Ducie Street Limited - Period Ending 2021-09-30

Ducie Street Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Ducie Street Limited

Company Information

Director

Mr S J Beech

Registered office

60 Oxford Street Manchester M1 5EE

Accountants

Williamson & Croft LLP Chartered Certified Accountants York House 20 York Street Manchester M2 3BB

Ducie Street Limited

(Registration number: 09992121)
Balance Sheet as at 30 September 2021

	Note	2021 £	2020 £
Current assets
Debtors	4	1,233	1,233
Creditors: Amounts falling due within one year	5	(2,983)	(2,733)
Net liabilities		(1,750)	(1,500)
Capital and reserves
Called up share capital	6	101	101
Retained earnings		(1,851)	(1,601)
Shareholders' deficit		(1,750)	(1,500)

For the financial period ending 30 September 2021 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 August 2022
 

......................................... Mr S J Beech Director

Ducie Street Limited

Notes to the Unaudited Financial Statements for the Period from 29 September 2020 to 30 September 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
60 Oxford Street
Manchester
M1 5EE

These financial statements were authorised for issue by the director on 25 August 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company.

Summary of disclosure exemptions

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore they continue to adopt the going concern basis of accounting in the preparation of the financial statements.

Ducie Street Limited

Notes to the Unaudited Financial Statements for the Period from 29 September 2020 to 30 September 2021 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2020 - 1).

4

Debtors

	2021 £	2020 £
Other debtors	1,233	1,233
	1,233	1,233

Ducie Street Limited

Notes to the Unaudited Financial Statements for the Period from 29 September 2020 to 30 September 2021 (continued)

5

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Amounts owed to group undertakings	7	1,233	1,233
Accruals and deferred income		1,750	1,500
		2,983	2,733

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

7	Related party transactions

The Company has taken advantage of the exemption in FRS 102 (Section 1A) from disclosing transactions with related parties where every party to the transaction is a wholly owned member of the same Group.

8	Parent and ultimate parent undertaking

There is no one ultimate controlling party.

 The company's immediate parent is Manchester Property Development Holdings Limited, incorporated in England and Wales.