false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-01-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
117,333
100,365
16,968
16,968
1,933,786
1,933,786
1,933,786
xbrli:pure
xbrli:shares
iso4217:GBP
03134373
2017-01-01
2017-12-31
03134373
2017-12-31
03134373
2016-12-31
03134373
core:PlantMachinery
2017-01-01
2017-12-31
03134373
bus:RegisteredOffice
2017-01-01
2017-12-31
03134373
bus:LeadAgentIfApplicable
2017-01-01
2017-12-31
03134373
bus:Director1
2017-01-01
2017-12-31
03134373
bus:Director3
2017-01-01
2017-12-31
03134373
bus:Director5
2017-01-01
2017-12-31
03134373
bus:Director6
2017-01-01
2017-12-31
03134373
bus:CompanySecretary1
2017-01-01
2017-12-31
03134373
core:PlantMachinery
2017-12-31
03134373
core:WithinOneYear
2017-12-31
03134373
core:WithinOneYear
2016-12-31
03134373
core:AfterOneYear
2017-12-31
03134373
core:AfterOneYear
2016-12-31
03134373
core:ShareCapital
2017-12-31
03134373
core:ShareCapital
2016-12-31
03134373
core:SharePremium
2017-12-31
03134373
core:SharePremium
2016-12-31
03134373
core:RetainedEarningsAccumulatedLosses
2017-12-31
03134373
core:RetainedEarningsAccumulatedLosses
2016-12-31
03134373
core:CostValuation
core:Non-currentFinancialInstruments
2017-12-31
03134373
core:Non-currentFinancialInstruments
2017-12-31
03134373
core:Non-currentFinancialInstruments
2016-12-31
03134373
core:PlantMachinery
2016-12-31
03134373
bus:FRS102
2017-01-01
2017-12-31
03134373
bus:AuditExempt-NoAccountantsReport
2017-01-01
2017-12-31
03134373
bus:FullAccounts
2017-01-01
2017-12-31
03134373
bus:SmallCompaniesRegimeForAccounts
2017-01-01
2017-12-31
03134373
bus:PrivateLimitedCompanyLtd
2017-01-01
2017-12-31
COMPANY REGISTRATION NUMBER:
03134373
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
FILLETED UNAUDITED FINANCIAL STATEMENTS
|
|
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
YEAR ENDED 31 DECEMBER 2017
Officers and professional advisers
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
OFFICERS AND PROFESSIONAL ADVISERS
|
|
The board of directors
|
S Truman
|
|
H Chandler
|
|
M A Williams
|
|
A J Spalton
|
|
|
Company secretary
|
A Spalton
|
|
|
Registered office
|
9A Macklin Street
|
|
London
|
|
WC2B 5NE
|
|
|
Accountants
|
UHY Hacker Young
|
|
Chartered accountant
|
|
168 Church Road
|
|
Hove
|
|
BN3 2DL
|
|
|
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
STATEMENT OF FINANCIAL POSITION
|
|
31 December 2017
Fixed assets
Tangible assets
|
4
|
|
16,968
|
16,968
|
Investments
|
5
|
|
1,933,786
|
1,933,786
|
|
|
-------------
|
-------------
|
|
|
1,950,754
|
1,950,754
|
|
|
|
|
|
Current assets
Creditors: amounts falling due within one year
|
7
|
79,373
|
|
79,373
|
|
---------
|
|
---------
|
Net current liabilities
|
|
54,014
|
54,014
|
|
|
-------------
|
-------------
|
Total assets less current liabilities
|
|
1,896,740
|
1,896,740
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
8
|
|
956,682
|
956,682
|
|
|
-------------
|
-------------
|
Net assets
|
|
940,058
|
940,058
|
|
|
-------------
|
-------------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
347,372
|
347,372
|
Share premium account
|
|
2,397,325
|
2,397,325
|
Profit and loss account
|
|
(
1,804,639)
|
(
1,804,639)
|
|
|
-------------
|
-------------
|
Shareholders funds
|
|
940,058
|
940,058
|
|
|
-------------
|
-------------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
STATEMENT OF FINANCIAL POSITION (continued)
|
|
31 December 2017
These financial statements were approved by the
board of directors
and authorised for issue on
28 September 2018
, and are signed on behalf of the board by:
Company registration number:
03134373
PREMIER MANAGEMENT PARTNERS LIMITED
|
|
NOTES TO THE FINANCIAL STATEMENTS
|
|
YEAR ENDED 31 DECEMBER 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9A Macklin Street, London, WC2B 5NE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
20% straight line
|
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Plant and machinery
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 January 2017 and 31 December 2017
|
117,333
|
117,333
|
|
----------
|
----------
|
Depreciation
|
|
|
At 1 January 2017 and 31 December 2017
|
100,365
|
100,365
|
|
----------
|
----------
|
Carrying amount
|
|
|
At 31 December 2017
|
16,968
|
16,968
|
|
----------
|
----------
|
At 31 December 2016
|
16,968
|
16,968
|
|
----------
|
----------
|
|
|
|
5.
Investments
|
Shares in group undertakings
|
|
£
|
Cost
|
|
At 1 January 2017 and 31 December 2017
|
1,933,786
|
|
-------------
|
Impairment
|
|
At 1 January 2017 and 31 December 2017
|
–
|
|
-------------
|
|
|
Carrying amount
|
|
At 31 December 2017
|
1,933,786
|
|
-------------
|
At 31 December 2016
|
1,933,786
|
|
-------------
|
|
|
The company owns 100% of the issued share capital of the companies listed below,
White Label Management Limited
London Residential Management Limited
Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
6.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Other debtors
|
25,359
|
25,359
|
|
---------
|
---------
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Bank loans and overdrafts
|
24,865
|
24,865
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest
|
54,508
|
54,508
|
|
---------
|
---------
|
|
79,373
|
79,373
|
|
---------
|
---------
|
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2017
|
2016
|
|
£
|
£
|
Bank loans and overdrafts
|
445,013
|
445,013
|
Other creditors
|
511,669
|
511,669
|
|
----------
|
----------
|
|
956,682
|
956,682
|
|
----------
|
----------
|
|
|
|
Bank loans are secured by a fixed and floating charge over the assets of the company.
9.
Related party transactions
In the opinion of the directors, there is no controlling party. At the balance sheet date, an amount of £112,865 (2016: £112,865) was due to
S Truman
. S Truman
is a director of the company. This loan is not secured.