Genesis Advisors Limited - Accounts to registrar (filleted) - small 18.2

Genesis Advisors Limited - Accounts to registrar (filleted) - small 18.2

GENESIS ADVISORS LIMITED - Company Information

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REGISTERED NUMBER: 10086342 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2018

FOR

GENESIS ADVISORS LIMITED
GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


GENESIS ADVISORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2018







DIRECTOR: Mr P Zaniboni





REGISTERED OFFICE: 24 Park Road South
Havant
Hampshire
PO9 1HB





REGISTERED NUMBER: 10086342 (England and Wales)





ACCOUNTANTS: Rothman Pantall LLP
Chartered Accountants
24 Park Road South
Havant
Hampshire
PO9 1HB
Page 1
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GENESIS ADVISORS LIMITED


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 Genesis Advisors Limited for the year ended 31st March 2018 which comprise the Statement of
Income and Retained Earnings, 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 Genesis Advisors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Genesis Advisors Limited and state those matters that we have agreed to state to the director of Genesis Advisors Limited 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 Genesis Advisors Limited and its director for our work or for this report.

It is your duty to ensure that Genesis Advisors 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 profit of Genesis Advisors Limited. You consider that Genesis Advisors 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 Genesis Advisors 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
24 Park Road South
Havant
Hampshire
PO9 1HB


20th December 2018

This page does not form part of the statutory financial statements

Page 2
GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,027 1,534
Investments 4 47,001 38,225
48,028 39,759

CURRENT ASSETS
Debtors 5 22,145 28,259
Cash at bank 67,965 88,137
90,110 116,396
CREDITORS
Amounts falling due within one year 6 41,092 54,147
NET CURRENT ASSETS 49,018 62,249
TOTAL ASSETS LESS CURRENT
LIABILITIES
97,046
102,008

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,946 101,908
SHAREHOLDERS' FUNDS 97,046 102,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27th November 2018 and were signed by:





Mr P Zaniboni - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2018


1. STATUTORY INFORMATION

Genesis Advisors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
The preparation of financial statements often requires the use of judgements, estimates and assumptions that
affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and
expenses during the reporting period. These judgements, estimates and assumptions are based on
management's historical experience, knowledge and other factors including expectations of future events or
actions that are believed to be reasonable under the circumstances. Actual results may differ from those
amounts estimated.

In preparing these financial statements, management do not believe that they have made any critical
judgements in applying the company's accounting policies.

In preparing these financial statements, management do not believe that they have used any significant
estimates or assumptions.

Turnover
Turnover is measured at the fair value of the consideration received, for services rendered, excluding discounts
and value added tax. Turnover is recognised at the point services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

Fixed assets are initially recognised at cost, less any provision for depreciation, and are reviewed annually for
any impairment.

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.

Page 4
GENESIS ADVISORS LIMITED (REGISTERED NUMBER: 10086342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2018


2. ACCOUNTING POLICIES - continued

Fixed asset investments
In the absence of any readily available valuations, unlisted investments are valued at cost, less any impairment
where value is considered less than cost.

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2017
and 31st March 2018 2,289
DEPRECIATION
At 1st April 2017 755
Charge for year 507
At 31st March 2018 1,262
NET BOOK VALUE
At 31st March 2018 1,027
At 31st March 2017 1,534

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2017 38,225
Additions 25,001
Disposals (16,225 )
At 31st March 2018 47,001
NET BOOK VALUE
At 31st March 2018 47,001
At 31st March 2017 38,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 26,664
Other debtors 22,145 1,595
22,145 28,259

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 7,512 25,725
Other creditors 33,580 28,422
41,092 54,147

Page 5