SRVS AND PARTNERS LIMITED

SRVS AND PARTNERS LIMITED

SRVS AND PARTNERS LIMITED - Company Information

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SRVS AND PARTNERS LIMITED

Company Registration Number:
10704728 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2018

Period of accounts

Start date: 03 April 2017

End date: 30 April 2018

SRVS AND PARTNERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2018

Balance sheet
Notes

SRVS AND PARTNERS LIMITED

Balance sheet

As at 30 April 2018


Notes
13 months to 30 April 2018


£
Fixed assets
Investments: 3 44,680
Total fixed assets: 44,680
Current assets
Debtors: 4 61,584
Cash at bank and in hand: 5,299
Total current assets: 66,883
Creditors: amounts falling due within one year: 5 (119,358)
Net current assets (liabilities): (52,475)
Total assets less current liabilities: (7,795)
Total net assets (liabilities): (7,795)
Capital and reserves
Called up share capital: 750
Profit and loss account: (8,545)
Shareholders funds: (7,795)

The notes form part of these financial statements

SRVS AND PARTNERS LIMITED

Balance sheet statements

For the year ending 30 April 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 December 2018
and signed on behalf of the board by:

Name: Srinivas S S Royyuru
Status: Director

The notes form part of these financial statements

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

General informationSRVS and Partners Limited (“the company”) is a private company limited by shares incorporated in England and Wales. The registered office of the company is: Springpark House, Basing View, Basingstoke, Hampshire, RG21 4HG. The principal place of business of the company is Basingstoke, UK, where the company is incorporated Accounting conventionThese financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1, unless otherwise stated. The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. Period of accountThe company was incorporated on 3 April 2017 and the Directors have decided to adopt a reporting date of 30 April. As a result, these financial statements are for the period from 3 April 2017 to 30 April 2018.Going concernThe Directors confirm that the company has made losses as there is no income stream of its own.

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

2. Employees

13 months to 30 April 2018
Average number of employees during the period 0

There were no employees (including directors) who were employed and remunerated by the company in the current period.

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

3. Fixed investments

As at 30 April 2018, the company’s investments are made up of transactions in related party undertakings of £7,680 and investments in convertible loans of £38,435.The convertible loans the company invested in have a historical cost of US$50,000 (£37,000) and are classed as complex financial instruments to be measured at their fair value. The company issuing the loan notes is not listed and the loan notes themselves do not have an active market, so the Directors do not have a reasonable basis on which to determine their fair value. The Directors have concluded that for the time being, the best measure of the fair value of this asset, is its historical cost of US$50,000 which has been translated at a rate of £1:US$1.3765 at the reporting date. In the period ended 30 April 2018, a loss on fair value of £1,435 has been recognised in the profit and loss account in respect of these loan notes, which are the only financial instruments held at fair value in these financial statements. The company has the option to convert this loan into a small percentage holding of an unlisted entity, when the entity is listed in few years time.

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

4. Debtors

13 months to 30 April 2018
£
Debtors due after more than one year: 61,584

The company provided interest free Trade Advance to Coserve Solutions BV for ongoing operations.

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

5. Creditors: amounts falling due within one year note

Amount £2580 falls due within a year and the balances with Directors' are carried forward interest free.

SRVS AND PARTNERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2018

6. Related party transactions

Name of the related party: Coserve Solutions BV
Relationship:
Debtor
Description of the Transaction: The company provided interest free Trade Advance to Coserve Solutions BV for ongoing operations.
£
Balance at 30 April 2018 61,584