SM Chambers Ltd Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 11784235

SM Chambers Ltd

Filleted Unaudited Financial Statements

31 January 2020

SM Chambers Ltd

Statement of Financial Position

31 January 2020

	31 Jan 20
Note	£

Current assets

Debtors	4	2,025
Cash at bank and in hand		2,016
		-------
		4,041
		-------
Net current assets		4,041
		-------
Total assets less current liabilities		4,041

Creditors: amounts falling due after more than one year	5	5,633
		-------
Net liabilities		( 1,592)
		-------

Capital and reserves

Called up share capital	100
Profit and loss account	( 1,692)
	-------
Shareholders deficit	( 1,592)
	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 January 2021 , and are signed on behalf of the board by:

Mr J Ljevar

Director

Company registration number: 11784235

SM Chambers Ltd

Notes to the Financial Statements

Period from 23 January 2019 to 31 January 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St.Mary's Chambers, Function Suite, Haslingden Road, Rossendale, Lancashire, BB4 6QX, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	31 Jan 20
	£
Other debtors	2,025
	-------

5. Creditors: amounts falling due after more than one year

	31 Jan 20
	£
Other creditors	5,633
	-------

6. Financial instruments

In accordance with FRS 102.22, financial instruments issued by the Company are treated as equity only to the extent that they meet the following two conditions: (a) They include no contractual obligations upon the Company to deliver cash or other financial assets or to exchange financial assets or financial liabilities with another party under conditions that are potentially unfavourable to the Company; and (b) Where the instrument will or may be settled in the Company's own equity instruments, it is either a non-derivative that includes no obligation to deliver a variable number of the Company's own equity instruments or is a derivative that will be settled by the Company's exchanging a fixed amount of cash or other financial assets for a fixed number of its own equity instruments. To the extent that this definition is not met, the proceeds of issue are classified as a financial liability. Where the instrument so classified takes the legal form of the Company's own shares, the amounts presented in these financial statements for called up share capital and share premium account exclude amounts in relation to those shares.

7. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	31 Jan 20
	£
Ms E Oldham	2,025
	-------