Contents of the Financial Statements

for the Period Ended 31 August 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 August 2019

The directors present their report with the financial statements of the company for the period ended 31 August 2019

Directors

The directors shown below have held office during the whole of the period from
1 September 2018 to 31 August 2019

Philip Bernays
Stephen Faloon
John Stalker

The director shown below has held office during the period of
1 September 2018 to 12 October 2018

Michael Ockwell

The director shown below has held office during the period of
1 September 2018 to 1 September 2018

Martin Sutherland

The directors shown below have held office during the period of
12 October 2018 to 31 August 2019

Ashley Bishop
Jonathan Saville

The director shown below has held office during the period of
29 September 2018 to 31 August 2019

Julian Boast

The director shown below has held office during the period of
10 September 2018 to 23 January 2019

Robert Sanderson

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 November 2019

And signed on behalf of the board by:
Name: John Stalker
Status: Director

Profit And Loss Account

for the Period Ended 31 August 2019

	2019	2018
	£	£
Administrative expenses:	( 72,390 )	( 133 )
Operating profit(or loss):	(72,390)	(133)
Profit(or loss) before tax:	(72,390)	(133)
Tax:		( 604 )
Profit(or loss) for the financial year:	(72,390)	(737)

Balance sheet

As at 31 August 2019

	Notes	2019	2018
		£	£
Fixed assets
Investments:	3	18	18
Total fixed assets:		18	18
Current assets
Debtors:	4	170,990	131,280
Cash at bank and in hand:		99,650	42,735
Total current assets:		270,640	174,015
Creditors: amounts falling due within one year:	5	( 142,616 )	( 18,601 )
Net current assets (liabilities):		128,024	155,414
Total assets less current liabilities:		128,042	155,432
Total net assets (liabilities):		128,042	155,432
Capital and reserves
Called up share capital:		16	16
Profit and loss account:		128,026	155,416
Total Shareholders' funds:		128,042	155,432

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 August 2019

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax. In the year under review no revenue was recognised.

  Tangible fixed assets depreciation policy

  The cost of tangible fixed assets is their purchase cost together with any incidental expenses of acquisition.Computer and office equipment is depreciated using the straight line method over a period of three years.

  Valuation information and policy

  Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.Useful economic lives of tangible assetsThe annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.Impairment of debtorsThe company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

  Other accounting policies

  The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom. A summary of the more important accounting policies, which have been consistently applied, is set out below.Basis of accountingThese financial statements have been prepared in accordance with the historical cost convention and in accordance with applicable accounting standards, including Financial Reporting Standard 102, section 1a – ‘The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland’ (“FRS 102”).Basis of consolidationIn the opinion of the directors, the Company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts. Going concernThe financial statements have been prepared on a going concern basis. The directors have assessed the Company’s ability to continue as a going concern and have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these financial statements.Foreign currenciesAssets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the date of each transaction. Exchange differences are written off to the profit and loss account.

Notes to the Financial Statements

for the Period Ended 31 August 2019

• 2. Employees

  	2019	2018
  Average number of employees during the period	0	0