ACCOUNTS - Final Accounts

POPKIN & PARTNERS LIMITED - Company Information

Caseware UK (AP4) 2014.0.91 2014.0.91 2017-01-312017-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2016-02-01 03426128 2016-02-01 2017-01-31 03426128 2017-01-31 03426128 2016-01-31 03426128 c:Director1 2016-02-01 2017-01-31 03426128 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-01-31 03426128 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-01-31 03426128 d:CurrentFinancialInstruments 2017-01-31 03426128 d:CurrentFinancialInstruments 2016-01-31 03426128 d:CurrentFinancialInstruments d:WithinOneYear 2017-01-31 03426128 d:CurrentFinancialInstruments d:WithinOneYear 2016-01-31 03426128 d:ShareCapital 2017-01-31 03426128 d:ShareCapital 2016-01-31 03426128 d:RetainedEarningsAccumulatedLosses 2017-01-31 03426128 d:RetainedEarningsAccumulatedLosses 2016-01-31 03426128 c:FRS102 2016-02-01 2017-01-31 03426128 c:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 03426128 c:FullAccounts 2016-02-01 2017-01-31 03426128 c:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 iso4217:GBP

Registered number: 03426128

POPKIN & PARTNERS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

POPKIN & PARTNERS LIMITED

REGISTERED NUMBER: 03426128

BALANCE SHEET

AS AT 31 JANUARY 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		2,017,204		1,973,723
			2,017,204		1,973,723
Current assets
Cash at bank and in hand	5	28,511		16,048
		28,511		16,048
Creditors: amounts falling due within one year	6	(17,580)		(18,753)
Net current assets/(liabilities)			10,931		(2,705)
Total assets less current liabilities			2,028,135		1,971,018

Net assets			2,028,135		1,971,018

Capital and reserves
Called up share capital	300,000	300,000
Profit and loss account	1,728,135	1,671,018
	2,028,135	1,971,018

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 August 2017.

C S Atkin

Director

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POPKIN & PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

1.	General information

Popkin & Partners Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03426128. The registered office is 20 Central Avenue, St Andrews Business Park, Thorpe St Andrew, Norwich, Norfolk, NR7 0HR.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Valuation of investments

Investments held as fixed assets represent the company's share of capital and retained profits in a partnership in which it is a corporate partner.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.6

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method.

2.7

Taxation

Tax is recognised in the Profit and Loss Account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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POPKIN & PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Employees

The average monthly number of employees, including directors, during the year was 0 (2016 - 0).

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 February 2016	1,973,723
	Additions	43,481
	At 31 January 2017	2,017,204

	Net book value
	At 31 January 2017	2,017,204
	At 31 January 2016	1,973,723

5.	Cash and cash equivalents
		2017	2016
		£	£

	Cash at bank and in hand	28,511	16,048

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Corporation tax	16,367	17,540
Accruals and deferred income	1,213	1,213
	17,580	18,753

7.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

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