Bishopsgate Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04681738 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2017 to 30 June 2018

for

Bishopsgate Securities Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P Ruane

N G Harvey

SECRETARY:

J A Hunt

REGISTERED OFFICE:

The Tower Business Centre

Portland Tower

Portland Street

Manchester

M1 3LF

REGISTERED NUMBER:

04681738 (England and Wales)

ACCOUNTANTS:

Pursglove & Brown

Military House

24 Castle Street

Chester

Cheshire

CH1 2DS

CURRENT ASSETS

Debtors

603,831

747,906

Cash at bank

201,503

63,839

805,334

811,745

CREDITORS

Amounts falling due within one year

(1,500

)

(3,272

)

NET CURRENT ASSETS

803,834

808,473

TOTAL ASSETS LESS CURRENT LIABILITIES

803,834

808,473

CAPITAL AND RESERVES

Called up share capital

4

1,200

1,200

Retained earnings

802,634

807,273

SHAREHOLDERS' FUNDS

803,834

808,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 28 February 2019 and were signed on its behalf by:

P Ruane - Director

1.	STATUTORY INFORMATION

Bishopsgate Securities Limited 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.

The financial statements have been presented in sterling which is the functional currency of the company,

rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Taxation

Taxation for the period is comprised of current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2017 - 2 ) .

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.18

28.2.17

value:

£

£

1,200

Ordinary Shares

£1

1,200

1,200

5.	RELATED PARTY DISCLOSURES

P Ruane, a director and shareholder in Bishopsgate Securities Limited is also a director and shareholder in

Bishopsgate Funding Limited. N G Harvey, a director and shareholder in Bishopsgate Securities Limited is also

a director and shareholder of Millbank Trading Limited.

During the year Bishopsgate Funding charged a fee to Bishopsgate Securities Limited of £Nil (2017 :£18,669).

During the year a management charge was paid to Millbank Trading Limited.of £Nil (2017: £48,740)

On 28th February 2018, the following balances were (due to)/from related party:-

Millbank Trading Limited £300,000 [28th February 2017 £185,000].