Streamwain Finance Limited - Accounts to registrar - small 17.1

Streamwain Finance Limited - Accounts to registrar - small 17.1

STREAMWAIN FINANCE LIMITED - Company Information

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REGISTERED NUMBER: 01270212 (England and Wales)

















STREAMWAIN FINANCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2017





Landau Morley LLP
Chartered Accountants
York House
Empire Way
Wembley
Middlesex
HA9 0FQ








STREAMWAIN FINANCE LIMITED (REGISTERED NUMBER: 01270212)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STREAMWAIN FINANCE LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2017







DIRECTORS: Mr B M Samuels
Mr A D Samuels





SECRETARY: Mr A D Samuels





REGISTERED OFFICE: 314 Regents Park Road
London
N3 2JX





REGISTERED NUMBER: 01270212 (England and Wales)





ACCOUNTANTS: Landau Morley LLP
Chartered Accountants
York House
Empire Way
Wembley
Middlesex
HA9 0FQ
Page 1
STREAMWAIN FINANCE LIMITED (REGISTERED NUMBER: 01270212)

BALANCE SHEET
31 JANUARY 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Investments 3 50 50

CURRENT ASSETS
Debtors 4 324,279 310,270
Cash at bank 20,055 16,336
344,334 326,606
CREDITORS
Amounts falling due within one year 5 20,209 20,235
NET CURRENT ASSETS 324,125 306,371
TOTAL ASSETS LESS CURRENT
LIABILITIES
324,175
306,421

CAPITAL AND RESERVES
Called up share capital 7 100 100
Other reserves 36,472 36,472
Retained earnings 287,603 269,849
SHAREHOLDERS' FUNDS 324,175 306,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2017 and were signed on its behalf by:





Mr A D Samuels - Director


The notes form part of these financial statements

Page 2
STREAMWAIN FINANCE LIMITED (REGISTERED NUMBER: 01270212)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2017

1. STATUTORY INFORMATION

Streamwain Finance 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 represents interest received on mortgage advances during the year.

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2016
and 31 January 2017 50
NET BOOK VALUE
At 31 January 2017 50
At 31 January 2016 50

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Mortgage advances 317,662 297,820
Other debtors 6,617 12,450
324,279 310,270

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Corporation tax 4,438 3,462
Sundry creditors 11,413 13,075
Amounts due to Subsidiary Co. 3,698 -
Directors' current accounts 660 3,698
20,209 20,235

6. FINANCIAL INSTRUMENTS

The company's financial instruments comprise mainly of its cash at bank as liquid resources. The purpose of these financial
instruments is to fund short term mortgage advances made by the company and to provide the company's working capital.

The main financial risks arising from the company's activities are that of a loss arising on redemption of the capital or the
inability to service interest.

The company's policy in respect of risk is to ensure that adequate security exists before making the advance through
appropriate checks on the security valuation, the ability for the client to service the loan, and credit checks on the client. The
company then constantly monitors the advances to ensure recoverability.

The company's policy in respect of liquidity risk, is to maintain sufficient funds for mortgage advances through its owns
resources to service the budgeted lending.

Page 3 continued...
STREAMWAIN FINANCE LIMITED (REGISTERED NUMBER: 01270212)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2017

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.17 31.1.16
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE PARENT UNDERTAKING

The company is under the control of its holding company, B M Samuels Finance Group plc.
The address of the parent's registered office is 314 Regents Park Road. Finchley. London N3 2JX.
The principal place of the business is the parent's registered office.

Page 4