Paulston Investments Limited
Paulston Investments Limited
Registered number: 03450684
Unaudited Financial Statements
For The Year Ended 5 April 2018
Paulston Investments Limited
Unaudited Financial Statements
For The Year Ended 5 April 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—5 |
Paulston Investments Limited
Statement of Financial Position
As at
5 April 2018
Statement of Financial Position
Registered number:
03450684
For the year ending 5 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 5 April 2018 | Period to 5 April 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Revaluation reserve | 8 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 934,896 | 951,905 | |||
Page 1
Paulston Investments Limited
Statement of Financial Position (continued)
As at
5 April 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Paulston Investments Limited
Notes to the Financial Statements
For The Year Ended 5 April 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Fixed assets investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
2.
Average Number of Employees
Average number of employees, including directors, during the year was 1 (2017: 1).
3.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at |
544,752 |
| Additions | 242,246 |
| Disposals | (20,619) |
| Revaluations | (27,430) |
| As at |
738,949 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
738,949 |
| As at |
544,752 |
Page 3
Paulston Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2018
4.
Debtors
| 5 April 2018 | Period to 5 April 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| VAT |
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5.
Creditors: Amounts Falling Due Within One Year
| 5 April 2018 | Period to 5 April 2017 | ||
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| £ | £ | ||
| Other creditors |
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| Director's loan account |
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Amounts due to directors are unsecured, interest free and repayable on demand.
6.
Share Capital
| 5 April 2018 | Period to 5 April 2017 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
Dividends
| 5 April 2018 | Period to 5 April 2017 | ||
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| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 2,000 | - | ||
8.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at |
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| Transfer to profit and loss |
( |
| As at |
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Page 4
Paulston Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 5 April 2018
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 November 2015. No transitional adjustments were required in equity or profit or loss for the year.
10.
General Information
Paulston Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03450684 . The registered office is 82 Wandsworth Bridge Road, London, SW6 2TF.
Page 5