PartnerWise Investments Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10826502 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

PartnerWise Investments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr N C Carnes

Mr I D Williams

REGISTERED OFFICE:

Rowan House

7 West Bank

Scarborough

North Yorkshire

YO17 8EX

REGISTERED NUMBER:

10826502 (England and Wales)

ACCOUNTANTS:

Asquith & Co Accountants Limited

Rowan House

7 West Bank

SCARBOROUGH

North Yorkshire

YO12 4DX

CURRENT ASSETS

Debtors

4

4,000

10,500

Cash at bank and in hand

5,402

1,682

9,402

12,182

CREDITORS

Amounts falling due within one year

5

589

600

NET CURRENT ASSETS

8,813

11,582

TOTAL ASSETS LESS CURRENT LIABILITIES

8,813

11,582

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

8,613

11,382

SHAREHOLDERS' FUNDS

8,813

11,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 16 March 2023 and were signed on its behalf by:

Mr N C Carnes - Director

Mr I D Williams - Director

1.	STATUTORY INFORMATION

PartnerWise Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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 (2021 - 2 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Other debtors

4,000

10,500

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Other creditors

589

600

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2022 and 30 June 2021:

30.6.22

30.6.21

£

£

Mr N C Carnes

Balance outstanding at start of year

6,500

-

Amounts advanced

-

6,500

Amounts repaid

(6,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,500

7.	RELATED PARTY DISCLOSURES

At the year end £49 was owed to PartnerWise Franchise Ltd from PartnerWise Investments Ltd, of which Mr I D Williams and Mr N C Carnes are directors and shareholders. (2021: nil). The loan is interest free and payable on demand.

At the year end £4,000 was owed from Yorkshire Exteriors Ltd to PartnerWise Investments Ltd, of which Mr I D Williams and Mr N C Carnes are directors and shareholders. (2021: £4,000). The loan is interest free and payable on demand.