N C Warden Associates Limited Filleted accounts for Companies House (small and micro)

N C WARDEN ASSOCIATES LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of N C Warden Associates Limited have consented to the preparation of the abridged statement of financial position for the period ending 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 08091157

N C Warden Associates Limited

Filleted Unaudited Abridged Financial Statements

30 November 2018

N C Warden Associates Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of N C Warden Associates Limited

Period from 1 June 2017 to 30 November 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of N C Warden Associates Limited for the period ended 30 November 2018, which comprise the abridged statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of N C Warden Associates Limited, as a body. Our work has been undertaken solely to prepare for your approval the abridged financial statements of N C Warden Associates Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N C Warden Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N C Warden Associates Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of N C Warden Associates Limited. You consider that N C Warden Associates Limited is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the abridged financial statements of N C Warden Associates 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 abridged financial statements.

MOORE GREEN Chartered accountants

22 Friars Street Sudbury Suffolk CO10 2AA

27 August 2019

N C Warden Associates Limited

Abridged Statement of Financial Position

30 November 2018

	30 Nov 18	31 May 17
Note	£	£

Fixed assets

Tangible assets	4	56	56

Current assets

Cash at bank and in hand	111	127

Creditors: amounts falling due within one year	23,856	17,934
	--------	--------
Net current liabilities	23,745	17,807
	--------	--------
Total assets less current liabilities	( 23,689)	( 17,751)
	--------	--------
Net liabilities	( 23,689)	( 17,751)
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 23,789)	( 17,851)
	--------	--------
Shareholders deficit	( 23,689)	( 17,751)
	--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the period ending 30 November 2018 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 of its abridged financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 20 August 2019 , and are signed on behalf of the board by:

N C Warden Director

Company registration number: 08091157

N C Warden Associates Limited

Notes to the Abridged Financial Statements

Period from 1 June 2017 to 30 November 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA. The company trades from 55 Water Street, Lavenham, Sudbury, Suffolk, CO10 9RW.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	25% reducing balance

Whilst the company is not actively trading the fixed assets are not being depreciated. The directors consider this is appropriate and that a review of the impairment of the assets was undertaken and the net book value was considered to be appropriate with no need to provide for permanent diminution in value.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Tangible assets

	£
Cost
At 1 June 2017 and 30 November 2018	100
	----
Depreciation
At 1 June 2017 and 30 November 2018	44
	----
Carrying amount
At 30 November 2018	56
	----
At 31 May 2017	56
	----

5. Directors' advances, credits and guarantees

There are no such transactions for the accounting period.

6. Going concern

The company did not receive any trading income during the year as a result of the ongoing contracts being held in abeyance due to regulatory issues on the customers country. Until the arbitration process is granted the contract strictly has no value and as such no work in progress is included for the time currently spent on this contract by the company.

On the basis that the company has no significant liabilities other than to the directors and that the directors envisage that the trading mentioned above will come to fruition at some point in the foreseeable future, they consider the company to be a going concern and that the accounts can be prepared on that basis.