Camilla Baldwin Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07139625 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CAMILLA BALDWIN LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mrs C L Alexander

REGISTERED OFFICE:

3 Charles Street

London

W1J 5DD

REGISTERED NUMBER:

07139625 (England and Wales)

ACCOUNTANTS:

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

FIXED ASSETS

Intangible assets

4

301,500

452,250

Tangible assets

5

281,532

319,228

583,032

771,478

CURRENT ASSETS

Debtors

6

237,293

411,153

Cash at bank and in hand

524,117

439,833

761,410

850,986

CREDITORS

Amounts falling due within one year

7

299,596

361,376

NET CURRENT ASSETS

461,814

489,610

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,846

1,261,088

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,044,746

1,260,988

SHAREHOLDERS' FUNDS

1,044,846

1,261,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 4 December 2018 and were signed by:

Mrs C L Alexander - Director

1.	STATUTORY INFORMATION

Camilla Baldwin Ltd 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% Straight line

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is

recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an

enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise

the asset and settle the liability simultaneously.

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 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 13 (2017 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

1,507,500

AMORTISATION

At 1 April 2017

1,055,250

Amortisation for year

150,750

At 31 March 2018

1,206,000

NET BOOK VALUE

At 31 March 2018

301,500

At 31 March 2017

452,250

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

39,622

725,979

76,987

842,588

Additions

-

13,319

2,258

15,577

At 31 March 2018

39,622

739,298

79,245

858,165

DEPRECIATION

At 1 April 2017

26,197

423,150

74,013

523,360

Charge for year

3,962

47,053

2,258

53,273

At 31 March 2018

30,159

470,203

76,271

576,633

NET BOOK VALUE

At 31 March 2018

9,463

269,095

2,974

281,532

At 31 March 2017

13,425

302,829

2,974

319,228

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

41,620

220,366

Prepayments and accrued income

195,673

190,787

237,293

411,153

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

189,722

68,937

Tax

48,256

158,858

Social security and other taxes

45,116

98,963

Other creditors

3,328

26,892

Directors' current accounts

3,480

3,579

Accrued expenses

9,694

4,147

299,596

361,376

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £400,000 (2017 - £530,000) were paid to the director .

9.	CLIENT MONIES

The client monies have been netted off against the respective client accounts.

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and

certain other primary statements and the Report of the Director 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 Camilla Baldwin Ltd for the year ended 31 March 2018 which comprise the Profit and Loss

Account, Statement of Financial Position 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 director of Camilla Baldwin Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Camilla Baldwin Ltd and state those matters that we have agreed to state to the director of Camilla Baldwin Ltd 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 Camilla Baldwin Ltd and its director for our work or for this report.

It is your duty to ensure that Camilla Baldwin Ltd 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 profit of Camilla Baldwin Ltd. You consider that Camilla Baldwin Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Camilla Baldwin Ltd. 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.

KBSP Partners LLP

Chartered Accountants

Harben House

Harben Parade

Finchley Road

LONDON

NW3 6LH

12 December 2018