The Performance Partnership Worldwide Lt - Accounts to registrar (filleted) - small 18.2
The Performance Partnership Worldwide Lt - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
FOR |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED (REGISTERED NUMBER: 06910067) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2019 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
London |
W2 1HY |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED (REGISTERED NUMBER: 06910067) |
BALANCE SHEET |
31 March 2019 |
31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
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 Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED (REGISTERED NUMBER: 06910067) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2019 |
1. | STATUTORY INFORMATION |
The Performance Partnership Worldwide Limited is a |
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 |
The accounts are prepared on a going concern basis. The director believes this to be appropriate on the basis that |
he has received assurances from the creditors that they will not require the repayment of advances made by them |
to the company until the company has adequate funds to remain solvent. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Turnover represents training income receivable in the year net of discounts and VAT. |
Rendering of services |
Revenue for providing services are recognised when the training course has been completed.. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial |
assets and liabilities such as trade and other debtors and creditors and loans to related parties. |
The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the |
future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at |
amortised cost using the effective interest method, less any impairment. An impairment review is undertaken |
annually at the balance sheet date. |
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. |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED (REGISTERED NUMBER: 06910067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
At 31 March 2019 |
AMORTISATION |
Amortisation for year |
At 31 March 2019 |
NET BOOK VALUE |
At 31 March 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Trade debtors |
Other debtors |
THE PERFORMANCE PARTNERSHIP WORLDWIDE |
LIMITED (REGISTERED NUMBER: 06910067) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.19 | 31.3.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.19 | 31.3.18 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |