Delamere Financial Services Limited Filleted accounts for Companies House (small and micro)

DELAMERE FINANCIAL SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05202821

Delamere Financial Services Limited

Filleted Unaudited Financial Statements

31 December 2017

Delamere Financial Services Limited

Statement of Financial Position

31 December 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	5	–	54
Cash at bank and in hand		15,395	13,042
		--------	--------
		15,395	13,096

Creditors: amounts falling due within one year	6	15,139		12,091
		--------		--------
Net current assets			256	1,005
			----	-------
Total assets less current liabilities			256	1,005
			----	-------
Net assets			256	1,005
			----	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	255	1,004
	----	-------
Shareholder funds	256	1,005
	----	-------

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 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 September 2018 , and are signed on behalf of the board by:

Miss M McCrae
Director

Company registration number: 05202821

Delamere Financial Services Limited

Notes to the Financial Statements

Year ended 31 December 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 83 London Road, Northwich, CW9 5HQ, Cheshire.

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.

Revenue recognition

The turnover shown in the profit and loss account represents income earned during the period from the activities of the company.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2016: 1 ).

5. Debtors

	2017	2016
	£	£
Other debtors	–	54
	----	----

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Corporation tax	237	–
Other creditors	14,902	12,091
	--------	--------
	15,139	12,091
	--------	--------