| Grosvenor Beaumont Financial Services Limited |
| Registered number: |
05610811 |
| Balance Sheet |
| as at 30 November 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1,050 |
|
|
650 |
|
| Current assets |
| Debtors |
3 |
|
4,412 |
|
|
13,400 |
| Cash at bank and in hand |
|
|
20,088 |
|
|
20,124 |
|
|
|
24,500 |
|
|
33,524 |
|
| Creditors: amounts falling due within one year |
4 |
|
(22,757) |
|
|
(30,023) |
|
| Net current assets |
|
|
|
1,743 |
|
|
3,501 |
|
| Total assets less current liabilities |
|
|
|
2,793 |
|
|
4,151 |
|
|
| Provisions for liabilities |
|
|
|
(210) |
|
|
(130) |
|
|
| Net assets |
|
|
|
2,583 |
|
|
4,021 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Profit and loss account |
|
|
|
2,383 |
|
|
3,821 |
|
| Shareholders' funds |
|
|
|
2,583 |
|
|
4,021 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J I Barnes |
| Director |
| Approved by the board on 25 August 2017 |
|
| Grosvenor Beaumont Financial Services Limited |
| Notes to the Accounts |
| for the year ended 30 November 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
|
|
Plant and machinery |
25% on reducing balance |
|
|
|
Debtors |
|
Short term debtors are measured at transaction price. Loans and other financial assets are recognised at transaction price. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 December 2015 |
3,485 |
|
Additions |
758 |
|
At 30 November 2016 |
4,243 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
2,835 |
|
Charge for the year |
358 |
|
At 30 November 2016 |
3,193 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
1,050 |
|
At 30 November 2015 |
650 |
|
|
| 3 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Other debtors |
4,412 |
|
13,400 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Corporation tax |
4,787 |
|
13,874 |
|
Other creditors |
17,970 |
|
16,149 |
|
|
|
|
|
|
22,757 |
|
30,023 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related party transactions |
|
J I Barnes/B Y Barnes, Directors - Dividends paid during year |
|
|
|
|
20,750 |
|
35,750 |
|
|
Grosvenor Beaumont Financial Planning Ltd - Amount due to related party |
|
|
|
|
912 |
|
2,212 |
|
Jeff Barnes International Ltd - Amount due from related party |
|
|
|
|
4,412 |
|
4,311 |
|
Guidepost Investments Ltd - Amount due to related party |
|
|
|
|
320 |
|
(1,430) |
|
J I Barnes, Director - Amount due to related party |
|
|
|
|
13,161 |
|
4,873 |
|
| 6 |
Other information |
|
|
Grosvenor Beaumont Financial Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Wise House |
|
38 Pinewood Avenue |
|
Potters Bar |
|
Hertfordshire |
|
EN6 2BD |
