The Placement Group (Contracts) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07485646

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

THE PLACEMENT GROUP (CONTRACTS) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr E C Simpson

Mr S Porter

REGISTERED OFFICE:

110 Brooker Road

Waltham Abbey

Essex

EN9 1JH

REGISTERED NUMBER:

07485646

AUDITORS:

Raffingers LLP (Statutory Auditors)

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

CURRENT ASSETS

Debtors

60,548

117,305

Cash in hand

100

100

60,648

117,405

CREDITORS

Amounts falling due within one year

60,330

100,979

NET CURRENT ASSETS

318

16,426

TOTAL ASSETS LESS CURRENT LIABILITIES

318

16,426

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

218

16,326

SHAREHOLDERS' FUNDS

318

16,426

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 July 2018 and were signed on its behalf by:

Mr E C Simpson - Director

1.	STATUTORY INFORMATION

The Placement Group (Contracts) Ltd is a private company, limited by shares, registered in England & Wales.

The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the £ sterling.

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.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Income

Income represents net invoiced brand licensing fee charged to parent company.

3.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Adam Howard Moody FCCA (Senior Statutory Auditor)

for and on behalf of Raffingers LLP (Statutory Auditors)

4.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns

to the tax authorities and assist with the preparation of the financial statements.