PERSPICACIOUS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05553001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2019

FOR

PERSPICACIOUS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H Abbasi

SECRETARY:

Ms N Y Abbasi

REGISTERED OFFICE:

1 Woodford Place

Wembley

Middlesex

HA9 8TE

REGISTERED NUMBER:

05553001 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

1,640

2,071

CURRENT ASSETS

Debtors

16,728

46,663

Investments

192,988

119,402

Cash at bank

137,649

121,454

347,365

287,519

CREDITORS

Amounts falling due within one year

36,313

29,730

NET CURRENT ASSETS

311,052

257,789

TOTAL ASSETS LESS CURRENT LIABILITIES

312,692

259,860

PROVISIONS FOR LIABILITIES

12,259

5,562

NET ASSETS

300,433

254,298

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Fair value reserve

7

52,261

23,709

Retained earnings

7

247,172

229,589

SHAREHOLDERS' FUNDS

300,433

254,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 December 2019 and were signed by:

Mr H Abbasi - Director

1.	STATUTORY INFORMATION

PERSPICACIOUS 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover 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 each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

Current asset investments

Current asset investments are initially measured at historical cost which are subsequently measured at fair

value with changes in fair value recognised in profit and loss account.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

15,137

Additions

1,641

At 31 March 2019

16,778

DEPRECIATION

At 1 April 2018

13,066

Charge for year

2,072

At 31 March 2019

15,138

NET BOOK VALUE

At 31 March 2019

1,640

At 31 March 2018

2,071

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary

£1

1,000

1,000

7.

RESERVES

Reserves

£247,172

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2019 and

31 March 2018:

2019

2018

£

£

Mr H Abbasi

Balance outstanding at start of year

4

98

Amounts advanced

10,000

10,000

Amounts repaid

(11,655

)

(10,094

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,651

)

4