Company Registration No. 04735739 (England and Wales)
BECONSFIELD LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
130769-2014
Registered office
94-96 Wigmore Street
London
W1U 3RF
BECONSFIELD LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
US$
US$
US$
US$
Current assets
Debtors
-
2,923
Cash at bank and in hand
270,501
267,906
270,501
270,829
Creditors: amounts falling due within one year
(7,598)
(14,143)
Total assets less current liabilities
262,903
256,686
Capital and reserves
Called up share capital
2
1,932
1,932
Profit and loss account
260,971
254,754
Shareholders' funds
262,903
256,686
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 6 August 2015
D. Sheehan
Director
Company Registration No. 04735739
BECONSFIELD LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.5
Foreign currency translation
The company's accounting records are maintained in United States Dolllars.
Transactions in other currencies are converted at the rate ruling at the date of the transaction. Current assets and liabilities are converted at the rate of exchange ruling at the balance sheet date. Any material gains or losses resulting from the conversion are taken to the profit and loss account.
2
Share capital
2014
2013
US$
US$
Allotted, called up and fully paid
Ordinary shares
1,932
1,932
The issued shares represent 1,000 ordinary shares with a par value of £1 each.