and are signed on behalf of the board by:

A Chant
Director

Company registration number: 04594529

39 Daventry Street Limited

Notes to the Abridged Financial Statements

Year ended 30 September 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Chester Mews, London, SW1X 7AH.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Building insurance

The property is insured with Bluefin Underwriting through Cassey Millar James Ltd of Unit 1A, Waltham Court, Miley Lane Hare Hatch RG10 under policy number CHU-PROP-000023715. Averys Management receives a fee for policy and claims administration work.

5. Related party transactions

The company is a non-profit making company owned by the leaseholders of 39 Daventry Street. The leaseholders contribute towards the running costs of the property on the basis of a pre-arranged formula. The Leaseholders, as a body, accumulate funds for budgeted future expenditure and the company holds these funds on their behalf.