Walbrook PR Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06834106 (England and Wales)

WALBROOK PR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V W Nicholls

P McManus

REGISTERED OFFICE:

4 Lombard Street

London

EC3V 9HD

REGISTERED NUMBER:

06834106 (England and Wales)

FIXED ASSETS

Intangible assets

4

3,440

21,200

Tangible assets

5

1,985

2,858

5,425

24,058

CURRENT ASSETS

Debtors

372,416

302,062

Investments

15,341

17,709

Cash at bank

103,198

52,788

490,955

372,559

CREDITORS

Amounts falling due within one year

373,508

274,990

NET CURRENT ASSETS

117,447

97,569

TOTAL ASSETS LESS CURRENT LIABILITIES

122,872

121,627

CAPITAL AND RESERVES

Called up share capital

108

108

Share premium

59,984

59,984

Retained earnings

62,780

61,535

SHAREHOLDERS' FUNDS

122,872

121,627

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 December 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 Board of Directors and authorised for issue on 4 August 2020 and were signed on its behalf by:

P McManus - Director

1.	STATUTORY INFORMATION

Walbrook PR 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.	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.

The preparation of financial statements requires management to make estimates and assumptions that affect the

reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the

financial statements and the reported amounts of income and expenditure during the reporting period. Actual results

could differ from these estimates. Estimates are used primarily when accounting for provisions for doubtful debts,

depreciation, amortisation and taxes.

Turnover

Turnover represents the value of sales invoiced and fulfilled during the period, excluding VAT. The vast majority of

turnover arises in the UK.

Goodwill

Goodwill arising on the acquisition of an unincorporated business represents the excess of the fair value of the cost

of acquisition over the Company's interest in the net fair value of the identifiable assets and liabilities of the

unincorporated business recognised at the date of acquisition. Goodwill is being amortised evenly over five years.

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.

Tangible fixed assets

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

Fixtures & fittings

-

25% on cost

Office equipment

-

25% on cost

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.

Taxation

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.

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.

Current asset investments

Current asset investments are held on a short-term basis and are valued at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2018 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

and 31 December 2019

88,800

AMORTISATION

At 1 January 2019

67,600

Amortisation for year

17,760

At 31 December 2019

85,360

NET BOOK VALUE

At 31 December 2019

3,440

At 31 December 2018

21,200

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2019

25,093

Additions

718

At 31 December 2019

25,811

DEPRECIATION

At 1 January 2019

22,235

Charge for year

1,591

At 31 December 2019

23,826

NET BOOK VALUE

At 31 December 2019

1,985

At 31 December 2018

2,858

6.	LEASING AGREEMENTS

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

31/12/19

31/12/18

£

£

Within one year

90,220

-

Between one and five years

-

311,840

90,220

311,840

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31 December 2018:

31/12/19

31/12/18

£

£

P McManus

Balance outstanding at start of year

-

-

Amounts advanced

2,446

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,446

-