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REGISTERED NUMBER:
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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 MARCH 2017 |
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REGISTERED NUMBER:
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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24 MARCH 2017 |
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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED (REGISTERED NUMBER: 02541150) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2017 |
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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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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 24 MARCH 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED (REGISTERED NUMBER: 02541150) |
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BALANCE SHEET |
24 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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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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RESERVES |
Income and expenditure account |
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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 surplus or deficit 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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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED (REGISTERED NUMBER: 02541150) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 24 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Polygon Business Centre Management is a private company, limited by guarantee, registered in |
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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The functional and professional currency of the company is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents service charges receivable. |
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Taxation |
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the |
current or past reporting periods using tax rates that have been enacted or substantively enacted by |
the reporting date. |
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Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax |
losses and other deferred tax assets are recognised only to the extent that it is probable that they will |
be recovered against future taxable profits or against the reversal of the deferred tax liabilities. |
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Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the |
reporting date that are expected to apply to the reversal of the timing difference. |
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Trade and other receivables |
Trade and other receivables are measured at the transaction price less any impairment unless the |
arrangement constitutes a financing transaction in which case the transaction is measured at the |
present value of the future receipts discounted at the prevailing market rate of interest. Loans are |
initially measured at fair value and are subsequently measured at amortised cost using the effective |
interest method less any impairment. |
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Trade and other payables |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a |
financing transaction in which case the transaction is measured at present value of future payments |
discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair |
value net of their transaction costs. They are subsequently measured at amortised cost using the |
effective interest method. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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POLYGON BUSINESS CENTRE |
MANAGEMENT (POYLE) LIMITED (REGISTERED NUMBER: 02541150) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 24 MARCH 2017 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Other creditors |
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6. | FIRST YEAR ADOPTION |
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The company transitioned to FRS 102 from previously extant UK GAAP as at 25 March 2015. No |
financial measurement changes have taken place as a result of the transition and accordingly there |
are no differences in the equity position as at 25 March 2015 or 24 March 2016 and no changes to the |
profit and loss determined under the previous GAAP. |