Genesis Advisors Limited - Accounts to registrar (filleted) - small 18.2
Genesis Advisors Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| FOR |
| GENESIS ADVISORS LIMITED |
| GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| GENESIS ADVISORS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 24 Park Road South |
| Havant |
| Hampshire |
| PO9 1HB |
| GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342) |
| STATEMENT OF FINANCIAL POSITION |
| 31ST MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on |
| GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Genesis Advisors Limited is a |
| 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 (£). |
| All amounts are rounded to the nearest Pound (£). |
| The financial statements contain information about Genesis Advisors Ltd as an individual company. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received, for services rendered, excluding discounts |
| and value added tax. Turnover is recognised at the point services are provided. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Fixed assets are initially recognised at cost, less any provision for depreciation, and are reviewed annually for |
| any impairment. |
| Financial instruments |
| Financial instruments are recognised in line with Sections 11 and 12 of FRS 102. |
| Basic financial instruments, such as bank and cash, loans are initially recognised at transaction price, unless |
| they constitute a financing arrangement, when the transaction is measured at the present value of the future |
| receipts/ payments discounted at a market rate of interest. Such assets are subsequently carried at amortised |
| cost using the effective interest rate method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
| Retained Earnings, 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. |
| Fixed asset investments |
| In the absence of any readily available valuations, unlisted investments are valued at cost, less any impairment |
| where value is considered less than cost. |
| GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST MARCH 2019 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st April 2018 |
| Additions |
| At 31st March 2019 |
| DEPRECIATION |
| At 1st April 2018 |
| Charge for year |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| 4. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1st April 2018 |
| Additions |
| Disposals | ( |
) |
| At 31st March 2019 |
| NET BOOK VALUE |
| At 31st March 2019 |
| At 31st March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Taxation and social security |
| Other creditors |