Blencow Partnership Limited Filleted accounts for Companies House (small and micro)

BLENCOW PARTNERSHIP LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2019-04-01 Sage Accounts Production Advanced 2020 - FRS102_2019 194,267 120,808 14,692 135,500 58,767 73,459 xbrli:pure xbrli:shares iso4217:GBP 07561769 2019-04-01 2020-03-31 07561769 2020-03-31 07561769 2019-03-31 07561769 2019-03-31 07561769 core:FurnitureFittings 2019-04-01 2020-03-31 07561769 bus:Director1 2019-04-01 2020-03-31 07561769 core:FurnitureFittings 2019-03-31 07561769 core:FurnitureFittings 2020-03-31 07561769 core:WithinOneYear 2020-03-31 07561769 core:WithinOneYear 2019-03-31 07561769 core:ShareCapital 2020-03-31 07561769 core:ShareCapital 2019-03-31 07561769 core:RetainedEarningsAccumulatedLosses 2020-03-31 07561769 core:RetainedEarningsAccumulatedLosses 2019-03-31 07561769 core:FurnitureFittings 2019-03-31 07561769 bus:Director1 2019-03-31 07561769 bus:Director1 2020-03-31 07561769 bus:Director1 2018-03-31 07561769 bus:Director1 2019-03-31 07561769 bus:Director1 2018-04-01 2019-03-31 07561769 bus:SmallEntities 2019-04-01 2020-03-31 07561769 bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 07561769 bus:FullAccounts 2019-04-01 2020-03-31 07561769 bus:SmallCompaniesRegimeForAccounts 2019-04-01 2020-03-31 07561769 bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31

COMPANY REGISTRATION NUMBER: 07561769

Blencow Partnership Limited

Filleted Unaudited Financial Statements

31 March 2020

Blencow Partnership Limited

Statement of Financial Position

31 March 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	4	58,767	73,459

Current assets

Debtors	5	19,518	–
Cash at bank and in hand		9,165	7,330
		------------	------------
		28,683	7,330

Creditors: amounts falling due within one year	6	( 171,492)	( 171,769)
		------------	------------
Net current liabilities		( 142,809)	( 164,439)
		------------	------------
Total assets less current liabilities		( 84,042)	( 90,980)
		------------	------------
Net liabilities		( 84,042)	( 90,980)
		------------	------------

Blencow Partnership Limited

Statement of Financial Position (continued)

31 March 2020

	2020	2019
Note	£	£

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 84,044)	( 90,982)
	------------	------------
Shareholders deficit	( 84,042)	( 90,980)
	------------	------------

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 income and retained earnings has not been delivered.

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

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 financial statements were approved by the board of directors and authorised for issue on 8 March 2021 , and are signed on behalf of the board by:

Mr C Rowley
Director

Company registration number: 07561769

Blencow Partnership Limited

Notes to the Financial Statements

Year ended 31 March 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 22b Lindfield Gardens, London, NW3 6PS, 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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2019 and 31 March 2020	194,267	194,267
	------------	------------
Depreciation
At 1 April 2019	120,808	120,808
Charge for the year	14,692	14,692
	------------	------------
At 31 March 2020	135,500	135,500
	------------	------------
Carrying amount
At 31 March 2020	58,767	58,767
	------------	------------
At 31 March 2019	73,459	73,459
	------------	------------

5. Debtors

	2020	2019
	£	£
Other debtors	19,518	–
	------------	------------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Bank loans and overdrafts	14,422	8,416
Trade creditors	–	100
Other creditors	157,070	163,253
	------------	------------
	171,492	171,769
	------------	------------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2020
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr C Rowley	( 162,563)	7,461	( 155,102)
	------------	------------	------------

	2019
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr C Rowley	( 210,595)	48,032	( 162,563)
	------------	------------	------------

8. Related party transactions

The company was under the control of Mr C Rowley throughout the year. No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.