Nekton Services (UK) Limited - Accounts to registrar (filleted) - small 18.2

NEKTON SERVICES (UK) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

D Quilter

Registered office:

2nd Floor

22 Arlington Street

London

SW1A 1RD

Registered number:

09330222 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

5,000

15,000

Current assets

Debtors

5

765,082

310,261

Cash at bank and in hand

70,022

797

835,104

311,058

Creditors

Amounts falling due within one year

6

625,853

139,856

Net current assets

209,251

171,202

Total assets less current liabilities

214,251

186,202

Provisions for liabilities

8

950

2,850

Net assets

213,301

183,352

Capital and reserves

Called up share capital

9

1

1

Retained earnings

10

213,300

183,351

Shareholders' funds

213,301

183,352

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 Income Statement has not been delivered.

The financial statements were approved by the director on 30 September 2019 and were signed by:

D Quilter - Director

1.	Statutory information

Nekton Services (UK) Limited, is a private company, limited by shares, domiciled in England and Wales,

registration number 09330222. The registered office is 2nd Floor, 22 Arlington Street, London, SW1A 1RD.

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 amounts receivable for management services provided in the year and is stated net of

VAT.

Tangible fixed assets

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

Fixtures and fittings

-

50% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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.

Turnover

In the year to 31 December 2018 100% (2017 - 100%) of the company's turnover was to markets outside the

United Kingdom.

Going concern

The company is dependent on the continued support of its group companies, of which there are no issues with

going concern.

3.	Employees and directors

The average number of employees during the year was 3 (2017 - 3 ) .

4.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 January 2018

and 31 December 2018

72,616

Depreciation

At 1 January 2018

57,616

Charge for year

10,000

At 31 December 2018

67,616

Net book value

At 31 December 2018

5,000

At 31 December 2017

15,000

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Amounts owed by subsidiary undertaking

638,710

177,003

Other debtors

126,372

133,258

765,082

310,261

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Bank overdraft

-

182

Trade creditors

93,332

39,522

Amounts owed to related undertakings

-

20,729

Taxation and social security

12,004

16,165

Other creditors

520,517

63,258

625,853

139,856

7.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

178,750

178,750

Between one and five years

387,292

566,042

566,042

744,792

8.	Provisions for liabilities

2018

2017

£

£

Deferred tax

Accelerated capital allowances

950

2,850

Deferred tax

£

Balance at 1 January 2018

2,850

Provided during year

(1,900

)

Balance at 31 December 2018

950

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1

Ordinary

£1

1

1

10.

Reserves

Retained

earnings

£

At 1 January 2018

183,351

Profit for the year

29,949

At 31 December 2018

213,300

11.	Related party disclosures

During the year the company made sales of £nil (2017 - £5,123) to, and purchases of £nil (2017 - £15,778)

from a company under common control. Included in other creditors is £nil (2017 - £20,729) owed to a

company under common control.

During the year the company made sales of £524,020 (2017 - £681,788) to a fellow subsidiary company.

Included in other debtors is £638,710 (2017 - £177,003) owed from a fellow subsidiary company.

Included in creditors is £60,945 (2017 - £60,341) owed to the immediate parent company.

Also included in other creditors is £452,218 (2017 - £nil) owed to the ultimate controlling party.

All transactions were at arms length and in the normal course of business.