Alexandra's Financial Management Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 06806862 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Alexandra's Financial Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

N Flint

SECRETARY:

REGISTERED OFFICE:

7 Bankside

The Watermark

Gateshead

NE11 9SY

REGISTERED NUMBER:

06806862 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

FIXED ASSETS

Intangible assets

4

425,000

450,000

Tangible assets

5

4,707

6,051

429,707

456,051

CURRENT ASSETS

Debtors

6

1,538

880

Cash at bank and in hand

3,851

15,001

5,389

15,881

CREDITORS

Amounts falling due within one year

7

112,120

134,543

NET CURRENT LIABILITIES

(106,731

)

(118,662

)

TOTAL ASSETS LESS CURRENT LIABILITIES

322,976

337,389

CREDITORS

Amounts falling due after more than one year

8

(312,000

)

(327,000

)

PROVISIONS FOR LIABILITIES

(7,889

)

(7,272

)

NET ASSETS

3,087

3,117

CAPITAL AND RESERVES

Called up share capital

2,600

2,600

Retained earnings

487

517

SHAREHOLDERS' FUNDS

3,087

3,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 8 May 2017 and were signed by:

N Flint - Director

1.	STATUTORY INFORMATION

Alexandra's Financial Management Limited 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.

Goodwill

Following an Impairment Review of Goodwill it was deemed the economical life of the asset would

be 20 years, and the amortisation should commence to be provided for in the year after acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on reducing balance and 15% on reducing balance

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2016

and 28 February 2017

500,000

AMORTISATION

At 1 March 2016

50,000

Charge for year

25,000

At 28 February 2017

75,000

NET BOOK VALUE

At 28 February 2017

425,000

At 29 February 2016

450,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2016

3,588

7,036

19,552

30,176

Additions

-

-

1,075

1,075

At 28 February 2017

3,588

7,036

20,627

31,251

DEPRECIATION

At 1 March 2016

2,848

3,229

18,048

24,125

Charge for year

148

586

1,685

2,419

At 28 February 2017

2,996

3,815

19,733

26,544

NET BOOK VALUE

At 28 February 2017

592

3,221

894

4,707

At 29 February 2016

740

3,807

1,504

6,051

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

597

-

Directors' current accounts

88

-

Prepayments

853

880

1,538

880

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

228

Amounts owed to associated company

24,880

44,380

Tax

22,330

24,278

Social security and other taxes

1,109

880

Other creditors

-

640

Directors' current accounts

-

336

Accruals and deferred income

61,761

61,761

Accrued expenses

2,040

2,040

112,120

134,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Qualifying Corporate Bonds

312,000

327,000

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,250 were paid to the director .

10.	ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the director together with his associate.

The company's tax status is that of a close company.

11.	GOING CONCERN

The director has reviewed a period of 12 months from approval of these financial statements and

concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to

prepare the accounts on going concern basis.

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement

and certain other primary statements and the Report of the Director are not required to be filed with

the Registrar of Companies.

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

approval the financial statements of Alexandra's Financial Management Limited for the year ended

28 February 2017 which comprise the Income Statement, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Alexandra's Financial Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Alexandra's Financial Management Limited and state those matters that we have agreed to state to the director of Alexandra's Financial Management Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Alexandra's Financial Management 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 Alexandra's Financial Management Limited. You consider that Alexandra's Financial Management 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 Alexandra's Financial Management 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.

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

Date: .............................................