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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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MANDELA STREET STUDIOS LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 April 2017 |
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for |
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MANDELA STREET STUDIOS LIMITED |
MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362) |
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Contents of the Financial Statements |
for the Year Ended 30 April 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 5 |
MANDELA STREET STUDIOS LIMITED |
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Company Information |
for the Year Ended 30 April 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Station House |
Station Approach |
East Horsley |
Leatherhead |
Surrey |
KT24 6QX |
MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362) |
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Balance Sheet |
30 April 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362) |
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Notes to the Financial Statements |
for the Year Ended 30 April 2017 |
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1. | STATUTORY INFORMATION |
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Mandela Street Studios Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Investments |
The investment property is valued annually at open market value and any surplus transferred to a revaluation |
reserve and any deficit to the extent that it is not covered by the revaluation reserve charged to the profit and loss |
account. No amortisation is charged in respect of the long leasehold property and the directors consider that this |
accounting policy results in the financial statements giving a true and fair view. Amortisation is only one of many |
factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be |
separately identified or quantified. |
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3. | INVESTMENT PROPERTY |
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A professional valuation in November 2013 indicated that the open market valuation of the property was |
£391,000. |
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Fair value at 30 April 2017 is represented by: |
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£ |
Valuation in 2004 | 194,511 |
Valuation in 2014 | 196,489 |
391,000 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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( |
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Other creditors |
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MANDELA STREET STUDIOS LIMITED (REGISTERED NUMBER: 02075362) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 April 2017 |
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6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2016 |
and 30 April 2017 |
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Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Mandela Street Studios Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Mandela Street Studios Limited for the year ended 30 April 2017 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the director of Mandela Street Studios Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mandela Street Studios Limited and state those matters that we have agreed to state to the director of Mandela Street Studios Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mandela Street Studios Limited and its director for our work or for this report. |
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It is your duty to ensure that Mandela Street Studios Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mandela Street Studios Limited. You consider that Mandela Street Studios Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Mandela Street Studios Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Station House |
Station Approach |
East Horsley |
Leatherhead |
Surrey |
KT24 6QX |
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Date: ............................................. |