Walbrook PR Limited - Accounts to registrar (filleted) - small 18.2

Walbrook PR Limited - Accounts to registrar (filleted) - small 18.2

WALBROOK PR LIMITED - Company Information

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REGISTERED NUMBER: 06834106 (England and Wales)















WALBROOK PR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020














WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2020










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WALBROOK PR LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2020







DIRECTORS: V W Nicholls
P McManus





REGISTERED OFFICE: 75 King William Street
London
EC4N 7BE





REGISTERED NUMBER: 06834106 (England and Wales)





Page 1
WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

ABRIDGED BALANCE SHEET
31 December 2020

31/12/20 31/12/19
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,440
Tangible assets 5 6,322 1,985
6,322 5,425

CURRENT ASSETS
Debtors 364,702 372,416
Investments 6,841 15,341
Cash at bank 16,102 103,198
387,645 490,955
CREDITORS
Amounts falling due within one year 271,137 373,508
NET CURRENT ASSETS 116,508 117,447
TOTAL ASSETS LESS CURRENT
LIABILITIES
122,830
122,872

CAPITAL AND RESERVES
Called up share capital 108 108
Share premium 59,984 59,984
Retained earnings 62,738 62,780
SHAREHOLDERS' FUNDS 122,830 122,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these financial statements

Page 2 continued...
WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

ABRIDGED BALANCE SHEET - continued
31 December 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 September 2021 and were signed on its behalf by:





P McManus - Director


The notes form part of these financial statements

Page 3
WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2020


1. STATUTORY INFORMATION

Walbrook PR 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.

The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements and the reported amounts of income and expenditure during the reporting period. Actual results could differ from these estimates. Estimates are used primarily when accounting for provisions for doubtful debts, depreciation, amortisation and taxes.

Turnover
Turnover represents the value of sales invoiced and fulfilled during the period, excluding VAT. The vast majority of turnover arises in the UK.

Goodwill
Goodwill arising on the acquisition of an unincorporated business represents the excess of the fair value of the cost of acquisition over the Company's interest in the net fair value of the identifiable assets and liabilities of the unincorporated business recognised at the date of acquisition. Goodwill is being amortised evenly over five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 25% on cost
Office equipment - 25% 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.


Page 4 continued...
WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2020


2. ACCOUNTING POLICIES - continued
Taxation
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.

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.

Current asset investments
Current asset investments are held on a short-term basis and are valued at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2020
and 31 December 2020 88,800
AMORTISATION
At 1 January 2020 85,360
Amortisation for year 3,440
At 31 December 2020 88,800
NET BOOK VALUE

At 31 December 2020 -
At 31 December 2019 3,440

Page 5 continued...
WALBROOK PR LIMITED (REGISTERED NUMBER: 06834106)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2020


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2020 25,811
Additions 5,868
Disposals (10,537 )
At 31 December 2020 21,142
DEPRECIATION
At 1 January 2020 23,826
Charge for year 1,531
Eliminated on disposal (10,537 )
At 31 December 2020 14,820
NET BOOK VALUE
At 31 December 2020 6,322
At 31 December 2019 1,985

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/20 31/12/19
£    £   
Within one year 188,160 90,220

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

31/12/20 31/12/19
£    £   
P McManus
Balance outstanding at start of year 2,446 -
Amounts advanced - 2,446
Amounts repaid (2,446 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 2,446

Page 6