Partners On Demand Limited - Accounts to registrar (filleted) - small 18.2
Partners On Demand Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited financial statements for the year ended 31 May 2018 |
| For |
| Partners On Demand Limited |
| Partners On Demand Limited (Registered number: 03774492) |
| Contents of the financial statements |
| for the year ended 31 May 2018 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| Partners On Demand Limited |
| Company information |
| for the year ended 31 May 2018 |
| Directors: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| 9 The Shrubberies |
| George Lane |
| London |
| E18 1BD |
| Partners On Demand Limited (Registered number: 03774492) |
| Balance sheet |
| 31 May 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Other reserves |
| Retained earnings |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Partners On Demand Limited (Registered number: 03774492) |
| Notes to the financial statements |
| for the year ended 31 May 2018 |
| 1. | Statutory information |
| Partners On Demand Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | Accounting policies |
| Basis of preparation |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| The long leasehold property is treated in the financial statements as an investment property in accordance with |
| Standard Accounting Practice 19. No depreciation has been provided in respect of the leasehold investment |
| property as the lease had over 20 years to run at the balance sheet date. |
| 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 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 NIL (2017 - 3 ). |
| Partners On Demand Limited (Registered number: 03774492) |
| Notes to the financial statements - continued |
| for the year ended 31 May 2018 |
| 4. | Tangible fixed assets |
| Fixtures |
| Long | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Cost or valuation |
| At 1 June 2017 |
| Revaluations |
| At 31 May 2018 |
| Depreciation |
| At 1 June 2017 |
| Charge for year |
| At 31 May 2018 |
| Net book value |
| At 31 May 2018 |
| At 31 May 2017 |
| Cost or valuation at 31 May 2018 is represented by: |
| Fixtures |
| Long | and | Computer |
| leasehold | fittings | equipment | Totals |
| £ | £ | £ | £ |
| Valuation in 2018 | 25,000 | - | - | 25,000 |
| Valuation in 2017 | 167,500 | - | - | 167,500 |
| Valuation in 2016 | 14,282 | - | - | 14,282 |
| Cost | 330,718 | 11,201 | 2,314 | 344,233 |
| 537,500 | 11,201 | 2,314 | 551,015 |
| Valuation of long leasehold property was estimated by the directors as being £512,500 at the balance sheet date. |
| 5. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Value added tax |
| Deferred tax asset |
| 6. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Tax |
| Value added tax | 1,529 | - |
| Director's current account | 2,214 | 3,966 |
| Accruals |
| Partners On Demand Limited (Registered number: 03774492) |
| Notes to the financial statements - continued |
| for the year ended 31 May 2018 |
| 7. | Ultimate controlling party |
| The ultimate controlling party is |