for the Period Ended 31 March 2020
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2020
Principal activities of the company
Additional information
The director is responsible for preparing the Director’s Report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has prepared the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, compromising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102) Section 1A – Small Entities, and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to:- select suitable accounting policies and then apply them consistently;- make judgements and accounting estimates that are reasonable and prudent;- state whether applicable UK Accounting Standards, comprising FRS 102 Section 1A, have been followed, subject to any material departures disclosed and explained in the financial statements;- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The director shown below has held office during the whole of the period from
1 April 2019 to 31 March 2020
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2020 | 2019 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | | |
Gross profit(or loss): | | |
Distribution costs: | | |
Administrative expenses: | | ( |
Other operating income: | | |
Operating profit(or loss): | | ( |
Interest receivable and similar income: | | |
Interest payable and similar charges: | ( | ( |
Profit(or loss) before tax: | ( | ( |
Tax: | | |
Profit(or loss) for the financial year: | ( | |
As at
Notes | 2020 | 2019 | |
---|---|---|---|
| £ | £ | |
Fixed assets | |||
Investments: | 3 | | |
Total fixed assets: | | | |
Creditors: amounts falling due within one year: | 4 | ( | ( |
Net current assets (liabilities): | ( | ( | |
Total assets less current liabilities: | ( | ( | |
Total net assets (liabilities): | ( | ( | |
Capital and reserves | |||
Called up share capital: | | | |
Profit and loss account: | ( | ( | |
Total Shareholders' funds: | ( | ( |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2020
Basis of measurement and preparation
Other accounting policies
for the Period Ended 31 March 2020
2020 | 2019 | |
---|---|---|
Average number of employees during the period | | |
for the Period Ended 31 March 2020
The Company held fixed asset investments of £402,085 as at 31 March 2020 (2019: £402,085).The balance represents a 30% investment interest in an associate undertaking, Thistle Initiatives Limited, and its wholly owned subsidiaries, Total Broker Solutions Limited, Resolution Compliance Limited, Compliance Star Limited, Searchlight Solutions Limited, The UK Financial Services Consortium Limited, UKGI Services Limited and UKGI Limited (together the ‘Thistle Group’). The fixed asset investment in Thistle Initiatives Limited, a financial services company registered in England carries 30% voting rights.The share capital consisting of ordinary shares, which are held by the company, are 3,000 B ordinary shares. The Thistle Group are a group of private companies, incorporated in the United Kingdom and there is no quoted market price available for the shares. No dividends were distributed by the Thistle Group during the year (2019: none).
for the Period Ended 31 March 2020
2020 | 2019 | |
---|---|---|
£ | £ | |
Bank loans and overdrafts | | |
Amounts due under finance leases and hire purchase contracts | | |
Trade creditors | | |
Taxation and social security | | |
Accruals and deferred income | | |
Other creditors | | |
Total | | |