Waypoint Investment Management Limited - Accounts to registrar (filleted) - small 18.2
Waypoint Investment Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2019 |
| for |
| Waypoint Investment Management Limited |
| Waypoint Investment Management Limited (Registered number: 10338524) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Waypoint Investment Management Limited |
| Company Information |
| for the Year Ended 31 December 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Curo House |
| Greenbox |
| Westonhall Road |
| Bromsgrove |
| Worcestershire |
| B60 4AL |
| Waypoint Investment Management Limited (Registered number: 10338524) |
| Balance Sheet |
| 31 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 Board of Directors and authorised for issue on signed on its behalf by: |
| Waypoint Investment Management Limited (Registered number: 10338524) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Waypoint Investment Management Limited is a |
| 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 |
| Going concern |
| The financial statements have been prepared on the going concern basis on the grounds that the directors believe |
| that there is sufficient funding in place to support the business for the next twelve months from the date of |
| approval of the financial statements. |
| Forecasts have been prepared and post balance sheet trading conditions have been reviewed following the |
| COVID-19 pandemic and its impact on the company. This review has not resulted in a change in the directors' |
| belief that the going concern basis is appropriate. |
| Turnover |
| The amount of turnover is the invoiced value of goods and services supplied to customers, excluding value added |
| tax, arising from the principal activity of the company. |
| Taxation |
| Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss |
| account except to the extent that it relates to items recognised directly in equity or other comprehensive income, |
| in which case it is recognised directly in equity or other comprehensive income. |
| Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates |
| enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of |
| previous years. |
| Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax |
| assessments in periods different from those in which they are recognised in the financial statements. The |
| following timing differences are not provided for; differences between accumulated depreciation and tax |
| allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; |
| and differences relating to investments to the extent that it is not probable that they will reverse in the foreseeable |
| future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not |
| recognised on permanent differences arising because certain types of income or expense are non-taxable or are |
| disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding |
| income or expense. |
| Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using |
| tax rates enacted or substantively enacted at the balance sheet. Deferred tax balances are not discounted. |
| 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. |
| Debtors |
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment |
| losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price, |
| including any transaction costs, and subsequently measured at amortised cost determined using the effective |
| interest method, less any impairment losses for bad and doubtful debts. |
| Waypoint Investment Management Limited (Registered number: 10338524) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Creditors |
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other |
| financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently |
| measured at amortised cost determined using the effective interest method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | COVID-19 IMPACT |
| Subsequent to the year-end, the COVID-19 pandemic began causing significant financial market declines and |
| social dislocation. The situation is dynamic with various cities and countries around the world responding in |
| different ways to address the outbreak. |
| The extent of the effect of the COVID-19 pandemic on the Company's business activities are uncertain, however |
| the directors have assessed the impact of COVID-19 and believe the going concern assumption to be |
| appropriate. |
| 7. | PARENT COMPANY |
| Waypoint Investment Management Limited is a wholly owned subsidiary of Waypoint Asset Management |
| Limited. The registered office of Waypoint Asset Management Limited is at the following address: |
| 86 Brook Street |
| London |
| W1K 5AY |