Stern Partners Limited - Accounts to registrar (filleted) - small 18.2
Stern Partners Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30th June 2018 |
| for |
| Stern Partners Limited |
| Stern Partners Limited (Registered number: 08572311) |
| Contents of the Financial Statements |
| for the Year Ended 30th June 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| Stern Partners Limited |
| Company Information |
| for the Year Ended 30th June 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 29a Crown Street |
| Brentwood |
| Essex |
| CM14 4BA |
| Stern Partners Limited (Registered number: 08572311) |
| Balance Sheet |
| 30th June 2018 |
| 30.6.18 | 30.6.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Stern Partners Limited (Registered number: 08572311) |
| Balance Sheet - continued |
| 30th June 2018 |
| 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 |
| Stern Partners Limited (Registered number: 08572311) |
| Notes to the Financial Statements |
| for the Year Ended 30th June 2018 |
| 1. | STATUTORY INFORMATION |
| Stern Partners Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover comprises the fees and expenses receivable in respect of the sales value of services provided and |
| performed during the year. |
| The services that have been performed which were not invoiced at the year-end and where fees will be receivable |
| are classified as 'amounts recoverable on contracts' and separately disclosed within debtors. |
| Turnover also comprises rental income receivable for the year. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment properties are shown at the most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit and loss. |
| 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. |
| Stern Partners Limited (Registered number: 08572311) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2018 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st July 2017 |
| Additions |
| At 30th June 2018 |
| DEPRECIATION |
| At 1st July 2017 |
| Charge for year |
| At 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st July 2017 |
| and 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st July 2017 |
| Revaluations | (15,000 | ) |
| At 30th June 2018 |
| NET BOOK VALUE |
| At 30th June 2018 |
| At 30th June 2017 |
| Stern Partners Limited (Registered number: 08572311) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th June 2018 |
| 6. | INVESTMENT PROPERTY - continued |
| Fair value at 30th June 2018 is represented by: |
| £ |
| Valuation in 2016 | 94,657 |
| Valuation in 2017 | 3,153 |
| Valuation in 2018 | (15,000 | ) |
| Cost | 764,690 |
| 847,500 |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Cost | 764,690 | 764,690 |
| Investment property was valued on an open market value basis on 30th June 2018 by the board of directors . |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Trade debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.18 | 30.6.17 |
| £ | £ |
| Tax |
| Other creditors |
| Directors' loan accounts |
| Accrued expenses and deferred |
| income |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st July 2017 |
| Revaluation surplus | (8,929 | ) |
| At 30th June 2018 |
| 10. | RELATED PARTY DISCLOSURES |
| The directors provided an interest-free loan to the company and the balance on this loan account at the year-end |
| amounted to £129,763 (2017: £247,262). |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Stern Partners Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
| Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Stern Partners Limited for the year ended 30th June 2018 which comprise the Income Statement, |
| Balance Sheet and the related notes from the company's accounting records and from information and explanations you |
| have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Stern Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stern Partners Limited and state those matters that we have agreed to state to the Board of Directors of Stern Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stern Partners Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Stern Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stern Partners Limited. You consider that Stern Partners Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Stern Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 29a Crown Street |
| Brentwood |
| Essex |
| CM14 4BA |