Mawney Partners Limited - Accounts to registrar (filleted) - small 17.3
Mawney Partners Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 9 August 2016 to 31 July 2017 |
for |
MAWNEY PARTNERS LIMITED |
MAWNEY PARTNERS LIMITED (REGISTERED NUMBER: 08643157) |
Contents of the Financial Statements |
for the period 9 August 2016 to 31 July 2017 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Statement of Financial Position | 3 |
Notes to the Financial Statements | 4 | to | 6 |
MAWNEY PARTNERS LIMITED |
Company Information |
for the period 9 August 2016 to 31 July 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Mawney Partners Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Mawney Partners Limited for the period ended 31 July 2017 which comprise the Income |
Statement, Statement of Financial Position and the related notes from the company's accounting records and from |
information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Mawney Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mawney Partners Limited and state those matters that we have agreed to state to the Board of Directors of Mawney Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mawney Partners Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Mawney Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mawney Partners Limited. You consider that Mawney Partners Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Mawney Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
MAWNEY PARTNERS LIMITED (REGISTERED NUMBER: 08643157) |
Statement of Financial Position |
31 July 2017 |
31/7/17 | 8/8/16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
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 |
MAWNEY PARTNERS LIMITED (REGISTERED NUMBER: 08643157) |
Notes to the Financial Statements |
for the period 9 August 2016 to 31 July 2017 |
1. | STATUTORY INFORMATION |
Mawney Partners Limited is a |
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 directors have decided to change to the above accounting standard from Financial Reporting Standard 105 |
as they believe the additional information is beneficial to the company's stakeholders. |
The financial statements have been prepared under the historical cost convention |
Revenue |
Revenue is measured at the fair value of the consideration received or receivable, and represents amounts |
receivable for services rendered net of discounts, rebates, value added tax and other sales taxes. |
Revenue from recruitment services is recognised at the point the candidate commences employment for a |
client, when the amount of revenue can be measured reliably and it is probable that future economic benefits |
will flow to the entity |
Property, plant and equipment |
Fixtures and fittings | - |
At the date of the statement of financial position, the company reviews the carrying value of its tangible fixed |
assets to determine whether there is any indication that any items have suffered an impairment loss. If any |
such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the |
impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company |
estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
Taxation |
Taxation represents tax currently payable on the taxable profits for the period. |
The company's liability for current tax is calculated using tax rates that have been enacted, or substantively |
enacted by the end of the reporting period. |
Leasing commitments |
Rentals paid under operating leases are charged to the income statement on a straight line basis over the |
period of the lease. |
Pension costs and other post-retirement benefits |
The company contributes to the personal pension schemes of certain employees. Contributions payable are |
charged to the income statement in the period to which they relate. |
MAWNEY PARTNERS LIMITED (REGISTERED NUMBER: 08643157) |
Notes to the Financial Statements - continued |
for the period 9 August 2016 to 31 July 2017 |
2. | ACCOUNTING POLICIES - continued |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the date |
of the statement of financial position. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the |
operating result. |
Financial instruments |
Short-term debtors are measured at transaction price, less any impairment. The impairment loss is measured |
as the difference between an asset's carrying value and the best estimate of the amount that the company |
would receive for the asset if it were to be sold at the reporting date. |
Short-term trade creditors are measured at the transaction price. Other financial liabilities are measured |
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
effective interest method. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and |
fittings |
£ |
COST |
At 9 August 2016 |
Additions |
At 31 July 2017 |
DEPRECIATION |
At 9 August 2016 |
Charge for period |
At 31 July 2017 |
NET BOOK VALUE |
At 31 July 2017 |
At 8 August 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/17 | 8/8/16 |
£ | £ |
Trade debtors |
Other debtors |
MAWNEY PARTNERS LIMITED (REGISTERED NUMBER: 08643157) |
Notes to the Financial Statements - continued |
for the period 9 August 2016 to 31 July 2017 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/7/17 | 8/8/16 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
Key management personnel of the entity |
31/7/17 | 8/8/16 |
£ | £ |
Dividends paid by the company | 34,850 | - |
Interest-free unsecured loan due to related party | 45,727 | 69,761 |