Accounts Submission

WALPOLE FINANCIAL LIMITED - Company Information

Company Accounts and Tax Online 05954445 Board of Directors 1.1.16 31.12.16 31.12.16 false iso4217:GBP xbrli:pure 05954445 2015-01-01 2015-12-31 05954445 2016-12-31 05954445 2016-01-01 2016-12-31 05954445 2015-12-31 05954445 countries:EnglandWales 2016-01-01 2016-12-31 05954445 curr:PoundSterling 2016-01-01 2016-12-31 05954445 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 05954445 uk-bus:FRS102 2016-01-01 2016-12-31 05954445 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 05954445 uk-bus:FullAccounts 2016-01-01 2016-12-31 05954445 uk-bus:RegisteredOffice 2016-01-01 2016-12-31 05954445 uk-bus:Director1 2016-01-01 2016-12-31 05954445 uk-bus:Director1 2016-01-01 05954445 uk-bus:Director1 2016-12-31 05954445 uk-bus:Director2 2016-01-01 2016-12-31 05954445 uk-bus:Director2 2016-01-01 05954445 uk-bus:Director2 2016-12-31 05954445 core:AfterOneYear 2016-12-31 05954445 core:AfterOneYear 2015-12-31 05954445 core:WithinOneYear 2016-12-31 05954445 core:WithinOneYear 2015-12-31 05954445 core:WithinOneYear 2016-01-01 2016-12-31 05954445 core:AfterOneYear 2016-12-31 05954445 core:AfterOneYear 2015-12-31 05954445 core:AfterOneYear 2016-01-01 2016-12-31 05954445 core:ShareCapital 2016-12-31 05954445 core:ShareCapital 2015-12-31 05954445 core:RevaluationReserve 2016-12-31 05954445 core:RevaluationReserve 2015-12-31 05954445 core:RetainedEarningsAccumulatedLosses 2016-12-31 05954445 core:RetainedEarningsAccumulatedLosses 2015-12-31 05954445 1 2016-01-01 2016-12-31 05954445 core:LandBuildings 2016-01-01 2016-12-31 05954445 core:LandBuildings 2016-12-31 05954445 core:LandBuildings 2015-01-01 2015-12-31 05954445 core:LandBuildings 2015-12-31 05954445 core:PlantMachinery 2016-01-01 2016-12-31 05954445 core:PlantMachinery 2016-12-31 05954445 core:PlantMachinery 2015-01-01 2015-12-31 05954445 core:PlantMachinery 2015-12-31 05954445 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 05954445 core:FurnitureFittingsToolsEquipment 2016-12-31 05954445 core:FurnitureFittingsToolsEquipment 2015-01-01 2015-12-31 05954445 core:FurnitureFittingsToolsEquipment 2015-12-31 05954445 core:OfficeEquipment 2016-01-01 2016-12-31 05954445 core:OfficeEquipment 2016-12-31 05954445 core:OfficeEquipment 2015-01-01 2015-12-31 05954445 core:OfficeEquipment 2015-12-31 05954445 core:Vehicles 2016-01-01 2016-12-31 05954445 core:Vehicles 2016-12-31 05954445 core:Vehicles 2015-01-01 2015-12-31 05954445 core:Vehicles 2015-12-31 05954445 core:NetGoodwill 2016-01-01 2016-12-31 05954445 core:NetGoodwill 2016-12-31 05954445 core:NetGoodwill 2015-01-01 2015-12-31 05954445 core:NetGoodwill 2015-12-31 05954445 core:IntangibleAssetsOtherThanGoodwill 2016-01-01 2016-12-31 05954445 core:IntangibleAssetsOtherThanGoodwill 2016-12-31 05954445 core:IntangibleAssetsOtherThanGoodwill 2015-01-01 2015-12-31 05954445 core:IntangibleAssetsOtherThanGoodwill 2015-12-31

Company Registration Number:
05954445 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 10

Directors' Report Period Ended 31 December 2016

The directors present their report with the financial statements of the company for the period ended 31 December 2016

Principal Activities

The Company's principle activity during the year continued to be the provision of independent financial advice to individuals, trustees, pension funds and business.

Directors

The directors shown below have held office during the whole of the period from 01 January 2016 to 31 December 2016
Jeffrey Townsley
Oliver Slade

This report was approved by the board of directors on 13 February 2017
And Signed On Behalf Of The Board By:

Name: Oliver Slade
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2016

	2016 £	2015 £
Turnover	451,986	434,337
Gross Profit or (Loss)	451,986	434,337
Administrative Expenses	(338,017)	(318,594)
Operating Profit or (Loss)	113,969	115,743
Interest Receivable and Similar Income	10	68
Interest Payable and Similar Charges	(57)	(600)
Profit or (Loss) Before Tax	113,922	115,211
Tax on Profit	(22,784)	(23,636)
Profit or (Loss) for Period	91,138	91,575

The notes form part of these financial statements

Balance sheet

As at 31 December 2016

	Notes	2016 £	2015 £
Fixed assets
Tangible assets:	3	7,309	9,745
Total fixed assets:		7,309	9,745
Current assets
Debtors:	4	4,708	10,157
Cash at bank and in hand:		99,724	136,758
Total current assets:		104,432	146,915
Creditors: amounts falling due within one year:	5	( 81,644 )	( 115,046 )
Net current assets (liabilities):		22,788	31,869
Total assets less current liabilities:		30,097	41,614
Total net assets (liabilities):		30,097	41,614

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

	2016 £	2015 £
Capital and reserves
Called up share capital:	100	100
Profit and loss account:	29,997	41,514
Shareholders funds:	30,097	41,614

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 13 February 2017
And Signed On Behalf Of The Board By:

Name: Oliver Slade
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents net sales of services excluding VAT.

Tangible fixed assets depreciation policy

The Company depreciates at 25% reducing balance.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Dividends

	2016 £	2015 £
Dividends paid	101,565	87,088

Dividends of £101,656 were paid - 50% to Oliver Slade, 50% to Alexandra Slade

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible assets

	Fixtures & fittings	Office equipment	Total
Cost	£	£	£
At 01 January 2016	26,868	-	26,868
Additions	-	-	-
Disposals	-	-	-
Revaluations	-	-	-
Transfers	-	-	-
At 31 December 2016	26,868	-	26,868
Depreciation
At 01 January 2016	17,123	-	17,123
Charge for year	2,436	-	2,436
On disposals	-	-	-
Other adjustments	-	-	-
At 31 December 2016	19,559	-	19,559
Net book value
At 31 December 2016	7,309	-	7,309
At 31 December 2015	9,745	-	9,745

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Debtors

	2016 £	2015 £
Other debtors	4,708	10,157
Total	4,708	10,157

Notes to the Financial Statements

for the Period Ended 31 December 2016

5.Creditors: amounts falling due within one year note

	2016 £	2015 £
Taxation and social security	22,784	23,636
Other creditors	58,860	91,410
Total	81,644	115,046

Director:		Jeffrey Townsley
		Oliver Slade


Registered office:		28 Claremont Road Surbiton Surrey KT6 4RF


Company Registration Number:		05954445 (England and Wales)

Accounts Submission