263-267 Magdalen Road Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05984960 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

263-267 MAGDALEN ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Fletcher

Ms J Archer

REGISTERED OFFICE:

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

BUSINESS ADDRESS:

28 Tranmere Road

LONDON

SW18 3QQ

REGISTERED NUMBER:

05984960 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

6 Langdale Court

Witney

Oxfordshire

OX28 6FG

FIXED ASSETS

Tangible assets

4

44,353

44,353

CURRENT ASSETS

Debtors

5

-

1,991

Cash at bank and in hand

5,135

1,208

5,135

3,199

CREDITORS

Amounts falling due within one year

6

44,954

47,452

NET CURRENT LIABILITIES

(39,819

)

(44,253

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,534

100

CAPITAL AND RESERVES

Called up share capital

7

100

100

Other reserves

8

4,434

-

SHAREHOLDERS' FUNDS

4,534

100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 March 2019 and were signed on its behalf by:

Mr D Fletcher - Director

1.	STATUTORY INFORMATION

263-267 Magdalen Road Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents service charges received from residents.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 December 2017

and 30 November 2018

44,353

NET BOOK VALUE

At 30 November 2018

44,353

At 30 November 2017

44,353

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other debtors

-

1,991

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Other creditors

44,354

46,354

Accrued expenses

600

1,098

44,954

47,452

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

10,000

Share capital

1p

100

100

8.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

Profit for the year

-

-

Other reserves

-

4,434

4,434

At 30 November 2018

-

4,434

4,434

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Fletcher and Ms L McIvor.