Pandit & Associates Limited 31/12/2017 iXBRL

Pandit & Associates Limited 31/12/2017 iXBRL


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Company registration number: 04475718
Pandit & Associates Limited
Trading as Pandit & Associates Limited
Unaudited filleted financial statements
31 December 2017
Pandit & Associates Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Pandit & Associates Limited
Directors and other information
Directors Mr. A D Pandit
Mrs. A A Pandit
Secretary Mrs A A Pandit
Company number 04475718
Registered office 228 Portland Crescent
Stanmore
Middlesex
HA7 1LS
Business address Portland House
228 Portland Crescent
Stanmore
Middlesex
HA7 1LS
Accountants Pandit & Associates Limited
Portland House
228 Portland Crescent
Stanmore
Middlesex
HA7 1LS
Bankers Nationwide Building Society
2 Central Circus
Hendon
London
NW4 3JX
Solicitors R R Sanghvi & Co.
Sherwood House
176 Northolt Road
South Harrow
Middlesex HA2 0NP
Pandit & Associates Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Pandit & Associates Limited
Year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pandit & Associates Limited for the year ended 31 December 2017 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Association of Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the board of directors of Pandit & Associates Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pandit & Associates Limited and state those matters that we have agreed to state to the board of directors of Pandit & Associates Limited as a body, in this report in accordance with the requirements of Chartered Association of Certified Accountants as detailed at To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pandit & Associates Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Pandit & Associates 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 Pandit & Associates Limited . You consider that Pandit & Associates Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Pandit & Associates 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.
Pandit & Associates Limited
Chartered Certified Accountants & Registered Auditors
Portland House
228 Portland Crescent
Stanmore
Middlesex
HA7 1LS
7 May 2018
Pandit & Associates Limited
Statement of financial position
31 December 2017
2017 2016
£ £ £ £
Fixed assets 270,251 267,104
_______ _______
Current assets 215,740 192,043
Prepayments and accrued income 3,337 3,605
_______ _______
219,077 195,648
Creditors: amounts falling due within one year ( 209,861) ( 204,619)
_______ _______
Net current assets/(liabilities) 9,216 ( 8,971)
_______ _______
Total assets less current liabilities 279,467 258,133
Creditors: amounts falling due after more than one year ( 144,945) ( 155,899)
_______ _______
Net assets 134,522 102,234
_______ _______
Capital and reserves 134,522 102,234
_______ _______
Notes to the financial statements
Pandit & Associates Limited
Year ended 31 December 2017
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2016: Nil).
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 07 May 2018 , and are signed on behalf of the board by:
Mr. A D Pandit Mrs. A A Pandit
Director Director
Company registration number: 04475718
The company is a private company limited by shares, registered in England & Wales.