Strand Asset Management Limited 31/03/2018 iXBRL
Strand Asset Management Limited 31/03/2018 iXBRL
COMPANY REGISTRATION NUMBER:
NI630206
UNAUDITED FILLETED FINANCIAL STATEMENTS
Strand Asset Management Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Strand Asset Management Limited
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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16 Main Street | ||
Limavady | ||
Co Derry | ||
BT49 0EU | ||
Bankers |
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37-39 Main Street | ||
Limavady | ||
Co Derry | ||
BT49 0EP | ||
Solicitors |
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65 Clarendon Street | ||
Derry | ||
BT48 7ER | ||
Strand Asset Management Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Strand Asset Management Limited
Year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Strand Asset Management Limited for the year ended 31 March 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the director of Strand Asset Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Strand Asset Management Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strand Asset Management Limited and its director as a body for our work or for this report.
It is your duty to ensure that Strand Asset Management 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 Strand Asset Management Limited. You consider that Strand Asset Management Limited 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 Strand Asset Management 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.
Chartered Certified Accountants
16 Main Street
Limavady
Co Derry
BT49 0EU
7 December 2018
Strand Asset Management Limited
Statement of financial position
31 March 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Current assets | |||||||||
Debtors | 4 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 5 |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
07 December 2018
, and are signed on behalf of the board by:
Director
Company registration number:
NI630206
Strand Asset Management Limited
Statement of changes in equity
Year ended 31 March 2018
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2016 |
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(Loss)/profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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At 31 March 2017 and 1 April 2017 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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At 31 March 2018 |
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Strand Asset Management Limited
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in N Ireland. The address of the registered office is 16 Main Street, Limavady, Co Derry, BT49 0EU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Provisions
Financial instruments
4.
Debtors
2018 | 2017 | |||
£ | £ | |||
Other debtors |
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_______ | _______ | |||
5.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Corporation tax |
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Other creditors |
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6.
Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company: | ||||
2018 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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- |
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2017 | ||||
Balance brought forward | Advances /(credits) to the director | Balance o/standing | ||
£ | £ | £ | ||
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_______ | _______ | _______ | ||
7.
Controlling party
Gavin O'Kane is the controlling party by virtue of his 100% shareholding in the company.