Abbreviated Company Accounts - 3R SILVER STREET LIMITED

Abbreviated Company Accounts - 3R SILVER STREET LIMITED


Registered Number 09569012

3R SILVER STREET LIMITED

Abbreviated Accounts

30 June 2016

3R SILVER STREET LIMITED Registered Number 09569012

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016
£
Current assets
Stocks 221,652
Debtors 160
221,812
Creditors: amounts falling due within one year (1,000)
Net current assets (liabilities) 220,812
Total assets less current liabilities 220,812
Creditors: amounts falling due after more than one year (222,012)
Total net assets (liabilities) (1,200)
Capital and reserves
Called up share capital 100
Profit and loss account (1,300)
Shareholders' funds (1,200)
  • For the year ending 30 June 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 31 January 2017

And signed on their behalf by:
R A Fulton, Director

3R SILVER STREET LIMITED Registered Number 09569012

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015).

Basis of preparation
Notwithstanding the company's total net liabilities the financial statements have been prepared on the going concern basis which assumes the continued financial support of the company's director and connected company.

Accordingly, the financial statements have been prepared on the going concern basis. If the going concern basis proved to be invalid, the financial statements would have to be prepared on a break up basis in which the balance sheet would be restated to include all assets at their estimated realisable values and all liabilities would become current and would have to be increased to include those liabilities contingent on the cessation of trade.

Other accounting policies
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value.