03809403 2014-09-09 false true 2015-09-082015-09-08 03809403 2014-09-09 2015-09-08 03809403 2015-09-08 03809403 2014-09-08 03809403 c:MotorVehicles 2014-09-09 2015-09-08 03809403 d:OrdinaryShareClass1 2015-09-08 03809403 d:OrdinaryShareClass1 2014-09-08 03809403 d:OrdinaryShareClass1 2014-09-09 2015-09-08 03809403 d:Director1 2014-09-09 2015-09-08 03809403 d:Director2 2014-09-09 2015-09-08 03809403 c:OfficeEquipment 2014-09-09 2015-09-08 xbrli:shares iso4217:GBP

Registered number: 03809403










59TH STREET LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 8 SEPTEMBER 2015
 
59TH STREET LIMITED
REGISTERED NUMBER: 03809403

ABBREVIATED BALANCE SHEET
AS AT 8 SEPTEMBER 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
3
2,411
3,121
 
CURRENT ASSETS





 
Stocks
75,037
71,350

 
Debtors
5,084
6,901

 
Cash at bank and in hand

15,495
13,721







 
95,616
91,972
 
CREDITORS:  amounts falling due within one year
(140,891)
(139,951)
 
NET CURRENT LIABILITIES


(45,275)

(47,979)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 (42,864)

 (44,858)
  
CAPITAL AND RESERVES

 
Called up share capital
4
2
2
 
Profit and loss account
(42,866)
(44,860)
 
SHAREHOLDERS' DEFICIT
 

 (42,864)

 (44,858)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 8 September 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 4 May 2016.





T.W. Reeks
P.M. Reeks
Director
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
59TH STREET LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 8 SEPTEMBER 2015

1. ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

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 April 2008).

1.2
Going concern
Of the net liabilities at 8 September 2015 of £42,864 £50,895 relates to the amount owed to the directors and £55,548 to the amount owed to the holding company and in view of their support of the company, the directors consider it appropriate to adopt the going concern basis in preparing the financial statements. 

1.3
Turnover

Turnover represents the amount derived from the provision of goods during the year, from the company's ordinary activities, after the deduction of allowances and Value Added Tax.

1.4
Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Motor vehicles
-
25% reducing balance
Fixtures, fittings and equipment
-
25% straight line

1.5
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

1.6
Stocks

Stock is valued at the lower of cost and net realisable value.


2. INTANGIBLE FIXED ASSETS



£


Cost



At 9 September 2014 and 8 September 2015

5,000

Amortisation


At 9 September 2014 and 8 September 2015

5,000




Net book value


At 8 September 2015
 -


At 8 September 2014

 -

Page 2
 
59TH STREET LIMITED
 

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 8 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS



£


Cost 


At 9 September 2014
33,030

Additions
300


At 8 September 2015

33,330



Depreciation


At 9 September 2014
29,909

Charge for the year
1,010


At 8 September 2015

30,919




Net book value


At 8 September 2015
 2,411


At 8 September 2014

 3,121


4. SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



2 Ordinary Shares shares of £1 each
 2
 2


5. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY


The company regards Opalmark Limited, a company registered in Wales, as its ultimate parent undertaking. As shareholders of the parent company, TW and PM Reeks are the ultimate controlling parties. 

Page 3

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.