88 London Ltd

Contents
	Page
Balance Sheet	1
Notes to the Financial Statements	3—4

Registered number: 10492083

		Period to 30 November 2017
	Notes	£	£
FIXED ASSETS
Tangible Assets	2		119,000

			119,000
CURRENT ASSETS
Debtors	3	1,504
Cash at bank and in hand		7,429

		8,933
Creditors: Amounts Falling Due Within One Year	4	(733 )

NET CURRENT ASSETS (LIABILITIES)			8,200

TOTAL ASSETS LESS CURRENT LIABILITIES			127,200

Creditors: Amounts Falling Due After More Than One Year	5		(159,414 )

NET ASSETS			(32,214 )

CAPITAL AND RESERVES
Called up share capital	6		1
Profit and Loss Account			(32,215 )

SHAREHOLDERS' FUNDS			(32,214)

For the period ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Richards

16/08/2018

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2. Tangible Assets


	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 22 November 2016	128,210	1,657	129,867

As at 30 November 2017	128,210	1,657	129,867

Depreciation
As at 22 November 2016	-	-	-
Provided during the period	10,210	657	10,867

As at 30 November 2017	10,210	657	10,867

Net Book Value
As at 30 November 2017	118,000	1,000	119,000

As at 22 November 2016	128,210	1,657	129,867

3. Debtors

	Period to 30 November 2017
	£
Due within one year
Trade debtors	1,504

	1,504

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88 London Ltd

Notes to the Financial Statements (continued)

For the Period 22 November 2016 to 30 November 2017

4. Creditors: Amounts Falling Due Within One Year

	Period to 30 November 2017
	£
Trade creditors	733

	733

5. Creditors: Amounts Falling Due After More Than One Year

	Period to 30 November 2017
	£
Directors loan account	159,414

6. Share Capital

	Period to 30 November 2017
Allotted, Called up and fully paid	1

7. General Information

88 London Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10492083. The registered office is 2 Vinegar Street, , London, E1W 2QQ.

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