Micro-entity Accounts - NARROW STREET LIMITED

Micro-entity Accounts - NARROW STREET LIMITED

NARROW STREET LIMITED - Company Information

Print Friendly Version

Registered Number 11041624

NARROW STREET LIMITED

Micro-entity Accounts

30 November 2019

NARROW STREET LIMITED Registered Number 11041624

Micro-entity Balance Sheet as at 30 November 2019

Notes 2019 2018
£ £
Fixed Assets
5,925,447
6,048,894
Current Assets
532,361
376,060
Creditors: amounts falling due within one year
(280,039)
(264,476)
Net current assets (liabilities)
252,322
111,584
Total assets less current liabilities
6,177,769
6,160,478
Creditors: amounts falling due after more than one year
(6,179,998)
(6,179,998)
Total net assets (liabilities)
(2,229)
(19,520)
Capital and reserves
(2,229)
(19,520)
  • For the year ending 30 November 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 August 2020

And signed on their behalf by:
G J RAMSAY, Director

Footnotes:
  • Advances and credits
    Statutory information
    Narrow Street Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

    Registered number: 11041624

    Registered office: 539-547 Wandsworth Road
    London
    SW8 3JD

    Average number of employees

    The average number of employees during the year was NIL (2018 - NIL).

    Secured creditors

    To secure its borrowings, Coutts & Company hold a first legal mortgage dated 12 January 2018 over the freehold property known as The Narrow, Narrow Street, London. London E14 8DP.

    Secondly Coutts & Company hold a mortgage debenture dated 12 January 2018 incorporating a fixed and floating charge over all assets of the Company including book debts.

    Further a personal guarantee for the sum of £3,000,000 is provided by the director to Coutts and Company.

    At the period end Coutts & Company is owed a sum of £3,000,000, which is repayable beyond one year.

    Going concern/post balance sheet events

    The current economic conditions caused by the Covid 19 pandemic create uncertainties particularly over the level of demand for the company's services.

    The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the levels of its current facilities. After making enquiries and providing confirmation that his financial support for the company with continue for the forthcoming year, the director has a reasonable expectation that the company has adequate resources to continue to operate for the foreseeable future. The director therefore continue to adopt the going concern basis in preparing the financial statements.

NARROW STREET LIMITED Registered Number 11041624

Notes to the Micro-entity Accounts for the period ended 30 November 2019

1Employees
2019 2018
Average number of employees during the period 0 0