Cavendish Asset Research Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06996588 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CAVENDISH ASSET RESEARCH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr B P Hadden

SECRETARY:

Mr B P Hadden

REGISTERED OFFICE:

America Farm

America Road

Earls Colne

Colchester

Essex

CO6 2LB

REGISTERED NUMBER:

06996588 (England and Wales)

ACCOUNTANTS:

Falcon Accountants

Falcon House

3 King Street

Castle Hedingham

Halstead

Essex

CO9 3ER

FIXED ASSETS

2,088

Tangible assets

4

1,671

CURRENT ASSETS

5,000

Debtors

5

5,750

16,620

Cash at bank

18,876

21,620

24,626

CREDITORS

13,511

Amounts falling due within one year

6

25,728

8,109

NET CURRENT (LIABILITIES)/ASSETS

(1,102

)

10,197

TOTAL ASSETS LESS CURRENT LIABILITIES

569

CREDITORS

(10,000

)

Amounts falling due after more than one year

7

-

(418

)

PROVISIONS FOR LIABILITIES

(317

)

(221

)

NET ASSETS/(LIABILITIES)

252

CAPITAL AND RESERVES

2

Called up share capital

2

(223

)

Retained earnings

250

(221

)

SHAREHOLDERS' FUNDS

252

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 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 17 December 2018 and were signed by:

Mr B P Hadden - Director

1.	STATUTORY INFORMATION

Cavendish Asset Research 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

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 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 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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

6,976

DEPRECIATION

At 1 April 2017

4,888

Charge for year

417

At 31 March 2018

5,305

NET BOOK VALUE

At 31 March 2018

1,671

At 31 March 2017

2,088

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

5,750

5,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1

65

Taxation and social security

4,198

3,745

Other creditors

21,529

9,701

25,728

13,511

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Other creditors

-

10,000