Frontline Performance UK Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08531698 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Frontline Performance UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P T McLoughlin

Z Khoury

B Sheehe

REGISTERED OFFICE:

The Granary, Watermill House

Chevening Road

Chipstead

Sevenoaks

Kent

TN13 2RY

REGISTERED NUMBER:

08531698 (England and Wales)

ACCOUNTANTS:

AW Accounting

12 Chequers Close

Istead Rise

Gravesend

Kent

DA13 9HJ

FIXED ASSETS

Tangible assets

4

4,192

36,242

CURRENT ASSETS

Debtors

5

2,318,476

1,204,457

Cash at bank

469,581

306,437

2,788,057

1,510,894

CREDITORS

Amounts falling due within one year

6

2,110,461

1,295,601

NET CURRENT ASSETS

677,596

215,293

TOTAL ASSETS LESS CURRENT LIABILITIES

681,788

251,535

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

680,788

250,535

SHAREHOLDERS' FUNDS

681,788

251,535

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 September 2017 and were signed on its behalf by:

P T McLoughlin - Director

1.	STATUTORY INFORMATION

Frontline Performance UK 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery etc

-

50% on cost

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 16 .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 January 2016

15,979

55,133

71,112

Disposals

(15,979

)

(7,910

)

(23,889

)

At 31 December 2016

-

47,223

47,223

DEPRECIATION

At 1 January 2016

5,326

29,544

34,870

Charge for year

-

16,124

16,124

Eliminated on disposal

(5,326

)

(2,637

)

(7,963

)

At 31 December 2016

-

43,031

43,031

NET BOOK VALUE

At 31 December 2016

-

4,192

4,192

At 31 December 2015

10,653

25,589

36,242

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

1,399,513

1,044,584

Amounts owed by group undertakings

795,439

90,781

VAT

-

20,400

Prepayments

123,524

48,692

2,318,476

1,204,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

69,663

327,969

Amounts owed to group undertakings

572,578

352,560

Tax

(126,702

)

548,338

Social security and other taxes

331,651

58,162

VAT

75,154

-

Accrued expenses

1,188,117

8,572

2,110,461

1,295,601

7.	RELATED PARTY DISCLOSURES

Frontline Performance Group Holdings LLC

100% holding company of Frontline Performance UK Ltd

Included within amounts owed by group undertakings is a net amount of £795,439 in respect of inter company

transfers during the year including reimbursements for shared costs related to royalties, back office expenses

and executive salaries

Amount due from related party at the balance sheet date was £795,439 (2015: Nil)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Z Khoury.