|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2018 |
|
for |
|
Brett and Randall Financial Services |
Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 December 2018 |
|
for |
|
Brett and Randall Financial Services |
Limited |
Brett and Randall Financial Services |
Limited (Registered number: 01629528) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 December 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Chartered Certified Accountants' Report | 6 |
Brett and Randall Financial Services |
Limited |
|
Company Information |
for the Year Ended 31 December 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Accountants |
First Floor |
The Old Chapel |
9 Kempson Road |
Leicester |
LE2 8AN |
Brett and Randall Financial Services |
Limited (Registered number: 01629528) |
|
Balance Sheet |
31 December 2018 |
|
31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
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 | 8 |
|
|
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 Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
Brett and Randall Financial Services |
Limited (Registered number: 01629528) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2018 |
|
1. | STATUTORY INFORMATION |
|
Brett and Randall Financial Services Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
General information and 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 nature of the company's operations and principle activities are that of Independent Financial Advisors. |
|
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest |
pound (£). |
|
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies |
have been consistently applied to all years presented unless otherwise stated. |
|
Turnover |
Turnover comprises revenue recognised by the company from brokerage and commission in the ordinary course of business |
for services provided. |
|
Tangible fixed assets |
|
Improvements to property | - |
|
Office & Computer equipment | - |
|
|
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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
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
|
Brett and Randall Financial Services |
Limited (Registered number: 01629528) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
|
4. | TANGIBLE FIXED ASSETS |
Improvements | Office & |
to | Computer |
property | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2018 |
and 31 December 2018 |
|
|
|
DEPRECIATION |
At 1 January 2018 |
|
|
|
Charge for year |
|
|
|
At 31 December 2018 |
|
|
|
NET BOOK VALUE |
At 31 December 2018 |
|
|
|
At 31 December 2017 |
|
|
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Other debtors |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.18 | 31.12.17 |
£ | £ |
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.12.18 | 31.12.17 |
£ | £ |
Rent deposit deed | 8,718 | 8,718 |
|
A rent deposit deed is held by the landlord of the premises occupied by the company securing the payment of liabilities to the |
landlord. the amount secured covers liabilities which include rent, service charges, insurances and claims for demands, |
damages or costs. |
|
8. | CALLED UP SHARE CAPITAL |
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.18 | 31.12.17 |
value: | £ | £ |
|
A Ordinary | 1 | 10,000 | 10,000 |
|
B Ordinary | 1 | 1,000 | 1,000 |
11,000 | 11,000 |
Brett and Randall Financial Services |
Limited (Registered number: 01629528) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2018 |
|
8. | CALLED UP SHARE CAPITAL - continued |
|
All shareholders have the right to receive notice of and attend general meetings. No voting rights attach to the A ordinary |
shares. Full voting rights attach to the B Ordinary shares. |
|
The holders of the A ordinary shares have priority to a dividend. |
|
On return of capital the holders of the A ordinary shares will be entitled to £200 per share (increasing by 5% per annum). |
|
9. | OTHER FINANCIAL COMMITMENTS |
|
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £32,860 |
(2017: £32,680). |
|
10. | PARENT UNDERTAKING |
|
The financial statements contain information about Brett and Randall Financial Services Limited as an individual company |
and do not contain consolidated financial information. The parent company is MRDK Limited. |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Brett and Randall Financial Services |
Limited |
|
The following reproduces the text of the report prepared for the directors 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 Balance Sheet. |
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Brett and Randall Financial Services Limited for the year ended 31 December 2018 which comprise the Income Statement, |
Balance Sheet, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the Board of Directors of Brett and Randall Financial Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brett and Randall Financial Services Limited and state those matters that we have agreed to state to the Board of Directors of Brett and Randall Financial Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Brett and Randall Financial Services 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 Brett and Randall Financial Services Limited. You consider that Brett and Randall Financial Services 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 Brett and Randall Financial Services 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. |
|
|
|
|
|
|
|
Accountants |
First Floor |
The Old Chapel |
9 Kempson Road |
Leicester |
LE2 8AN |
|
|
|