Barola Asset Management Limited - Accounts to registrar (filleted) - small 18.2

Barola Asset Management Limited - Accounts to registrar (filleted) - small 18.2

BAROLA ASSET MANAGEMENT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.0.228 10040277 Board of Directors 1.4.19 31.3.20 31.3.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure100402772019-03-31100402772020-03-31100402772019-04-012020-03-31100402772018-03-31100402772018-04-012019-03-31100402772019-03-3110040277ns15:PoundSterling2019-04-012020-03-3110040277ns11:Director12019-04-012020-03-3110040277ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3110040277ns11:SmallEntities2019-04-012020-03-3110040277ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3110040277ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3110040277ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3110040277ns11:FullAccounts2019-04-012020-03-3110040277ns11:Director22019-04-012020-03-3110040277ns11:RegisteredOffice2019-04-012020-03-3110040277ns6:CurrentFinancialInstruments2020-03-3110040277ns6:CurrentFinancialInstruments2019-03-3110040277ns6:ShareCapital2020-03-3110040277ns6:ShareCapital2019-03-3110040277ns6:RetainedEarningsAccumulatedLosses2020-03-3110040277ns6:RetainedEarningsAccumulatedLosses2019-03-3110040277ns6:ComputerEquipment2019-03-3110040277ns6:ComputerEquipment2019-04-012020-03-3110040277ns6:ComputerEquipment2020-03-3110040277ns6:ComputerEquipment2019-03-3110040277ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-03-3110040277ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-03-31


REGISTERED NUMBER: 10040277













BAROLA ASSET MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2020





Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ








BAROLA ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 10040277)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BAROLA ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2020







DIRECTORS: Mr. J D Devonald
Mr. R T Johns





REGISTERED OFFICE: 56 Charles Street
Cardiff
South Glamorgan
CF10 2GG





REGISTERED NUMBER: 10040277





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ
Page 1
BAROLA ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 10040277)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156 312

CURRENT ASSETS
Debtors 5 367,793 616,468
Cash at bank 858,671 18
1,226,464 616,486
CREDITORS
Amounts falling due within one year 6 316,280 10,344
NET CURRENT ASSETS 910,184 606,142
TOTAL ASSETS LESS CURRENT LIABILITIES 910,340 606,454

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 910,240 606,354
SHAREHOLDERS' FUNDS 910,340 606,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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.

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 Board of Directors on 28th January 2021 and were signed on its behalf by:



Mr. R T Johns - Director


The notes form part of these financial statements

Page 2
BAROLA ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 10040277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2020


1. STATUTORY INFORMATION

Barola Asset Management Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2019
and 31st March 2020 625
DEPRECIATION
At 1st April 2019 313
Charge for year 156
At 31st March 2020 469
NET BOOK VALUE
At 31st March 2020 156
At 31st March 2019 312

Page 3 continued...
BAROLA ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 10040277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2020


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 367,793 616,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts - 255
Trade creditors 189,456 4,685
Taxation and social security 73,586 2,226
Other creditors 53,238 3,178
316,280 10,344

Page 4