Henry Wise Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09219263 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

HENRY WISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M F Cox BSc FCA

F J Mason Cox

REGISTERED OFFICE:

15 Henry Wise House

Vauxhall Bridge Road

London

SW1V 2SU

REGISTERED NUMBER:

09219263 (England and Wales)

ACCOUNTANTS:

Cox Costello & Horne

Chartered Accountants and Tax Advisors

4th & 5th Floor

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Tangible assets

3

524,733

547,705

CURRENT ASSETS

Debtors

4

-

20,000

Cash at bank

33,803

7,594

33,803

27,594

CREDITORS

Amounts falling due within one year

5

372,142

391,500

NET CURRENT LIABILITIES

(338,339

)

(363,906

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

186,394

183,799

CREDITORS

Amounts falling due after more than one
year

6

(150,000

)

(150,000

)

PROVISIONS FOR LIABILITIES

(8,713

)

(8,523

)

NET ASSETS

27,681

25,276

CAPITAL AND RESERVES

Called up share capital

20,000

1,000

Retained earnings

7,681

24,276

SHAREHOLDERS' FUNDS

27,681

25,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on its behalf
by:

M F Cox BSc FCA - Director

1.	STATUTORY INFORMATION

Henry Wise Limited is a private company, limited by shares , registered in England and Wales. The company's

registered 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2017

491,205

82,893

574,098

Additions

-

4,103

At 31 December 2017

491,205

86,996

578,201

DEPRECIATION

At 1 January 2017

9,814

16,579

26,393

Charge for year

9,814

17,261

27,075

At 31 December 2017

19,628

33,840

53,468

NET BOOK VALUE

At 31 December 2017

471,577

53,156

524,733

At 31 December 2016

481,391

66,314

547,705

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade debtors

-

20,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

Trade creditors

1

-

Amounts owed to participating interests

45,000

82,310

Other creditors

327,141

309,190

372,142

391,500

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

Other creditors

150,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

100,000

Robin of Heathfield Loan

50,000

150,000

Henry Wise Limited - Accounts to registrar (filleted) - small 18.1

Henry Wise Limited - Accounts to registrar (filleted) - small 18.1