Genu Limited - Accounts to registrar (filleted) - small 18.1
Genu Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017 |
FOR |
GENU LIMITED |
GENU LIMITED (REGISTERED NUMBER: 06979654) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
GENU LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2017 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
No. 1 Royal Exchange |
London |
EC3V 3DG |
GENU LIMITED (REGISTERED NUMBER: 06979654) |
STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2017 |
31.8.17 | 31.8.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 director on |
GENU LIMITED (REGISTERED NUMBER: 06979654) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
1. | STATUTORY INFORMATION |
Genu Limited is a |
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. |
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary |
amounts in these financial statements are rounded to the nearest UK pound. |
The principle accounting polices adopted are set below. |
These financial statements for the year ended 31 August 2017 are the first financial statements of Genu Limited |
prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of |
Ireland. The date of transition to FRS 102 was 1 September 2016. The reported financial position and financial |
performance for the previous period are not affected by the transition to FRS 102. |
TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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 statement of financial position date. |
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, creditors, loans from banks and other third parties, loans to related parties |
and investments in non-puttable ordinary shares. |
CASH AND CASH EQUIVALENTS |
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other |
short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts |
are shown within borrowings in current liabilities. |
3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Other debtors |
Tax |
GENU LIMITED (REGISTERED NUMBER: 06979654) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.17 | 31.8.16 |
£ | £ |
Other creditors |
Accruals and deferred income |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.17 | 31.8.16 |
value: | £ | £ |
Ordinary Shares | £1 | 1 | 1 |
6. | RELATED PARTY DISCLOSURES |
Other debtors contain balances owed by H Parmar LLP. H Parmar LLP paid £100,000 on 23/02/2018 and the |
balance was paid on 10/03/2018. Therefore, the closing balance for H Parmar LLP was £NIL as at 10/03/2018 in the |
books of Genu Limited. |
All transactions were made at arms length and on normal commercial terms. No amounts were written off during the |
year. |