NW1.07 Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07147302 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

NW1.07 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Mussarat

G E Lake

Mrs C Allen

REGISTERED OFFICE:

Universal Square

Building 2

3rd Floor

Devonshire Street North

Manchester

M12 6JH

REGISTERED NUMBER:

07147302 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

CREDITORS

Amounts falling due within one year

4

213,475

213,100

NET CURRENT LIABILITIES

(213,475

)

(213,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(213,475

)

(213,100

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(213,476

)

(213,101

)

SHAREHOLDERS' FUNDS

(213,475

)

(213,100

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 July 2018 and were signed on its behalf by:

Mrs C Allen - Director

1.	STATUTORY INFORMATION

NW1.07 Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties

Investment properties are accounted for in accordance with Statement of Standard Accounting Practice No 19,

with the effect that:

The surplus or deficit from the annual revaluation is transferred to investment revaluation reserve unless a

deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is

recognised in the profit and loss account for the year.

No depreciation or amortisation is provided in respect of freehold or leasehold investment properties. The

directors consider that this accounting policy results in the financial statements giving a true and fair view.

Depreciation or amortisation is only one of many factors reflected in the annual revaluation and the amount

which might otherwise have been shown cannot be separately identified or quantified. In case where a deficit on

a revaluation occurs which is in excess of its revaluation reserve, the amount by which the deficit exceeds the

reserve is charged to profit and loss account.Taxation is not provided for on any revaluation surplus until a

property is sold and contracts thereon exchanged.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Associated company loan

213,100

212,725

Accrued expenses

375

375

213,475

213,100