CMB Partners UK Ltd - Accounts to registrar (filleted) - small 18.2

CMB Partners UK Ltd - Accounts to registrar (filleted) - small 18.2

CMB PARTNERS UK LTD - Company Information

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REGISTERED NUMBER: 07556457















Unaudited Financial Statements

for the Year Ended 31 March 2018

for

CMB Partners UK Ltd
CMB Partners UK Ltd (Registered number: 07556457)

Contents of the Financial Statements
for the Year Ended 31 March 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CMB Partners UK Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: L Bednash
D Christou





REGISTERED OFFICE: 37 Sun street
London
EC2M 2PL





REGISTERED NUMBER: 07556457





Page 1
CMB Partners UK Ltd (Registered number: 07556457)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 530,000 615,000
Tangible assets 5 2,648 5,296
532,648 620,296

CURRENT ASSETS
Stocks 22,042 33,664
Debtors 6 145,141 35,078
Cash at bank and in hand 228,786 349,375
395,969 418,117
CREDITORS
Amounts falling due within one year 7 531,038 759,358
NET CURRENT LIABILITIES (135,069 ) (341,241 )
TOTAL ASSETS LESS CURRENT LIABILITIES 397,579 279,055

PROVISIONS FOR LIABILITIES 503 1,059
NET ASSETS 397,076 277,996

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396,976 277,896
SHAREHOLDERS' FUNDS 397,076 277,996

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 directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
CMB Partners UK Ltd (Registered number: 07556457)

Balance Sheet - continued
31 March 2018


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 Board of Directors on 18 December 2018 and were signed on its behalf by:




D Christou - Director



L Bednash - Director


The notes form part of these financial statements

Page 3
CMB Partners UK Ltd (Registered number: 07556457)

Notes to the Financial Statements
for the Year Ended 31 March 2018


1. STATUTORY INFORMATION

CMB Partners UK Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any
accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing
stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 12 ) .

Page 4 continued...
CMB Partners UK Ltd (Registered number: 07556457)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 850,000
AMORTISATION
At 1 April 2017 235,000
Charge for year 85,000
At 31 March 2018 320,000
NET BOOK VALUE
At 31 March 2018 530,000
At 31 March 2017 615,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 13,240
DEPRECIATION
At 1 April 2017 7,944
Charge for year 2,648
At 31 March 2018 10,592
NET BOOK VALUE
At 31 March 2018 2,648
At 31 March 2017 5,296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 25,661 19,546
Other debtors 119,480 15,532
145,141 35,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 101,133 81,666
Other creditors 429,905 677,692
531,038 759,358

Page 5 continued...
CMB Partners UK Ltd (Registered number: 07556457)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018


8. RELATED PARTY DISCLOSURES

During the year the director loaned the company the following amounts which are interest free and repayable on demand:-

D Christou £133,894 (2017: £186,441)

Page 6