Accounts Submission

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Company Registration Number:
03605982 (England and Wales)

Unaudited abridged 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
Profit and Loss notes - 9
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 principal activity of the company continued to be niche insurance intermediary services. As an independent, specialist business, La Playa delivers transatlantic capability with expert advice and personal services.

Political and charitable donations

Charitable donations during the year amounted to £770 (2015 - £605).

Additional information

For the year ended 31 December 2016 the Company was entitled to an exemption from audit in accordance with section 477 of the Companies Act 2006. This report was approved by the board on 31st July 2017, and has been prepared in accordance with the small companies regime of the Companies Act 2006.

Directors

The directors shown below have held office during the whole of the period from 01 January 2016 to 31 December 2016
MJ Boon
JC Allan
AR Gale
M Clark

Secretary
SA Scammell

This report was approved by the board of directors on 31 July 2017
And Signed On Behalf Of The Board By:

Name: MJ Boon
Status: Director

Profit and Loss Account

for the Period Ended 31 December 2016

	Notes	2016 £	2015 £
Gross Profit or (Loss)		(124,809)	241,641
Operating Profit or (Loss)		(124,809)	241,641
Interest Receivable and Similar Income		2,117	2,127
Interest Payable and Similar Charges		(14,183)	(19,563)
Profit or (Loss) Before Tax	2	(136,875)	224,205
Tax on Profit		(423)	(52,819)
Profit or (Loss) for Period		(137,298)	171,386

The notes form part of these financial statements

Balance sheet

As at 31 December 2016

	Notes	2016 £	2015 £
Fixed assets
Intangible assets:	3	227,579	227,579
Tangible assets:	4	15,678	35,846
Total fixed assets:		243,257	263,425
Current assets
Debtors:		1,567,178	1,281,621
Cash at bank and in hand:		380,331	422,787
Total current assets:		1,947,509	1,704,408
Creditors: amounts falling due within one year:		( 1,597,755 )	( 1,476,411 )
Net current assets (liabilities):		349,754	227,997
Total assets less current liabilities:		593,011	491,422
Creditors: amounts falling due after more than one year:		( 279,687 )	( 40,800 )
Total net assets (liabilities):		313,324	450,622

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:	290,730	290,730
Profit and loss account:	22,594	159,892
Shareholders funds:	313,324	450,622

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 31 July 2017
And Signed On Behalf Of The Board By:

Name: MJ Boon
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 commission and related income arising from premiums written and managed service charges from La Playa Wealth LLP (formerly La Playa Financial Management LLP), La Playa LLC and Markham Private Clients Limited.

Intangible fixed assets amortisation policy

Investment in La Playa Wealth LLP (Formerly La Playa Financial Management LLP) is held at cost plus unrealised goodwill as a result of the corporate resturing in 2015. Investments in associated companies are held at cost. The company’s holding of fine art is held at cost.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2.Profit or (Loss) before tax

The gross profit (loss) is calculated after charging a management fee to the holding company La Playa Global Ltd along with investment that has been made in hiring experienced staff and appropriately compensating them.

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Intangible assets

	Total
Cost	£
At 01 January 2016	227,579
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	227,579
Amortisation
Charge for year	-
On disposals	-
Other adjustments	-
Amortisation at 31 December 2016	-
Net book value
Net book value at 31 December 2016	227,579
Net book value at 31 December 2015	227,579

The company owns 81.67% of the capital in La Playa Wealth LLP (formerly La Playa Financial Management LLP) (2015:81.67%); 40% of the capital in La Playa LLC (2015:40%) and 10% of the capital in Markham Private Clients Limited (2015:10%).

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Tangible Assets

	Total
Cost	£
At 01 January 2016	220,566
Additions	3,516
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	224,082
Depreciation
At 01 January 2016	184,720
Charge for year	23,684
On disposals	-
Other adjustments	-
At 31 December 2016	208,404
Net book value
At 31 December 2016	15,678
At 31 December 2015	35,846

Accounts Submission