Abbreviated Company Accounts - THE SHAFTESBURY PARTNERSHIP LIMITED

THE SHAFTESBURY PARTNERSHIP LIMITED - Company Information

05688293 THE SHAFTESBURY PARTNERSHIP LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05688293 2013-04-01 2014-03-31 05688293 2014-03-31 05688293 2013-03-31 05688293 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05688293 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05688293

THE SHAFTESBURY PARTNERSHIP LIMITED

Abbreviated Accounts

31 March 2014

THE SHAFTESBURY PARTNERSHIP LIMITED Registered Number 05688293

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,603	5,354
Investments	3	100	100
		3,703	5,454
Current assets
Debtors		326,297	129,848
Cash at bank and in hand		41	52,310
		326,338	182,158
Creditors: amounts falling due within one year		(240,002)	(158,988)
Net current assets (liabilities)		86,336	23,170
Total assets less current liabilities		90,039	28,624
Creditors: amounts falling due after more than one year		(95,000)	(38,000)
Provisions for liabilities		(656)	(992)
Total net assets (liabilities)		(5,617)	(10,368)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(5,717)	(10,468)
Shareholders' funds		(5,617)	(10,368)

For the year ending 31 March 2014 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 December 2014

And signed on their behalf by:
Mr PCN Shine, Director

THE SHAFTESBURY PARTNERSHIP LIMITED Registered Number 05688293

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover disclosed in the financial statements represents the total amount of goods and services provided in the period exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset’s cost over its estimated useful life as follows:

Office equipment - 25% reducing balance
Web-site - 25% straight-line

Other accounting policies
Taxation
The charge for taxation is based on the result for the period and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes. Provision is made for deferred tax only to the extent that it is probable that an actual liability will crystallise.

2Tangible fixed assets

	£
Cost
At 1 April 2013	13,129
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	13,129
Depreciation
At 1 April 2013	7,775
Charge for the year	1,751
On disposals	-
At 31 March 2014	9,526
Net book values
At 31 March 2014	3,603
At 31 March 2013	5,354

3Fixed assets Investments
The company has a 100% interest in Shaftesbury Partnership Investment Limited, a company registered in England formed to undertake investment management activities.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100