121_PARTNERS_LIMITED - Accounts

121 PARTNERS LIMITED - Company Information

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Company Registration No. 08920603 (England and Wales)

121 PARTNERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

121 PARTNERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

121 PARTNERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Current assets

Debtors

216,138

Cash at bank and in hand

167,568

383,706

Creditors: amounts falling due within one year

(398,985)

Total assets less current liabilities

(15,279)

Capital and reserves

Called up share capital

100

Profit and loss account

(15,379)

Shareholders' funds

(15,279)

For the financial Period ended 31 March 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 November 2015

Mr P Martin

Mr C Hastings

Director

Company Registration No. 08920603

121 PARTNERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

Income in relation to an event is recognised in the period in which the event took place.

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.5

Event Income & Direct Expenditure

Income and direct expenditure in relation to an event is recognised in the period in which the event took place. Income and direct expenditure invoiced in advance of the event is held on the balance sheet and included in Other Creditors and Other Debtors respectively.

Share capital

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100