REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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CAPITAL INVESTMENT ADVISORS LTD |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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CAPITAL INVESTMENT ADVISORS LTD |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Company Information | 1 |
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Director's Responsibilities Statement | 2 |
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Independent Chartered Certified Accountants'
Review Report |
3 |
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Abridged Statement of Financial Position | 4 |
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Notes to the Financial Statements | 6 |
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Director's Responsibilities Statement | 2 |
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Independent Chartered Certified Accountants'
Review Report |
3 |
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CAPITAL INVESTMENT ADVISORS LTD |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
DIRECTOR'S RESPONSIBILITIES STATEMENT |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
CAPITAL INVESTMENT ADVISORS LTD |
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The following reproduces the text of the report prepared for the director and members in respect of |
the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
the company is only required to file a Statement of Financial Position. Readers are cautioned that the |
Income Statement and certain other primary statements and the Report of the Director are not |
required to be filed with the Registrar of Companies. |
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I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to: |
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- | ensure that the company has kept proper accounting records; |
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prepare financial statements which give a true and fair view of the state of affairs of the company as at
31 March 2016 and of its profit for that period in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and |
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follow the applicable accounting policies, subject to any material departures disclosed and explained in
the notes to the financial statements. |
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24 May 2016 |
INDEPENDENT CHARTERED CERTIFIED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTOR OF |
CAPITAL INVESTMENT ADVISORS LTD |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
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Review report by the auditors to the board of directors of Capital Investment Advisors Ltd (now known |
as WRM Capinvest Ltd). |
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In accordance with our engagement letter dated 13 May 2016, we have reviewed the company's |
statement of interim net profits for the period from 1 April 2015 to 31 March 2016 set out on page 5 of |
the financial statements. That statement is the responsibility of, and has been approved by,the |
directors. |
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Our review did not constitute an audit, and accordingly we do not express an audit opinion on the |
interim profits. It has been carried out having regard to Note 2 of the FCA Handbook and Practice |
Note 21: The audit of investment business in the United Kingdom (Revised) issued by the Financial |
Reporting Council. |
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On the basis of the result of our review, nothing has come to our attention that causes us to believe |
that: |
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- the interim net profits have not been calculated on the basis of the accounting policies adopted by |
the company in drawing up its annual financial statements for the year ended 31 March 2016; |
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- those accounting policies are not in accordance with the principles set out in (see Note 3); |
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- the interim net profits after tax amounting to £78,638 as so reported are not reasonably stated. |
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Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
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CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
31 MARCH 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Debtors: amounts falling due within one
year |
5 |
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Debtors: amounts falling due after more
than one year |
5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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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. |
CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
31 MARCH 2016 |
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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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CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1. | STATUTORY INFORMATION |
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Capital Investment Advisors Ltd (now known as WRM Capinvest Ltd) is a private company, limited by |
shares, registered in Not specified/Other. 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 sales of services net of VAT. Turnover is recognised when the services are |
provided to the customer. |
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Tangible fixed assets |
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Short leasehold | - |
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Fixtures and fittings | - |
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Deferred tax |
Deferred tax arises as a result of including items of income and expenditure in taxation computations |
in periods different from those in which they are included in the company's accounts. Deferred tax is |
provided in full on timing differences which result in an obligation to pay more (or a right to pay less) |
tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, |
based on current tax and laws. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the statement of financial position date. Transactions in foreign currencies are translated into sterling |
at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account |
in arriving at the operating result. |
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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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CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
At 1 April 2015 |
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Additions |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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5. | DEBTORS |
31.3.16 | 31.3.15 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
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Other debtors |
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Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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Long term debtors represents the rental deposit recoverable on the expiry of the current operating |
lease. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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CAPITAL INVESTMENT ADVISORS LTD (REGISTERED NUMBER: 07990219) |
(NOW KNOW AS) |
WRM CAPINVEST LTD |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.3.16 | 31.3.15 |
£ | £ |
Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Other loans | 2,201,046 | 1,214,011 |
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The above amount is owed to Time & Life S.A. There is no security for the loan and there are no |
terms to the loan. Interest is charged at a commercial variable rate during the year. |
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8. | LEASING AGREEMENTS |
At 31 March 2016, the company had annual commitments of £475,000 (2015 £435,000) under |
non-cancellable operating leases which expires after more than five years. |
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9. | CONTINGENT LIABILITIES |
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The company has no contingent liabilities as at 31 March 2016 or 31 March 2015. |
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10. | CAPITAL COMMITMENTS |
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There are no capital commitments contracted in the year. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its shareholders. |