Athara Financial Services Limited - Accounts to registrar (filleted) - small 18.2

Athara Financial Services Limited - Accounts to registrar (filleted) - small 18.2

ATHARA FINANCIAL SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 09393032 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2018

for

Athara Financial Services Limited
Athara Financial Services Limited (Registered number: 09393032)






Contents of the Financial Statements
for the Year Ended 31 January 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Athara Financial Services Limited

Company Information
for the Year Ended 31 January 2018







DIRECTORS: Mr R J Gobey
Mr R Sood





SECRETARY: Mr R Sood





REGISTERED OFFICE: 1-6 Yarmouth Place
London
W1J 7BU





REGISTERED NUMBER: 09393032 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ
Page 1
Athara Financial Services Limited (Registered number: 09393032)

Statement of Financial Position
31 January 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Debtors 4 50 -
Cash at bank and in hand 35,156 48,711
35,206 48,711
CREDITORS
Amounts falling due within one year 5 14,838 29,777
NET CURRENT ASSETS 20,368 18,934
TOTAL ASSETS LESS CURRENT
LIABILITIES
20,368
18,934

CAPITAL AND RESERVES
Called up share capital 6 110 100
Retained earnings 7 20,258 18,834
SHAREHOLDERS' FUNDS 20,368 18,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 October 2018 and were signed on its behalf by:





Mr R Sood - Director


The notes form part of these financial statements

Page 2
Athara Financial Services Limited (Registered number: 09393032)

Notes to the Financial Statements
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Athara Financial Services 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Directors' current accounts 50 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed to group undertakings - 24,450
Tax 12,628 4,977
Directors' current accounts 1,790 -
Accrued expenses 420 350
14,838 29,777

Page 3 continued...
Athara Financial Services Limited (Registered number: 09393032)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2018

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
10 Ordinary A £1 10 -
100 Ordinary £1 100 100
110 100

The following shares were issued during the year for cash at par :

10 Ordinary A shares of £1

7. RESERVES
Retained
earnings
£   

At 1 February 2017 18,834
Profit for the year 53,274
Dividends (51,850 )
At 31 January 2018 20,258

8. RELATED PARTY DISCLOSURES

A balance of £24,449.68 owing to Morph Financial Services was written off in the period. The total balance
owed at the year end amounted to nil (2017:£24,449.68).

No interest was charged on the loan and the loan carried no other conditions/obligations.

Page 4