Ascendant Partners Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10444213 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Ascendant Partners Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

N A Brice

REGISTERED OFFICE:

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

REGISTERED NUMBER:

10444213 (England and Wales)

ACCOUNTANTS:

Ascendant Partners Limited

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and

certain other primary statements and the Report of the Director 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 Ascendant Partners Limited for the year ended 31 December 2018 which comprise the Statement

of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 director of Ascendant Partners Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ascendant Partners Limited and state those matters that we have agreed to state to the director of Ascendant Partners Limited 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 Ascendant Partners Limited and its director for our work or for this report.

It is your duty to ensure that Ascendant 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 Ascendant Partners Limited. You consider that Ascendant 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 Ascendant 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.

Ascendant Partners Limited

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

27 September 2019

FIXED ASSETS

Property, plant and equipment

4

5,570

2,805

5,570

2,805

CURRENT ASSETS

Debtors

5

108,007

73,625

Cash at bank

72,377

49,745

180,384

123,370

CREDITORS

Amounts falling due within one year

6

85,677

68,075

NET CURRENT ASSETS

94,707

55,295

TOTAL ASSETS LESS CURRENT LIABILITIES

100,277

58,100

CREDITORS

Amounts falling due after more than one year

7

25,000

25,000

NET ASSETS

75,277

33,100

CAPITAL AND RESERVES

Called up share capital

9,000

9,000

Retained earnings

66,277

24,100

75,277

33,100

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 director acknowledges his 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director on 27 September 2019 and were signed by:

N A Brice - Director

1.	STATUTORY INFORMATION

Ascendant Partners 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal business address is the registered office.

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.

Revenue

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

value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% per annum on cost

Computer equipment

-

33% per annum 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2018

-

4,150

4,150

Additions

638

4,280

4,918

At 31 December 2018

638

8,430

9,068

DEPRECIATION

At 1 January 2018

-

1,345

1,345

Charge for year

80

2,073

2,153

At 31 December 2018

80

3,418

3,498

NET BOOK VALUE

At 31 December 2018

558

5,012

5,570

At 31 December 2017

-

2,805

2,805

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

102,107

64,875

Other debtors

-

2,000

Prepayments and accrued income

5,900

6,750

108,007

73,625

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

5,325

5,994

Corporation tax

11,526

6,814

Social security and other taxes

60,061

46,209

Other creditors

1,106

-

Director's current account

5,505

8,055

Accruals and deferred income

2,154

1,003

85,677

68,075

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Director's loan account

25,000

25,000