Positive Group (UK) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06494188 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

POSITIVE GROUP (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr L Parodi

Mr C Parodi

Mrs J L Jones

SECRETARY:

Mr L Parodi

REGISTERED OFFICE:

H1 The Fulcrum

Vantage Way

Mannings Heath Road

Poole

Dorset

BH12 4NU

REGISTERED NUMBER:

06494188 (England and Wales)

ACCOUNTANTS:

Accountants & Business Solutions Ltd

Certified Practising Accountants

Bokers Farm Office

Poole Road

Lytchett Matravers

POOLE

Dorset

BH16 6AG

FIXED ASSETS

Investments

3

6,040,000

6,040,000

CURRENT ASSETS

Debtors

4

544,767

452,906

Cash at bank

54,791

4,851

599,558

457,757

CREDITORS

Amounts falling due within one year

5

31,436

1,436

NET CURRENT ASSETS

568,122

456,321

TOTAL ASSETS LESS CURRENT LIABILITIES

6,608,122

6,496,321

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

6,598,122

6,486,321

SHAREHOLDERS' FUNDS

6,608,122

6,496,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 31 January 2018 and were signed on its behalf by:

Mr L Parodi - Director

1.	STATUTORY INFORMATION

Positive Group (UK) Limited 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 May 2016

and 30 April 2017

6,040,000

NET BOOK VALUE

At 30 April 2017

6,040,000

At 30 April 2016

6,040,000

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other debtors

544,767

452,906

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

(1

)

(1

)

Other creditors

31,437

1,437

31,436

1,436