36 Bedford Row Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03014555 (England and Wales)

36 BEDFORD ROW LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr W Harbage QC

Mr R C Wilson QC

Mr R O'Dair

Mr A Bojarski

Mr M Taylor

Mr M J Lowe

Mr P L Infield

Ms G Gibbs

Ms K Tompkins

SECRETARY:

Mr M Taylor

REGISTERED OFFICE:

36 Bedford Row

London

WC1R 4JH

REGISTERED NUMBER:

03014555 (England and Wales)

ACCOUNTANTS:

Keens Shay Keens Limited

Chartered Accountants

2nd Floor Exchange Building

16 St Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Tangible assets

2

36,136

30,454

CURRENT ASSETS

Debtors

161,887

126,336

Cash at bank and in hand

252,769

338,301

414,656

464,637

CREDITORS

Amounts falling due within one year

3

477,174

505,871

NET CURRENT LIABILITIES

(62,518

)

(41,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,382

)

(10,780

)

CREDITORS

Amounts falling due after more than one year

3

3,750

-

NET LIABILITIES

(30,132

)

(10,780

)

CAPITAL AND RESERVES

Called up share capital

4

103

81

Profit and loss account

(30,235

)

(10,861

)

SHAREHOLDERS' FUNDS

(30,132

)

(10,780

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 November 2015 and were signed on its behalf by:

Mr R C Wilson QC - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis having considered the forecast for the next financial

year.

The company manages the debtor balances of the individual barristers who are also the members. Therefore the

directors have a good understanding of the fees due to each of the barristers and the subsequent rents that the

company will receive once the barristers debts have been received. As a result, the directors have a good day to

day grasp of the immediate cash flow and management thereof so as to enable the financial statements to be

prepared as they have been.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold Improvements

-

10% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay

more, or right to pay less or to receive more, tax, with the following exceptions:

-

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Operating lease agreements

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the

lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

172,468

Additions

18,296

At 28 February 2015

190,764

DEPRECIATION

At 1 March 2014

142,014

Charge for year

12,614

At 28 February 2015

154,628

NET BOOK VALUE

At 28 February 2015

36,136

At 28 February 2014

30,454

3.

CREDITORS

Creditors include an amount of £ 26,250 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

103

Ordinary

£1

103

81

(2014 - 81 )

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by the board as given the nature of the individual shareholdings there is no ultimate

controlling party.