Registered Number
:
04417737
|
For the year ended 30 April 2020
England and Wales
Unaudited Financial Statements
Iris Galleries Limited
Statement of Financial Position and Notes to the Accounts
2019
2020
23,344
23,344
Creditors
:
amounts falling due
|
(69,404)
(69,717)
(46,060)
(46,373)
Net current liabilities
Total assets less current liabilities
|
(46,373)
(46,060)
Accruals and deferred income
|
(1,253)
(1,253)
(47,626)
Net liabilities
(47,313)
(47,626)
(47,313)
Statutory Information
Iris Galleries Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
04417737
.
|
The Old Surgery
19 Mengham Lane
Hayling Island
Hampshire
The presentation currency is £ sterling
.
|
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial Instruments
A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost.
1
.
Directors
'
advances
,
credits and guarantees
|
Loaned
Mr J Reid- Robertson
Directors Loan Account
69,717
69,403
314
69,717
69,403
314
2
.
Average number of persons employed
|
During the year the average number of employees was 0
1 of 2
For the year ended 30 April 2020
Iris Galleries Limited
Statement of Financial Position and Notes to the Accounts Continued
For the year ended 30 April 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
These financial statements have been prepared in accordance with the micro-entities provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr J Reid- Robertson Director
|
These financial statements were approved and authorised for issue by the Board on 15 April 2021 and were signed by:
|
2 of 2