Wealth Harbour Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08299127 (England and Wales)

Financial Statements

for the Year Ended 30 November 2020

for

Wealth Harbour Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F N Mukahanana

REGISTERED OFFICE:

40 Occam Road

Surrey Research Park

Guildford

Surrey

GU2 7YG

REGISTERED NUMBER:

08299127 (England and Wales)

ACCOUNTANTS:

Kingsley Maybrook Limited

Unitec House

2 Albert Place

London

N3 1QB

FIXED ASSETS

Tangible assets

4

3

667

CURRENT ASSETS

Debtors

5

217,112

200,893

Cash at bank

48,946

5,218

266,058

206,111

CREDITORS

Amounts falling due within one year

6

116,646

57,537

NET CURRENT ASSETS

149,412

148,574

TOTAL ASSETS LESS CURRENT LIABILITIES

149,415

149,241

CREDITORS

Amounts falling due after more than one year

7

50,000

16,150

NET ASSETS

99,415

133,091

CAPITAL AND RESERVES

Called up share capital

215,000

215,000

Retained earnings

(115,585

)

(81,909

)

SHAREHOLDERS' FUNDS

99,415

133,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 August 2021 and were signed by:

F N Mukahanana - Director

1.	STATUTORY INFORMATION

Wealth Harbour Services Ltd 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.

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

-

20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2019

and 30 November 2020

927

DEPRECIATION

At 1 December 2019

260

Charge for year

664

At 30 November 2020

924

NET BOOK VALUE

At 30 November 2020

3

At 30 November 2019

667

5.

DEBTORS

30.11.20

30.11.19

£

£

Amounts falling due within one year:

Trade debtors

-

154,000

Other debtors

217,112

-

217,112

154,000

Amounts falling due after more than one year:

Other debtors

-

46,893

Aggregate amounts

217,112

200,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.20

30.11.19

£

£

Other creditors

116,646

57,537

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.20

30.11.19

£

£

Other creditors

50,000

16,150

8.	RELATED PARTY DISCLOSURES

During the year the company wrote off bad debt of £57,537 owed by Wealth Harbour Consulting Ltd (07242204), a company related by common ownership which was liquidated in August 2020. (2019 Nil).

9.	POST BALANCE SHEET EVENTS

On the 24th June 2021 £190,000 of unpaid share capital was cancelled