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REGISTERED NUMBER: 06943198 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

COMMON-UNITY LIMITED

COMMON-UNITY LIMITED (REGISTERED NUMBER: 06943198)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

COMMON-UNITY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2016







DIRECTOR: Ms C E Thompson





REGISTERED OFFICE: Eaton Gardens
28 Nelson Street
West Bromwich
West Midlands
B71 1EE





REGISTERED NUMBER: 06943198 (England and Wales)





ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP

COMMON-UNITY LIMITED (REGISTERED NUMBER: 06943198)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2016

31.10.16 31.10.15
Notes £    £   
FIXED ASSETS
Tangible assets 2 1,162 2,218
Investment property 3 79,626 79,626
80,788 81,844

CURRENT ASSETS
Debtors 5,200 6,120
Cash at bank and in hand 29,286 35,440
34,486 41,560
CREDITORS
Amounts falling due within one year (22,643 ) (26,519 )
NET CURRENT ASSETS 11,843 15,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,631

96,885

RESERVES
Profit and loss account 92,631 96,885
SHAREHOLDERS' FUNDS 92,631 96,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

COMMON-UNITY LIMITED (REGISTERED NUMBER: 06943198)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 16 May 2017 and were signed by:





Ms C E Thompson - Director


COMMON-UNITY LIMITED (REGISTERED NUMBER: 06943198)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 40% p.a. reducing balance

All fixed assets are initially recorded at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the
scheme are held separately from those of the company. The annual contributions payable are
charged to the profit and loss account.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to
a similar debt instrument, those financial instruments are classed as financial liabilities. Financial
liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to
financial liabilities are included in the profit and loss account. Finance costs are calculated so as to
produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions relating to
equity instruments are debited direct to equity.

COMMON-UNITY LIMITED (REGISTERED NUMBER: 06943198)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2016

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 6,186
Additions 719
At 31 October 2016 6,905
DEPRECIATION
At 1 November 2015 3,968
Charge for year 1,775
At 31 October 2016 5,743
NET BOOK VALUE
At 31 October 2016 1,162
At 31 October 2015 2,218

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2015
and 31 October 2016 79,626
NET BOOK VALUE
At 31 October 2016 79,626
At 31 October 2015 79,626

4. CALLED UP SHARE CAPITAL

The company is limited by guarantee and has no share capital. The members of the company have
each guaranteed an amount not exceeding £1 in the event of the company being wound up.