Arc Portfolio Management Ltd - Abbreviated accounts 16.1

Arc Portfolio Management Ltd - Abbreviated accounts 16.1

ARC PORTFOLIO MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 06726442 (England and Wales)



















ARC PORTFOLIO MANAGEMENT LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016






ARC PORTFOLIO MANAGEMENT LTD (REGISTERED NUMBER: 06726442)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

ARC PORTFOLIO MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mr M C Collis
Mrs E J Collis





SECRETARY: Mr M C Collis





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 06726442 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ
Page 1
ARC PORTFOLIO MANAGEMENT LTD (REGISTERED NUMBER: 06726442)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 1,290 176
Investments 3 81,700 74,700
82,990 74,876

CURRENT ASSETS
Debtors 15,064 8,943
Cash at bank 23,074 56,232
38,138 65,175
CREDITORS
Amounts falling due within one year 23,188 32,045
NET CURRENT ASSETS 14,950 33,130
TOTAL ASSETS LESS CURRENT
LIABILITIES
97,940
108,006

PROVISIONS FOR LIABILITIES 258 49
NET ASSETS 97,682 107,957

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 97,582 107,857
SHAREHOLDERS' FUNDS 97,682 107,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 15 July 2016 and were signed on its
behalf by:




Mr M C Collis - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

Page 2
ARC PORTFOLIO MANAGEMENT LTD (REGISTERED NUMBER: 06726442)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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 the profit and loss account in the period to which they
relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument
is any contract that evidences a residual interest in the assets of the company after deducting all of
its liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 2,089
Additions 1,625
At 31 March 2016 3,714
DEPRECIATION
At 1 April 2015 1,913
Charge for year 511
At 31 March 2016 2,424
NET BOOK VALUE
At 31 March 2016 1,290
At 31 March 2015 176

Page 3
ARC PORTFOLIO MANAGEMENT LTD (REGISTERED NUMBER: 06726442)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015 74,700
Additions 15,000
At 31 March 2016 89,700
PROVISIONS
Charge for year 8,000
At 31 March 2016 8,000
NET BOOK VALUE
At 31 March 2016 81,700
At 31 March 2015 74,700

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

Page 4