ACCOUNTS - Final Accounts

Share capital

Shares classified as equity

DEGRASSE CONSULTANTS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 09295732 2017-01-01 2017-12-31 09295732 2016-01-01 2016-12-31 09295732 2017-12-31 09295732 2016-12-31 09295732 c:Director1 2017-01-01 2017-12-31 09295732 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2017-12-31 09295732 d:Non-currentFinancialInstruments d:UnlistedNon-exchangeTraded 2016-12-31 09295732 d:CurrentFinancialInstruments 2017-12-31 09295732 d:CurrentFinancialInstruments 2016-12-31 09295732 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 09295732 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 09295732 d:ShareCapital 2017-12-31 09295732 d:ShareCapital 2016-12-31 09295732 d:RetainedEarningsAccumulatedLosses 2017-12-31 09295732 d:RetainedEarningsAccumulatedLosses 2016-12-31 09295732 c:OrdinaryShareClass1 2017-01-01 2017-12-31 09295732 c:OrdinaryShareClass1 2017-12-31 09295732 c:OrdinaryShareClass2 2017-01-01 2017-12-31 09295732 c:OrdinaryShareClass2 2017-12-31 09295732 c:OrdinaryShareClass3 2017-01-01 2017-12-31 09295732 c:OrdinaryShareClass3 2017-12-31 09295732 c:OrdinaryShareClass4 2017-01-01 2017-12-31 09295732 c:OrdinaryShareClass4 2017-12-31 09295732 c:FRS102 2017-01-01 2017-12-31 09295732 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 09295732 c:FullAccounts 2017-01-01 2017-12-31 09295732 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09295732

DEGRASSE CONSULTANTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

DEGRASSE CONSULTANTS LIMITED

REGISTERED NUMBER: 09295732

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Investments	4		100,000		266,665
			100,000		266,665
Current assets
Cash at bank and in hand		331,943		76,969
		331,943		76,969
Creditors: amounts falling due within one year	5	(268,117)		(243,703)
Net current assets/(liabilities)			63,826		(166,734)
Total assets less current liabilities			163,826		99,931

Net assets			163,826		99,931

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		163,726	99,831
		163,826	99,931

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DEGRASSE CONSULTANTS LIMITED

REGISTERED NUMBER: 09295732

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2017

The directors consider 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 directors acknowledge their 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 23 April 2018.

S Garbutta

Director

The notes on pages 3 to 5 form part of these financial statements.

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DEGRASSE CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	General information

Degrasse Consultants is a private company limited by shares. It is incorporated in England and Wales (company number 09295732) and its registered address and the principal place of business is 64 New Cavendish Street, London, W1G 8TB.

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 financial statements have been prepared in GBP which is the functional and presentational currency of the company.

The following principal accounting policies have been applied:

2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

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DEGRASSE CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Fixed asset investments

		Unlisted investments
		£
	Cost or valuation
	At 1 January 2017	266,665
	Disposals	(166,665)
	At 31 December 2017	100,000

	Net book value
	At 31 December 2017	100,000
	At 31 December 2016	266,665

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

Corporation tax	30,717	17,283
Other taxation and social security	9,900	170
Other creditors	227,500	226,250
	268,117	243,703

Allotted, called up and fully paid

25 Ordinary A shares of £1 each	25	25
25 Ordinary B shares of £1 each	25	25
25 Ordinary C shares of £1 each	25	25
25 Ordinary D shares of £1 each	25	25

	100	100

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DEGRASSE CONSULTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

7.	Related party transactions
	Included within other Creditors is £227,500 (2016: £226,250) owed by the company to the directors..

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