Alexandra's Financial Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06806862 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2018

for

Alexandra's Financial Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Flint

SECRETARY:

REGISTERED OFFICE:

7 Bankside

The Watermark

Gateshead

NE11 9SY

REGISTERED NUMBER:

06806862 (England and Wales)

ACCOUNTANTS:

Flannagans - Hartlepool office

Hub One, First Floor, Unit's 204 & 206

The Innovation Centre, Venture Court

Queens Meadow Business Park

Hartlepool

TS25 5TG

FIXED ASSETS

Intangible assets

4

400,000

425,000

Tangible assets

5

3,570

4,707

403,570

429,707

CURRENT ASSETS

Debtors

6

1,469

1,538

Cash at bank and in hand

11,150

3,850

12,619

5,388

CREDITORS

Amounts falling due within one year

7

65,182

112,120

NET CURRENT LIABILITIES

(52,563

)

(106,732

)

TOTAL ASSETS LESS CURRENT LIABILITIES

351,007

322,975

CREDITORS

Amounts falling due after more than one year

8

(300,700

)

(312,000

)

PROVISIONS FOR LIABILITIES

(7,889

)

(7,889

)

NET ASSETS

42,418

3,086

CAPITAL AND RESERVES

Called up share capital

9

2,600

2,600

Retained earnings

10

39,818

486

SHAREHOLDERS' FUNDS

42,418

3,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 October 2018 and were signed by:

N Flint - Director

1.	STATUTORY INFORMATION

Alexandra's Financial Management 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.

Goodwill

Following an Impairment Review of Goodwill it was deemed the economical life of the asset would

be 20 years, and the amortisation should commence to be provided for in the year after acquisition.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost, 20% on reducing balance and 15% on reducing balance

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 5 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2017

and 28 February 2018

500,000

AMORTISATION

At 1 March 2017

75,000

Charge for year

25,000

At 28 February 2018

100,000

NET BOOK VALUE

At 28 February 2018

400,000

At 28 February 2017

425,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 March 2017

and 28 February 2018

3,588

7,036

20,627

31,251

DEPRECIATION

At 1 March 2017

2,996

3,815

19,733

26,544

Charge for year

118

495

524

1,137

At 28 February 2018

3,114

4,310

20,257

27,681

NET BOOK VALUE

At 28 February 2018

474

2,726

370

3,570

At 28 February 2017

592

3,221

894

4,707

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

597

Other debtors

1,469

941

1,469

1,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to associated company

26,608

24,880

Taxation and social security

36,336

23,439

Other creditors

2,238

63,801

65,182

112,120

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

300,700

312,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

1

100

100

2,500

A Ordinary

1

2,500

2,500

2,600

2,600

10.

RESERVES

Retained

earnings

£

At 1 March 2017

486

Profit for the year

117,809

Dividends

(78,477

)

At 28 February 2018

39,818

11.	ULTIMATE CONTROLLING PARTY

The controlling party is N Flint.

During the year the company was under the control of the director together with his associate.

The company's tax status is that of a close company.

12.	GOING CONCERN

The director has reviewed a period of 12 months from approval of these financial statements and

concluded the company is able to meet all its liabilities as they fall due. As a result it is appropriate to

prepare the accounts on going concern basis.