Company Registration No. 03130731 (England and Wales)
NOEL GAY MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
NOEL GAY MANAGEMENT LIMITED
COMPANY INFORMATION
Director
L Armitage
(Appointed 6 February 2017)
Secretary
L Armitage
Company number
03130731
Registered office
19 Portland Place
London
W1B 1PX
Accountants
OJK Limited
19 Portland Place
London
W1B 1PX
Business address
19 Portland Place
London
W1B 1PX
NOEL GAY MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
NOEL GAY MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
3
999
1,145
Cash at bank and in hand
1,726
3,160
2,725
4,305
Creditors: amounts falling due within one year
4
(5,339)
(6,935)
Net current liabilities
(2,614)
(2,630)
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
(2,616)
(2,632)
Total equity
(2,614)
(2,630)
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 7 September 2017 and are signed on its behalf by:
L Armitage
Director
Company Registration No. 03130731
NOEL GAY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
- 2 -
1
Accounting policies
Company information
Noel Gay Management Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
19 Portland Place, London, W1B 1PX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Going concern
The financial statements have been prepared on a going concern basis which assumes the continuing financial support of the director and related companies.
1.3
Turnover
Turnover represents amounts receivable for services provided net of Value Added Tax.
1.4
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.
1.5
Financial instruments
The company
only
has
basic
financial instruments.
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
.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans
are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction
.
NOEL GAY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2016
1,912
Disposals
(1,912)
At 31 December 2016
-
Depreciation and impairment
At 1 January 2016
1,912
Eliminated in respect of disposals
(1,912)
At 31 December 2016
-
Carrying amount
At 31 December 2016
-
At 31 December 2015
-
3
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
731
1,145
Other debtors
268
-
999
1,145
4
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
2,339
-
Other taxation and social security
-
585
Other creditors
3,000
6,350
5,339
6,935
5
Called up share capital
2016
2015
£
£
Ordinary share capital
Issued and fully paid
2 ordinary shares of £1 each
2
2