Maddox Advisors (UK) Ltd - Accounts to registrar - small 16.3

Maddox Advisors (UK) Ltd - Accounts to registrar - small 16.3

MADDOX ADVISORS (UK) LTD - Company Information

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REGISTERED NUMBER: 08785241 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

MADDOX ADVISORS (UK) LTD

MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MADDOX ADVISORS (UK) LTD

COMPANY INFORMATION
for the year ended 31 December 2016







DIRECTOR: Mr K L Hunter





REGISTERED OFFICE: 50 Jermyn Street
London
SW1Y 6LX





REGISTERED NUMBER: 08785241 (England and Wales)





ACCOUNTANTS: Raffingers
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

BALANCE SHEET
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 979 1,003
Investments 4 29,000 29,000
29,979 30,003

CURRENT ASSETS
Debtors 5 29,660 2,101
Cash at bank 4,608 29,971
34,268 32,072
CREDITORS
Amounts falling due within one year 6 63,517 61,379
NET CURRENT LIABILITIES (29,249 ) (29,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
730
696

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 729 695
SHAREHOLDERS' FUNDS 730 696

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 March 2017 and were signed by:





Mr K L Hunter - Director


The notes form part of these financial statements

Page 2
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2016

1. STATUTORY INFORMATION

Maddox Advisors (UK) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

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 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.

Investments
Investment in the accounts is shown at cost less accumulated impairment losses.

Page 3 continued...
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2016

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2016 1,551 - 1,551
Additions - 292 292
At 31 December 2016 1,551 292 1,843
DEPRECIATION
At 1 January 2016 548 - 548
Charge for year 220 96 316
At 31 December 2016 768 96 864
NET BOOK VALUE
At 31 December 2016 783 196 979
At 31 December 2015 1,003 - 1,003

4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2016
and 31 December 2016 29,000
NET BOOK VALUE
At 31 December 2016 29,000
At 31 December 2015 29,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 10,927 806
Other debtors 18,733 1,295
29,660 2,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 40,509 34,230
Taxation and social security 112 1
Other creditors 22,896 27,148
63,517 61,379

Page 4 continued...
MADDOX ADVISORS (UK) LTD (REGISTERED NUMBER: 08785241)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2016

7. CALLED UP SHARE CAPITAL


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

8. RESERVES
Retained
earnings
£   

At 1 January 2016 695
Profit for the year 34
At 31 December 2016 729

9. RELATED PARTY DISCLOSURES

Throughout the current year and the previous period, the company was controlled by its director, Mr K L Hunter,
by virtue of his ownership of the entire issued share capital.

At the balance sheet date the company owed £9,626 (2015 - £22,436 ) to the director.

At the balance sheet date the company paid management charges paid of £14,000 (2015 - £12,750) to Animus
Associates Ltd, a company in which Mr K L Hunter is director.

10. FIRST YEAR ADOPTION

The Company has adopted FRS 102 for the year ended 31 December 2016, with the date of transition being 1
January 2015. On transition management have considered the effect of any changes in accounting treatment
from UK GAAP to FRS 102 for this company but do not consider there to be any material changes that would
warrant restatement of the comparative financials.


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