Thistledown Financial Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04273735 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2018

for

Thistledown Financial Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M Davis

Mr N R Wellings

SECRETARY:

Mr M Davis

REGISTERED OFFICE:

Roseleigh Bar Lane

Bar Lane

Barton Under Needwood

Burton-On-Trent

DE13 8AL

REGISTERED NUMBER:

04273735 (England and Wales)

ACCOUNTANTS:

Harris & Clarke LLP

7 Billing Road

Northampton

Northamptonshire

NN1 5AN

FIXED ASSETS

Tangible assets

4

204

462

CURRENT ASSETS

Debtors

5

47

47

Cash at bank

3,081

2,892

3,128

2,939

CREDITORS

Amounts falling due within one year

6

2,430

3,381

NET CURRENT ASSETS/(LIABILITIES)

698

(442

)

TOTAL ASSETS LESS CURRENT LIABILITIES

902

20

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

802

(80

)

SHAREHOLDERS' FUNDS

902

20

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 4 July 2019 and were signed on its behalf by:

Mr M Davis - Director

1.	STATUTORY INFORMATION

Thistledown Financial Services 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.

Turnover

Turnover represents commission receivable during the year.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost

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.

Going concern

The directors have considered the financial position of the company and have concluded that the company is

able to meet it's liabilities as they fall due. Accordingly, the financial statements have been prepared on a going

concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2018

and 31 December 2018

2,207

DEPRECIATION

At 1 January 2018

1,745

Charge for year

258

At 31 December 2018

2,003

NET BOOK VALUE

At 31 December 2018

204

At 31 December 2017

462

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

47

47

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

696

2,661

Other creditors

1,734

720

2,430

3,381

7.	CONTINGENT LIABILITIES

The company has contingent liabilities in respect of the potential clawback of commission received on regular

premium policies enacted. Should the policies on which that commission is received be cancelled by the

investor, then the insurance company would seek to clawback some of the commission paid to the company. At

the date of signing these financial statements the amount is still unquantified.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Davis.