Finshore Partners Limited - Accounts to registrar (filleted) - small 18.2

Finshore Partners Limited - Accounts to registrar (filleted) - small 18.2

FINSHORE PARTNERS LIMITED - Company Information

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REGISTERED NUMBER: 08053804 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

FINSHORE PARTNERS LIMITED
FINSHORE PARTNERS LIMITED (REGISTERED NUMBER: 08053804)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FINSHORE PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: C D Halliday
A A Hawkins





REGISTERED OFFICE: 33 Cannon Street
London
EC4M 5SB





REGISTERED NUMBER: 08053804 (England and Wales)





ACCOUNTANTS: Total Back Office Solutions Ltd
1 Waterside
Station Road
Harpenden
Hertfordshire
AL5 4US
Page 1
FINSHORE PARTNERS LIMITED (REGISTERED NUMBER: 08053804)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,659 3,760

CURRENT ASSETS
Debtors 5 2,190,820 2,364,242
Cash at bank and in hand 360,252 308,020
2,551,072 2,672,262
CREDITORS
Amounts falling due within one year 6 246,717 484,441
NET CURRENT ASSETS 2,304,355 2,187,821
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,311,014
2,191,581

PROVISIONS FOR LIABILITIES 714 714
NET ASSETS 2,310,300 2,190,867

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,300,300 2,180,867
2,310,300 2,190,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2022 and were signed on its behalf by:





C D Halliday - Director


The notes form part of these financial statements

Page 2
FINSHORE PARTNERS LIMITED (REGISTERED NUMBER: 08053804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Finshore Partners 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.

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.
Plant and machinery etc - 25% on cost

Government grants
The accounting policy adopted for grants is the accrual model.

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.

Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 9 ) .

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FINSHORE PARTNERS LIMITED (REGISTERED NUMBER: 08053804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 22,213
Additions 4,924
At 31 December 2021 27,137
DEPRECIATION
At 1 January 2021 18,453
Charge for year 2,025
At 31 December 2021 20,478
NET BOOK VALUE
At 31 December 2021 6,659
At 31 December 2020 3,760

5. DEBTORS
2021 2020
£    £   
Amounts falling due within one year:
Trade debtors 451,441 601,645
Other debtors 41,210 16,528
492,651 618,173

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,698,169 1,746,069

Aggregate amounts 2,190,820 2,364,242

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 203,936 227,833
Taxation and social security 38,502 250,375
Other creditors 4,279 6,233
246,717 484,441

7. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £1,698,169 (2020: £1,746,069) owed by Finshore Partners Group Ltd, the company's parent.

8. ULTIMATE CONTROLLING PARTY

By Virtue of his shareholding in Finshore Partners Group Ltd, Mr C D Halliday, is the ultimate controlling party.

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