12-14 Preston Road Ltd - Period Ending 2015-12-31

12 - 14 PRESTON ROAD LTD - Company Information

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Registration number: 07142721

12-14 Preston Road Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015

Blue Spire Limited
Chartered Accountants
Fifth Floor
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

12-14 Preston Road Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

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 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
12-14 Preston Road Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 12-14 Preston Road Ltd for the year ended 31 December 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 12-14 Preston Road Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 12-14 Preston Road Ltd 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 12-14 Preston Road Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 12-14 Preston Road Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 12-14 Preston Road Ltd. You consider that 12-14 Preston Road Ltd 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 12-14 Preston Road Ltd. 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.

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

Blue Spire Limited
Chartered Accountants
Fifth Floor
Intergen House
65-67 Western Road
Hove
East Sussex
BN3 2JQ

30 September 2016

Page 1

12-14 Preston Road Ltd
(Registration number: 07142721)
Abbreviated Balance Sheet at 31 December 2015

	Note	2015 £	2014 £
Current assets
Debtors		2,286	916
Cash at bank and in hand		866	1,901
		3,152	2,817
Creditors: Amounts falling due within one year		(3,704)	(1,767)
Net (liabilities)/assets		(552)	1,050
Capital and reserves
Called up share capital	2	4	4
Profit and loss account		(556)	1,046
Shareholders' (deficit)/funds		(552)	1,050

For the year ending 31 December 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 28 September 2016

.........................................
Mr Barry Osborn
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

12-14 Preston Road Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 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 January 2015).

Going concern

The directors have considered the forseeable future of the company and are unable to identify any material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern. As a result they have adopted the going concern basis of accounting.

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	Share capital

Allotted, called up and fully paid shares

	2015			2014
		No.	£		No.	£
Ordinary shares of £1 each		4	4		4	4

Page 3