Nisian Monk Limited - Period Ending 2016-03-31

Registration number: 01024663

Nisian Monk Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

Nisian Monk 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 Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Nisian Monk Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nisian Monk Limited for the year ended 31 March 2016 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Nisian Monk Limited, 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 Nisian Monk Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nisian Monk Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nisian Monk 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 Nisian Monk Limited. You consider that Nisian Monk 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 Nisian Monk 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.

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

Murrell Consultancy Limited
39 Manor Road
Sutton Coldfield
West Midlands
B73 6EE

11 November 2016

Page 1

Nisian Monk Limited
(Registration number: 01024663)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					551,545			567,026
Investments					25,215			27,407
					576,760			594,433
Current assets
Debtors					6,770			6,182
Cash at bank and in hand					25,980			48,665
					32,750			54,847
Creditors: Amounts falling due within one year					(385,318)			(423,202)
Net current liabilities					(352,568)			(368,355)
Net assets					224,192			226,078
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					224,092			225,978
Shareholders' funds					224,192			226,078

For the year ending 31 March 2016 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 directors acknowledge their 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 Board on 11 November 2016 and signed on its behalf by:

.........................................
Simon D Monk
Director

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

Nisian Monk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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).

Turnover

Turnover represents total invoiced rentals, net of value added tax

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
Freehold land and buildings	4% straight line basis on the value of the buildings
Fixtures and fittings	15% reducing balance basis
Office equipment	33.33% straight line basis
Long leasehold land and buildings	4% straight line basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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.

Page 3

Nisian Monk Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 April 2015		623,245			27,407			650,652
Disposals		-			(2,192)			(2,192)
At 31 March 2016		623,245			25,215			648,460
Depreciation
At 1 April 2015		56,219			-			56,219
Charge for the year		15,481			-			15,481
At 31 March 2016		71,700			-			71,700
Net book value
At 31 March 2016		551,545			25,215			576,760
At 31 March 2015		567,026			27,407			594,433

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by Brian D Monk , company secretary, who in the opinion of the directors, is the company's ultimate controlling party.

Page 4