The Informed Partnership Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07008093 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th September 2016

for

The Informed Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

K J Ferriby

Miss R D J Colley

Miss L F Gresham

REGISTERED OFFICE:

Andrew Marr Building

Livingstone Road

Hessle

Hull

East Yorkshire

HU13 0EE

REGISTERED NUMBER:

07008093 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Intangible assets

2

479,750

631,250

Tangible assets

3

20,479

21,114

500,229

652,364

CURRENT ASSETS

Debtors

4

1,576,787

1,500,248

Cash at bank and in hand

164,647

137,918

1,741,434

1,638,166

CREDITORS

Amounts falling due within one year

311,389

362,643

NET CURRENT ASSETS

1,430,045

1,275,523

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,930,274

1,927,887

CREDITORS

Amounts falling due after more than one year

(1,400,000

)

(1,400,000

)

PROVISIONS FOR LIABILITIES

(3,289

)

(3,239

)

NET ASSETS

526,985

524,648

CAPITAL AND RESERVES

Called up share capital

5

65,064

Profit and loss account

461,921

459,584

SHAREHOLDERS' FUNDS

526,985

524,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 4th April 2017 and were signed on its behalf by:

K J Ferriby - 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 January 2015).

Turnover

Turnover represents fees and commissions earned in the financial period.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

and 30th September 2016

1,515,000

AMORTISATION

At 1st October 2015

883,750

Amortisation for year

151,500

At 30th September 2016

1,035,250

NET BOOK VALUE

At 30th September 2016

479,750

At 30th September 2015

631,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

61,131

Additions

12,230

At 30th September 2016

73,361

DEPRECIATION

At 1st October 2015

40,017

Charge for year

12,865

At 30th September 2016

52,882

NET BOOK VALUE

At 30th September 2016

20,479

At 30th September 2015

21,114

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,355,630 (2015 - £ 1,258,884 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

58,064

Ordinary

£1

58,064

1,000

A Ordinary Non-Voting

£1

1,000

B Ordinary Non-Voting

£1

1,000

C Ordinary Non-Voting

£1

1,000

D Ordinary Non-Voting

£1

1,000

E Ordinary Non-Voting

£1

1,000

F Ordinary Non-Voting

£1

1,000

G Ordinary Non-Voting

£1

1,000

65,064

6.	ULTIMATE PARENT COMPANY

Livingstone Financial Services Limited is regarded by the directors as being the company's ultimate parent

company.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2016 and

30th September 2015:

2016

2015

£

K J Ferriby

Balance outstanding at start of year

-

Amounts advanced

42,000

12,302

Amounts repaid

(42,000

)

(12,302

)

Balance outstanding at end of year

-

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Informed Partnership Limited for the year ended 30th September 2016 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Informed Partnership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Informed Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The Informed Partnership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Informed Partnership Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Informed Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Informed Partnership Limited. You consider that The Informed Partnership Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Informed Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

13th April 2017