Contents of the Financial Statements

for the Period Ended 31 December 2020

Company Information

for the Period Ended 31 December 2020

Directors' Report Period Ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Directors

The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
Robert E Holmes

Balance sheet

As at 31 December 2020

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2020

For the year ending 31 December 2020 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 December 2020

• 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

  Tangible fixed assets depreciation policy

  Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses for all such individual expenditures above £2,000. Other lesser expenditures are expensed as incurred.
  
  Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.

  Other accounting policies

  The company holds cash balances at a domestic UK bank, its broker, and FINRA. Cash balances are held in GBP and USD. Client Receivables Client receivables are due and collected just after year-end. There have been no write-offs of client receivables to-date and there is no reserve for bad debts. Prepaid Assets Prepaid assets consist of subscription agreements for services paid in advance. These assets amortise over the contract length and are stated at cost less amortised cost. Employee Payables Employee payables consist of company expenses paid by an employee and for which reimbursement is due the employee. These payables have no interest component.

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	1	1

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 3. Off balance sheet disclosure

  No