Private Funding & Securities Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 02547948 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2017

for

Private Funding & Securities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A R Lamb FAIA

SECRETARY:

Saville Company Secretaries Limited

REGISTERED OFFICE:

10 Saville Court

Saville Place

Clifton

Bristol

BS8 4EJ

REGISTERED NUMBER:

02547948 (England and Wales)

ACCOUNTANTS:

PKB Underwood Lamb Associates Ltd

10 Saville Place

Saville Court

Clifton

Bristol

Avon

BS8 4EJ

FIXED ASSETS

Intangible assets

3

1,000

CURRENT ASSETS

Prepayments and accrued income

250

NET CURRENT ASSETS

250

TOTAL ASSETS LESS CURRENT LIABILITIES

1,250

CREDITORS

Amounts falling due after more than one year

4

37,280

NET LIABILITIES

(36,030

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(36,130

)

(36,030

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 23rd August 2017 and were signed by:

A R Lamb FAIA - Director

1.	STATUTORY INFORMATION

Private Funding & Securities 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

1,000

NET BOOK VALUE

At 31st March 2017

1,000

At 31st March 2016

1,000

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Trade creditors

656

Other creditors

36,624

37,280