ACCOUNTS - Final Accounts preparation

CELENTIS MANAGEMENT LTD - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-07-312017-07-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueThe principal activity of the company is that of the provision of management consultancy services.false2016-08-01 8143888 2016-08-01 2017-07-31 8143888 2015-08-01 2016-07-31 8143888 2017-07-31 8143888 2016-07-31 8143888 c:Director1 2016-08-01 2017-07-31 8143888 d:CurrentFinancialInstruments 2017-07-31 8143888 d:CurrentFinancialInstruments 2016-07-31 8143888 d:CurrentFinancialInstruments d:WithinOneYear 2017-07-31 8143888 d:CurrentFinancialInstruments d:WithinOneYear 2016-07-31 8143888 d:ShareCapital 2017-07-31 8143888 d:ShareCapital 2016-07-31 8143888 d:RetainedEarningsAccumulatedLosses 2017-07-31 8143888 d:RetainedEarningsAccumulatedLosses 2016-07-31 8143888 c:FRS102 2016-08-01 2017-07-31 8143888 c:AuditExempt-NoAccountantsReport 2016-08-01 2017-07-31 8143888 c:FullAccounts 2016-08-01 2017-07-31 8143888 c:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31 iso4217:GBP xbrli:pure

Registered number: 8143888

CELENTIS MANAGEMENT LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

CELENTIS MANAGEMENT LIMITED

REGISTERED NUMBER: 8143888

BALANCE SHEET

AS AT 31 JULY 2017

		2017		2016
Note		£		£


Current assets
Cash at bank and in hand	4	1,937		3,032
		1,937		3,032
Creditors: amounts falling due within one year	5	(1,881)		(2,995)
Net current assets			56		37
Total assets less current liabilities			56		37

Net assets			56		37

Capital and reserves
Called up share capital	2	2
Profit and loss account	54	35
	56	37

The director considers 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 director acknowledges his 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 statement of comprehensive income 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 18 October 2017.

P Watson

Director

The notes on pages 2 to 4 form part of these financial statements.

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CELENTIS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

1.	General information

Celentis Management Limited is a private company limited by shares and incorporated in England. The registered office is 1 Prospect Terrace, The Row, Elham, Kent CT4 6UL.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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.

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CELENTIS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

2.Accounting policies (continued)

2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

2.7

Taxation

Tax is recognised in the Statement of comprehensive income, 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.

Employees

The average monthly number of employees, including directors, during the Year was 1 (2016 - 1).

4.	Cash and cash equivalents
		2017	2016
		£	£

Cash at bank and in hand	1,937	3,032
	1,937	3,032

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

Corporation tax	1,231	1,120
Accruals and deferred income	650	1,875
	1,881	2,995

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CELENTIS MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

Related party transactions

Included within administrative expenses are management fees amounting to £64,100 (2016: £61,900) paid to Celentis (UK) Limited, a company registered in England and Wales that is controlled by P Watson and F Watson.
Also included within administrative expenses are bookkeeping fees amounting to £9,745 (2016: £9,048) paid to Little Peach Limited (formerly Celentis Limited), a company registered in England and Wales that is controlled by F Watson.

7.	Controlling party

During the year, the Company was controlled by P Watson.

8.	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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