Managed Exit Limited - Limited company - abbreviated - 11.0.0

Managed Exit Limited - Limited company - abbreviated - 11.0.0

MANAGED EXIT LIMITED - Company Information

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REGISTERED NUMBER: 06631310 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Managed Exit Limited

Managed Exit Limited (Registered number: 06631310)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2013




Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

Managed Exit Limited

Company Information
for the Year Ended 31 December 2013







DIRECTOR: G Martin





REGISTERED OFFICE: 266 KIngsland Road
London
E8 4DG





REGISTERED NUMBER: 06631310 (England and Wales)





ACCOUNTANTS: Pollock Accounting Ltd
3 - 4 Sentinel Square
London
NW4 2EL
Page 1
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Managed Exit Limited

The following reproduces the text of the report prepared for the director in respect of the company's
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages
three to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Managed Exit Limited for the year ended 31 December 2013 which comprise the Profit
and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical
and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the director of Managed Exit Limited in accordance with our terms of engagement.
Our work has been undertaken solely to prepare for your approval the financial statements of Managed Exit
Limited and state those matters that we have agreed to state to the director of Managed Exit Limited in this report
in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at
http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Managed Exit Limited has kept adequate accounting records and to prepare
statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of
Managed Exit Limited. You consider that Managed Exit 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 financial statements of Managed Exit 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 financial
statements.






Pollock Accounting Ltd
3 - 4 Sentinel Square
London
NW4 2EL


30 September 2014

This page does not form part of the abbreviated accounts

Page 2
Managed Exit Limited (Registered number: 06631310)

Abbreviated Balance Sheet
31 December 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 78,858 81,341
Investments 3 - 33,668
78,858 115,009

CURRENT ASSETS
Debtors 284,868 6,018
Cash at bank and in hand 8,299 7,443
293,167 13,461
CREDITORS
Amounts falling due within one year 168,820 240,942
NET CURRENT ASSETS/(LIABILITIES) 124,347 (227,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
203,205
(112,472		 )

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 203,203 (112,474 )
SHAREHOLDERS' FUNDS 203,205 (112,472 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 September 2014 and were signed by:





G Martin - Director


The notes form part of these abbreviated accounts

Page 3
Managed Exit Limited (Registered number: 06631310)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2013

1. ACCOUNTING POLICIES

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.

Plant and machinery etc - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013 152,268
Additions 23,806
At 31 December 2013 176,074
DEPRECIATION
At 1 January 2013 70,927
Charge for year 26,289
At 31 December 2013 97,216
NET BOOK VALUE
At 31 December 2013 78,858
At 31 December 2012 81,341

Page 4 continued...
Managed Exit Limited (Registered number: 06631310)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2013

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 January 2013 33,668
Additions 5,131
Disposals (38,799 )
At 31 December 2013 -
NET BOOK VALUE
At 31 December 2013 -
At 31 December 2012 33,668

The disposals during the year comprised the sale of all the Company's shareholdings in New Space (Derby)
Limited and New Space Margate Limited in which it had held respectively 74.5% and 100% of the issued
share capitals.

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
2 Ordinary 1 2 2

Page 5