BEAUMONT INVEST SERVICES LTD - Period Ending 2016-12-31
BEAUMONT INVEST SERVICES LTD - Period Ending 2016-12-31
Registration number:
BEAUMONT INVEST SERVICES LTD
for the Period from 1 February 2016 to 31 December 2016
BEAUMONT INVEST SERVICES LTD
Contents
Company Information |
|
Directors' Report |
|
Profit and Loss Account |
|
Statement of Comprehensive Income |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Financial Statements |
BEAUMONT INVEST SERVICES LTD
Company Information
Directors |
Mr Gianluigi Torzi Mr Andreella Giancarlo |
Registered office |
|
Page 1 |
BEAUMONT INVEST SERVICES LTD
Directors' Report for the Period from 1 February 2016 to 31 December 2016
The directors present their report and the financial statements for the period from 1 February 2016 to 31 December 2016.
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is that of providing professional services in the financial field.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr Andreella Giancarlo
Director
Page 2 |
BEAUMONT INVEST SERVICES LTD
Profit and Loss Account for the Period from 1 February 2016 to 31 December 2016
Note |
Total |
Total |
|
Turnover |
|
- |
|
Cost of sales |
( |
- |
|
Gross profit |
|
- |
|
Administrative expenses |
( |
- |
|
Operating profit |
|
- |
|
Interest payable and similar expenses |
( |
- |
|
(14,836) |
- |
||
Profit before tax |
|
- |
|
Profit for the financial period |
|
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Page 3 |
BEAUMONT INVEST SERVICES LTD
Statement of Comprehensive Income for the Period from 1 February 2016 to 31 December 2016
Note |
2016 |
2016 |
|
Profit for the period |
|
- |
|
Total comprehensive income for the period |
|
- |
Page 4 |
BEAUMONT INVEST SERVICES LTD
(Registration number: 8829638)
Balance Sheet as at 31 December 2016
Note |
2016 |
2016 |
|
Fixed assets |
|||
Tangible assets |
|
- |
|
Current assets |
|||
Debtors |
|
- |
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
- |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
- |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
- |
|
Total equity |
|
|
For the financial period ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
.........................................
Mr Andreella Giancarlo
Director
Page 5 |
BEAUMONT INVEST SERVICES LTD
Statement of Changes in Equity for the Period from 1 February 2016 to 31 December 2016
Share capital |
Profit and loss account |
Total |
|
At 1 February 2016 |
|
- |
|
Profit for the period |
- |
|
|
Total comprehensive income |
- |
|
|
New share capital subscribed |
|
- |
|
At 31 December 2016 |
|
|
|
Share capital |
Total |
|
At 1 February 2015 |
|
|
At 31 January 2016 |
|
|
Page 6 |
BEAUMONT INVEST SERVICES LTD
Notes to the Financial Statements for the Period from 1 February 2016 to 31 December 2016
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
Reducing balance 25% |
Office Furniture |
Reducing balance 25% |
Page 7 |
BEAUMONT INVEST SERVICES LTD
Notes to the Financial Statements for the Period from 1 February 2016 to 31 December 2016
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Profit before tax |
Arrived at after charging/(crediting)
2016 |
2016 |
|
Depreciation expense |
|
- |
Page 8 |
BEAUMONT INVEST SERVICES LTD
Notes to the Financial Statements for the Period from 1 February 2016 to 31 December 2016
Tangible assets |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
||
Additions |
|
|
At 31 December 2016 |
|
|
Depreciation |
||
Charge for the year |
|
|
At 31 December 2016 |
|
|
Carrying amount |
||
At 31 December 2016 |
|
|
Debtors |
2016 |
2016 |
|
Trade debtors |
|
- |
Other debtors |
|
- |
Total current trade and other debtors |
|
- |
Creditors |
Note |
2016 |
2016 |
|
Due within one year |
|||
Other creditors |
|
- |
|
Due after one year |
|||
Loans and borrowings |
|
- |
Loans and borrowings |
2016 |
2016 |
|
Non-current loans and borrowings |
||
Other borrowings |
|
- |
Page 9 |
BEAUMONT INVEST SERVICES LTD
Detailed Profit and Loss Account for the Period from 1 February 2016 to 31 December 2016
2016 |
2016 |
|
Turnover (analysed below) |
595,832 |
- |
Cost of sales (analysed below) |
(1,580) |
- |
Gross profit |
594,252 |
- |
Gross profit (%) |
99.73% |
0% |
Administrative expenses |
||
Establishment costs (analysed below) |
(114,102) |
- |
General administrative expenses (analysed below) |
(440,643) |
- |
Finance charges (analysed below) |
(200) |
- |
Depreciation costs (analysed below) |
(7,977) |
- |
(562,922) |
- |
|
Operating profit |
31,330 |
- |
Interest payable and similar expenses (analysed below) |
(14,836) |
- |
Profit before tax |
16,494 |
- |
Page 10 |
BEAUMONT INVEST SERVICES LTD
Detailed Profit and Loss Account for the Period from 1 February 2016 to 31 December 2016
2016 |
2016 |
Turnover |
||
Commissions receivable |
595,832 |
- |
Cost of sales |
||
Direct costs |
1,580 |
- |
Establishment costs |
||
Rent and rates |
(114,102) |
- |
General administrative expenses |
||
Telephone and fax |
(3,661) |
- |
Printing, postage and stationery |
(1,552) |
- |
Cleaning |
(1,101) |
- |
Travel and subsistence |
(13,444) |
- |
Accountancy fees |
(2,354) |
- |
Consultancy fees |
(410,180) |
- |
Management fees |
(8,351) |
- |
(440,643) |
- |
Finance charges |
||
Bank charges |
(200) |
- |
Depreciation costs |
||
Depreciation of fixtures and fittings (owned) |
(4,004) |
- |
Depreciation of office equipment (owned) |
(3,973) |
- |
(7,977) |
- |
Interest payable and similar expenses |
||
Other interest payable on loans 2-5 years |
6,066 |
- |
Foreign currency (gains)/losses |
8,770 |
- |
14,836 |
- |
Page 11 |