Registration number:
Verfides Professional Trustees Holdings Limited
for the Year Ended 31 December 2017
Verfides Professional Trustees Holdings Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Verfides Professional Trustees Holdings Limited
Company Information
Director |
M. Marano |
Registered office |
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Accountants |
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Verfides Professional Trustees Holdings Limited
(Registration number: 03514397)
Abridged Balance Sheet as at 31 December 2017
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2017 |
2016 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Approved and authorised by the
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M. Marano
Director
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Verfides Professional Trustees Holdings Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Pound Sterling which is the functional currency of the company and are rounded to the nearest whole Pound.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
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Verfides Professional Trustees Holdings Limited
Notes to the Abridged Financial Statements for the Year Ended 31 December 2017
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Investments |
Total |
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Cost or valuation |
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At 1 January 2017 |
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Carrying amount |
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At 31 December 2017 |
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At 31 December 2016 |
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