Midnight to Six Management Limited - Period Ending 2015-03-31

Registration number: 03951744

Midnight to Six Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Smallfield Cody & Co
Chartered Accountants
5 Harley Place
Harley Street
London
W1G 8QD

Midnight to Six Management Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Midnight to Six Management Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Midnight to Six Management Limited for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Midnight to Six Management Limited, as a body, in accordance with the terms of our engagement letterdated 10 December 2010. Our work has been undertaken solely to prepare for your approval the accounts of Midnight to Six Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Midnight to Six Management Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Midnight to Six Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Midnight to Six Management Limited. You consider that Midnight to Six Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Midnight to Six Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Smallfield Cody & Co
Chartered Accountants
5 Harley Place
Harley Street
London
W1G 8QD

23 November 2015

Page 1

Midnight to Six Management Limited
(Registration number: 03951744)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,993			2,657
Current assets
Debtors					76,985			18,210
Cash at bank and in hand					145,749			125,622
					222,734			143,832
Creditors: Amounts falling due within one year					(177,062)			(105,408)
Net current assets					45,672			38,424
Net assets					47,665			41,081
Capital and reserves
Called up share capital		3			1,653			1,653
Capital redemption reserve					913			913
Profit and loss account					45,099			38,515
Shareholders' funds					47,665			41,081

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 23 November 2015

.........................................
Mr A Crean
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Midnight to Six Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance basis
Office equipment	25% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		6,089			6,089
At 31 March 2015		6,089			6,089
Depreciation
At 1 April 2014		3,432			3,432
Charge for the year		664			664
At 31 March 2015		4,096			4,096
Net book value
At 31 March 2015		1,993			1,993
At 31 March 2014		2,657			2,657

Page 3

Midnight to Six Management Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,653			1,653			1,653			1,653

Page 4