REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Period 1 September 2019 to 31 December 2020 |
|
for |
|
Friary Insurance Services Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Financial Statements |
|
for the Period 1 September 2019 to 31 December 2020 |
|
for |
|
Friary Insurance Services Limited |
Friary Insurance Services Limited (Registered number: 03105305) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Period 1 September 2019 to 31 December 2020 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Friary Insurance Services Limited |
|
Company Information |
for the Period 1 September 2019 to 31 December 2020 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Trading as Lee & Co |
Chartered Accountants & Statutory Auditors |
26 High Street |
Rickmansworth |
Hertfordshire |
WD3 1ER |
Friary Insurance Services Limited (Registered number: 03105305) |
|
Balance Sheet |
31 December 2020 |
|
31.12.20 | 31.8.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
|
|
|
CURRENT ASSETS |
Cash at bank |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 6 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
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 Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Friary Insurance Services Limited (Registered number: 03105305) |
|
Notes to the Financial Statements |
for the Period 1 September 2019 to 31 December 2020 |
|
1. | STATUTORY INFORMATION |
|
Friary Insurance Services Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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. |
Friary Insurance Services Limited (Registered number: 03105305) |
|
Notes to the Financial Statements - continued |
for the Period 1 September 2019 to 31 December 2020 |
|
2. | ACCOUNTING POLICIES - continued |
|
Trade and other receivables |
Trade and other receivables are measured at transaction price less any impairment unless the arrangement |
constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment. |
|
Trade and other payables |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was NIL (2019 - NIL). |
|
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 September 2019 |
and 31 December 2020 |
|
NET BOOK VALUE |
At 31 December 2020 |
|
At 31 August 2019 |
|
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.20 | 31.8.19 |
£ | £ |
Amounts owed to group undertakings |
|
|
Other creditors |
|
|
|
|
Friary Insurance Services Limited (Registered number: 03105305) |
|
Notes to the Financial Statements - continued |
for the Period 1 September 2019 to 31 December 2020 |
|
6. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.20 | 31.8.19 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |
|
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
8. | POST BALANCE SHEET EVENTS |
|
At the time of approving the financial statements, no government control measures remain to be in place with regards to the Covid 19 pandemic. The majority of UK citizens have been fully vaccinated and there are currently no government-imposed UK lockdowns or restrictions in place (other than rules around overseas travel). |
|
Whilst it is not possible to assess the full extent of the impact of Covid 19, or its medium to long-term implications within the UK and across the globe, the situation has somewhat improved during the post reporting period. |
|
The directors have concluded that these developments after the year end have strengthened the view of the potential impact of Covid 19 on the business and have therefore assessed any impact as non-adjusting. |