Significant Finds Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10710475 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 5 APRIL 2017 TO 30 JUNE 2018

FOR

SIGNIFICANT FINDS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mrs J M Pope

J W T Pope

REGISTERED OFFICE:

Avebury House

St Peter Street

Winchester

Hampshire

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REGISTERED NUMBER:

10710475 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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FIXED ASSETS

Tangible assets

4

1,226

CURRENT ASSETS

Debtors

5

648

Cash at bank

29,063

29,711

CREDITORS

Amounts falling due within one year

6

68,040

NET CURRENT LIABILITIES

(38,329

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,103

)

PROVISIONS FOR LIABILITIES

233

NET LIABILITIES

(37,336

)

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(37,338

)

(37,336

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 23 November 2018 and were signed on its behalf by:

J W T Pope - Director

1.	STATUTORY INFORMATION

Significant Finds 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.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and

any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to

bringing the asset to the location and condition necessary for it to be capable of operating in the manner

intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated

useful lives, using the straight line method.

Depreciation is provided on the following basis:

Plant and machinery etc - 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

prospectively if appropriate, of it there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and

are recognised in the Income Statement.

Financial instruments

Short term debtors and creditors are recorded at transaction price. Any losses arising from impairment are

recognised in the income statement.

Taxation

Taxation for the period 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 period 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.

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 period was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

1,532

At 30 June 2018

1,532

DEPRECIATION

Charge for period

306

At 30 June 2018

306

NET BOOK VALUE

At 30 June 2018

1,226

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

648

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

55

Other creditors

67,985

68,040

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2018:

£

Mrs J M Pope

Balance outstanding at start of period

-

Amounts advanced

1

Amounts repaid

(32,260

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(32,259

)

J W T Pope

Balance outstanding at start of period

-

Amounts advanced

1

Amounts repaid

(32,370

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(32,369

)

Loans to the company are provided interest free and are repayable on demand.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Significant Finds Limited for the period ended 30 June 2018 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Significant Finds Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Significant Finds Limited and state those matters that we have agreed to state to the Board of Directors of Significant Finds Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Significant Finds Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Significant Finds Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Significant Finds Limited. You consider that Significant Finds Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Significant Finds Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Avebury House

St Peter Street

Winchester

Hampshire

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23 November 2018