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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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2 HYDE PARK STREET MANAGEMENT LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2018 |
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for |
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2 HYDE PARK STREET MANAGEMENT LIMITED |
2 HYDE PARK STREET MANAGEMENT LIMITED (REGISTERED NUMBER: 02077522) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
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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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2 HYDE PARK STREET MANAGEMENT LIMITED |
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Company Information |
for the Year Ended 31 March 2018 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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South Entrance |
3rd Floor |
37 - 41 Bedford Row |
London |
WC1R 4JH |
2 HYDE PARK STREET MANAGEMENT LIMITED (REGISTERED NUMBER: 02077522) |
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Balance Sheet |
31 March 2018 |
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2018 | 2017 |
Notes | £ | £ |
Current assets |
Cash in hand |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 3 |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
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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 Board of Directors on
by: |
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2 HYDE PARK STREET MANAGEMENT LIMITED (REGISTERED NUMBER: 02077522) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
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1. | Statutory information |
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2 Hyde Park Street Management Limited is a
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Wales. The 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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Cash and cash equivalents |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with |
banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. |
Bank overdrafts are shown within borrowings in current liabilities. |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presents in the financial statements, when there |
is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis |
or to realise the asset and settle the liability simultaneously. |
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Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price including transaction costs and are subsequently carried at amortised cost using the effective interest |
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the |
present value of the future receipts discounted at a market rate of interest. Financial assets classified as |
receivable within one year are not amortised. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instruments is any contract that evidences a residual interest in the assets |
of the company after deducting all of its liabilities. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference |
shares that are classified as debt, are initially recognised at transaction price unless the arrangement |
constitutes a financing transaction, where the debt instrument is measured at the present value of the future |
payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are |
not amortised. |
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Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year |
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction |
price and subsequently measured at amortised cost using the effective interest method. |
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Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion |
of the company. |
2 HYDE PARK STREET MANAGEMENT LIMITED (REGISTERED NUMBER: 02077522) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
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3. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary shares | £1 | 10 | 10 |