PRESTBURY_MANAGEMENT_LIMI - Accounts

PRESTBURY MANAGEMENT LIMITED - Company Information

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Company Registration No. 03742265 (England and Wales)

PRESTBURY MANAGEMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

PRESTBURY MANAGEMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

PRESTBURY MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

15,649

20,490

Current assets

Debtors

575,529

433,642

Cash at bank and in hand

461,311

588,938

1,036,840

1,022,580

Creditors: amounts falling due within one year

(199,715)

(195,925)

Net current assets

837,125

826,655

Total assets less current liabilities

852,774

847,145

Capital and reserves

Called up share capital

100

Profit and loss account

852,674

847,045

Shareholders' funds

852,774

847,145

For the financial year ended 31 March 2016 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 year 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 August 2016

Cinjos Limited

Director

Company Registration No. 03742265

PRESTBURY MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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 January 2015).

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment

Between 15% and 25% Reducing Balance

Fixtures & fittings

15 % Reducing Balance

Motor vehicles

25% Reducing Balance

1.4

Revenue recognition

Revenue in respect of Service Charges represents a recharge of Wages and Salaries Costs incurred in the year. Other income represents fees and commissions earned on an accruals basis.

Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

98,712

Depreciation

At 1 April 2015 & at 31 March 2016

83,063

Net book value

At 31 March 2016

15,649

At 31 March 2015

20,490

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

PRESTBURY MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Ultimate parent company

All of the share capital is owned by Fortgale Limited - Co. No. 4166360, registered in England and Wales.