Blackstone I F S Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05245896 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2013

for

Blackstone Independent Financial

Advisers Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Brennan

SECRETARY:

Mrs A Geraghty

REGISTERED OFFICE:

2 Maple Court

Davenport Street

Macclesfield

Cheshire

SK10 1JE

REGISTERED NUMBER:

05245896 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

2 Maple Court

Davenport Street

Macclesfield

Cheshire

SK101JE

FIXED ASSETS

Tangible assets

2

33,684

37,600

CURRENT ASSETS

Debtors

106,952

360,225

Cash at bank

157,013

80,205

263,965

440,430

CREDITORS

Amounts falling due within one year

293,794

474,762

NET CURRENT LIABILITIES

(29,829

)

(34,332

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,855

3,268

CAPITAL AND RESERVES

Called up share capital

3

2,500

2,500

Profit and loss account

1,355

768

SHAREHOLDERS' FUNDS

3,855

3,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 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 director on 30 September 2014 and were signed by:

C Brennan - Director

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 April 2008).

Turnover

Turnover represents commissions receivable, which are exempt from 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.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Deferred tax

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

sheet date.

Employer financed retirement benefit schemes (efrbs)

During the preceding year the Company resolved to make an additional contribution to a previously established

employer financed retirement benefit scheme for the benefit of its officers, employees and their wider families,

The Blackstone Independent Financial Advisers Ltd 2012 ERFBS ("the Scheme").

The director considered that a constructive obligation existed as at 31 December 2012 as a result of the

resolution made at a meeting of directors beforehand. It was therefore considered that an accrual should be

recognised in the preceding accounts of £100,000 on the basis that at 31December 2012 the company had a

present constructive obligation as a result of a past event, that the director believed that a transfer of economic

benefits would be required to settle the obligation, and that an accurate estimate could be made of the amount of

the obligation.

During the current accounting period the company made contributions of £100,000 under the scheme.By virtue

of the accrual made in the preceding accounting period, no charge to the profit & loss account is made in the

current accounting period in relation to these contributions..

During the current accounting period the company also made an additional contribution of £150,00 under the

Scheme.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

84,206

Additions

3,284

At 31 December 2013

87,490

DEPRECIATION

At 1 January 2013

46,606

Charge for year

7,200

At 31 December 2013

53,806

NET BOOK VALUE

At 31 December 2013

33,684

At 31 December 2012

37,600

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1,000

Ordinary A

£1

1,000

1,000

500

Ordinary B

£1

500

500

1,000

Ordinary C

£1

1,000

1,000

2,500

2,500

4.	RELATED PARTY DISCLOSURES

C Brennan

A director of the company

received dividends amounting to £10645

5.	ULTIMATE CONTROLLING PARTY