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Unaudited Financial Statements for the Year Ended 30 November 2016 |
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Blackstar Wealth Management Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 November 2016 |
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for |
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Blackstar Wealth Management Ltd |
Blackstar Wealth Management Ltd (Registered number: 06697525) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Blackstar Wealth Management Ltd |
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Company Information |
for the Year Ended 30 November 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Curo House |
Greenbox |
Westonhall Road |
Bromsgrove |
Worcestershire |
B60 4AL |
Blackstar Wealth Management Ltd (Registered number: 06697525) |
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Balance Sheet |
30 November 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Blackstar Wealth Management Ltd (Registered number: 06697525) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2016 |
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1. | STATUTORY INFORMATION |
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Blackstar Wealth Management Ltd is a
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The company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net commission received. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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Fixed asset investments |
Fixed asset investments are included at cost less impairment provision where appropriate. |
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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. |
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Current or deferred taxation assets and liabilities are not recognised. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Blackstar Wealth Management Ltd (Registered number: 06697525) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 December 2015 |
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Additions |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 December 2015 |
and 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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Included within Other debtors is an amount of £27,377 (2015: £27,377) in respect of a deferred tax asset. |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Blackstar Wealth Management Ltd (Registered number: 06697525) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2016 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 November 2016 and |
30 November 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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9. | RELATED PARTY DISCLOSURES |
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All material related party transactions were concluded under normal market conditions. |
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10. | TRANSITION TO FRS 102 |
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The company has adopted FRS 102 for the year ended 30 November 2016 with a date of transition of 1 |
December 2014. Changes to opening equity for the comparative period are shown in the following tables; there |
are no changes to profit in the comparative period. |