Talbots Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01960932 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Talbots Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A P Cohen

A L Cohen

Ms B E Cohen

J N Cohen

SECRETARY:

J N Cohen

REGISTERED OFFICE:

5 Sandbrook Close

Sunnydale Gardens

Mill Hill

London

NW7 3PF

REGISTERED NUMBER:

01960932 (England and Wales)

CURRENT ASSETS

Debtors

3

9,783

9,783

CREDITORS

Amounts falling due within one year

4

36,151

35,731

NET CURRENT LIABILITIES

(26,368

)

(25,948

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,368

)

(25,948

)

CAPITAL AND RESERVES

Called up share capital

5

3,006

3,006

Share premium

20,855

20,855

Retained earnings

(50,229

)

(49,809

)

SHAREHOLDERS' FUNDS

(26,368

)

(25,948

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 4 December 2019 and were signed on its behalf by:

A P Cohen - Director

1.	STATUTORY INFORMATION

Talbots 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 or deferred taxation assets and liabilities are not discounted.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

9,783

9,783

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

35,000

35,000

Other creditors

1,151

731

36,151

35,731

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

3,000

Ordinary shares

1

3,000

3,000

6

A Ordinary shares

1

6

6

3,006

3,006

6.	RELATED PARTY DISCLOSURES

The company owed £9,783 (2018 - £9,873) to Humrose Properties Limited, a company with common directors and

shareholders .

At the Balance Sheet date, the company was owed an amount in the sum of £35,000 (2018 - £35,000) from Kingbro

Developments Ltd, a company which has common directors and shareholders.