WHP Tickets Limited Company Accounts

WHP Tickets Limited Company Accounts

WHP TICKETS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08076029
WHP Tickets Limited
Filleted Unaudited Financial Statements
31 May 2017
WHP Tickets Limited
Financial Statements
Year ended 31st May 2017
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
WHP Tickets Limited
Statement of Financial Position
31 May 2017
2017
2016
Note
£
£
£
£
Current assets
Investments
4
552
552
Cash at bank and in hand
1,148
3,737
-------
-------
1,700
4,289
Creditors: amounts falling due within one year
5
1,500
5,413
-------
-------
Net current assets/(liabilities)
200
( 1,124)
----
-------
Total assets less current liabilities
200
( 1,124)
----
-------
Net assets/(liabilities)
200
( 1,124)
----
-------
Capital and reserves
Called up share capital
200
200
Profit and loss account
–
( 1,324)
----
-------
Shareholders funds/(deficit)
200
( 1,124)
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31st May 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WHP Tickets Limited
Statement of Financial Position (continued)
31 May 2017
These financial statements were approved by the board of directors and authorised for issue on 14 February 2018 , and are signed on behalf of the board by:
S. Kandel
S. Lord-Marchionne
Director
Director
K. Smith
Director
Company registration number: 08076029
WHP Tickets Limited
Notes to the Financial Statements
Year ended 31st May 2017
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Burton Place, Castlefield, Manchester, M15 4PT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st June 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Investments
2017
2016
£
£
Other investments
552
552
----
----
5. Creditors: amounts falling due within one year
2017
2016
£
£
Social security and other taxes
–
4,633
Other creditors
1,500
780
-------
-------
1,500
5,413
-------
-------
6. Related party transactions
The company was under the control of Mr. S Lord-Marchionne, Mr. S. Kandel and Ms. K. Smith throughout the current period.
7. Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st June 2015.
No transitional adjustments were required in equity or profit or loss for the year.