Pearspanke Finance Limited - Accounts to registrar (filleted) - small 18.2

Pearspanke Finance Limited - Accounts to registrar (filleted) - small 18.2

PEARSPANKE FINANCE LIMITED - Company Information

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REGISTERED NUMBER: 01603682 (England and Wales)















Financial Statements for the Year Ended 30 September 2018

for

Pearspanke Finance Limited
Pearspanke Finance Limited (Registered number: 01603682)






Contents of the Financial Statements
for the Year Ended 30 September 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pearspanke Finance Limited

Company Information
for the Year Ended 30 September 2018







Directors: Mr S G Panke
Mrs P B Kanter





Secretary: Mrs P B Kanter





Registered office: 96 North Road
Highgate
London
N6 4AA





Registered number: 01603682 (England and Wales)





Accountants: Jordan Thomas Lane
135 High Street
Great Abington
Cambridgeshire
CB21 6AE
Page 1
Pearspanke Finance Limited (Registered number: 01603682)

Balance Sheet
30 September 2018

2018 2017
Notes £    £   
Current assets
Debtors 4 11,000 10,469
Investments 5 892,109 840,930
Cash at bank 24,523 33,997
927,632 885,396
Creditors
Amounts falling due within one year 6 9,964 11,261
Net current assets 917,668 874,135
Total assets less current liabilities 917,668 874,135

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 916,668 873,135
917,668 874,135

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

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

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 27 June 2019 and were signed on its
behalf by:





Mr S G Panke - Director


The notes form part of these financial statements

Page 2
Pearspanke Finance Limited (Registered number: 01603682)

Notes to the Financial Statements
for the Year Ended 30 September 2018

1. STATUTORY INFORMATION

Pearspanke Finance 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Valuation of investments
Investments in listed company shares are included at the lower of cost and market value at the
balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 11,000 10,469

5. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Listed investments 848,198 800,029
Unlisted investments 43,911 40,901
892,109 840,930

Page 3 continued...
Pearspanke Finance Limited (Registered number: 01603682)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 5,136 6,098
Other creditors 4,828 5,163
9,964 11,261

7. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed its directors £4,070 (2017: £2,948).This loan is
interest free and repayable on demand.

The company is owed £11,000 (2017: £10,000) by Miss J Kanter, who is related by virtue of being the
daughter of Mrs P B Kanter, a director of the company.

Page 4