London School of Insurance (UK) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08907316 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

London School of Insurance (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Udai R Patel

Mrs Vinita Lotlikar

SECRETARY:

Mrs Vinita Lotlikar

REGISTERED OFFICE:

Third Floor

16 St Clare Street

London

EC3N 1LQ

REGISTERED NUMBER:

08907316 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

FIXED ASSETS

Intangible assets

3

15,964

-

CURRENT ASSETS

Debtors

4

7,600

-

Cash at bank and in hand

47,556

15,498

55,156

15,498

CREDITORS

Amounts falling due within one year

5

33,865

295

NET CURRENT ASSETS

21,291

15,203

TOTAL ASSETS LESS CURRENT LIABILITIES

37,255

15,203

CAPITAL AND RESERVES

Called up share capital

6

15,000

15,000

Retained earnings

7

22,255

203

SHAREHOLDERS' FUNDS

37,255

15,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 19 May 2017 and were signed on its behalf by:

Mrs Vinita Lotlikar - Director

1.	STATUTORY INFORMATION

London School of Insurance (UK) Ltd 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.

Turnover

Turnover represents net income receivable from sale of goods and services in the year, excluding

value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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.

3.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

21,285

At 28 February 2017

21,285

AMORTISATION

Charge for year

5,321

At 28 February 2017

5,321

NET BOOK VALUE

At 28 February 2017

15,964

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Other debtors

7,600

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade creditors

22,631

-

Taxation and social security

1,522

145

Other creditors

9,712

150

33,865

295

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.17

28.2.16

value:

£

£

15,000

Ordinary

£1

15,000

15,000

7.

RESERVES

Retained

earnings

£

At 29 February 2016

203

Profit for the year

22,052

At 28 February 2017

22,255

8.	ULTIMATE CONTROLLING PARTY