Whistle Pig Ltd
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 December 2018
Company Registration No. 09326884 (England and Wales)
Whistle Pig Ltd
Company Information
Directors
T Minchin
A Ptaszynski
D Rubin
M Warchus
Company number
09326884
Registered office
Charlotte Building
17 Gresse Street
London
W1T 1QL
Accountants
Moore Kingston Smith LLP
Charlotte Building
17 Gresse Street
London
W1T 1QL
Business address
c/o Playful Entertainment Ltd
4th Floor
41-44 Great Queen Street
London
WC2B 5AD
Whistle Pig Ltd
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
Whistle Pig Ltd
Balance Sheet
As at 31 December 2018
Page 1
2018
2017
as restated
Notes
£
£
£
£
Current assets
Debtors
3
1,083
-
Cash at bank and in hand
20,743
49,892
21,826
49,892
Creditors: amounts falling due within one year
4
(74,434)
(96,625)
Net current liabilities
(52,608)
(46,733)
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
(52,708)
(46,833)
Total equity
(52,608)
(46,733)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 25 September 2019 and are signed on its behalf by:
A Ptaszynski
Director
Company Registration No. 09326884
Whistle Pig Ltd
Statement of Changes in Equity
For the year ended 31 December 2018
Page 2
Share capital
Profit and loss reserves
Total
£
£
£
As restated for the period ended 31 December 2017:
Balance at 1 January 2017
100
-
100
Year ended 31 December 2017:
Loss and total comprehensive income for the year
-
(46,833)
(46,833)
Balance at 31 December 2017
100
(46,833)
(46,733)
Year ended 31 December 2018:
Loss and total comprehensive income for the year
-
(5,875)
(5,875)
Balance at 31 December 2018
100
(52,708)
(52,608)
Whistle Pig Ltd
Notes to the Financial Statements
For the year ended 31 December 2018
Page 3
1
Accounting policies
Company information
Whistle Pig Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken the following exemptions under the small companies regime:
-
The requirements of Section 4 Statement of Financial Position paragraph 4.12(a)(iv).
-
The requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17(d).
-
The requirements of Section 11 paragraphs 11.39 to 11.48A and Section 12 paragraphs 12.26 to 12.29A.
1.2
Going concern
The directors intend to voluntarily dissolve the company within twelve months of the signing of these
accounts and therefore
the financial statements
have not been prepared on the going concern basis.
Any fixed assets have been reclassified to current assets and restated to recoverable amount on the
grounds that the company is no longer trading and are available for sale in their current condition and
current assets have been stated at recoverable amounts. Creditors falling due after more than one year
have been reclassified as current.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.4
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Whistle Pig Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2018
1
Accounting policies
(Continued)
Page 4
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was: Nil (2017: Nil).
Key management personnel includes all the directors of the company who have authority and responsibility for planning, directing and controlling the activities of the company.
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Other debtors
1,083
-
4
Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
3,200
6,826
Other taxation and social security
-
148
Other creditors
68,334
87,051
Accruals and deferred income
2,900
2,600
74,434
96,625
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
Whistle Pig Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2018
Page 5
6
Directors' transactions
Description
% Rate
Opening balance
Closing balance
£
£
D Rubin - Company Director
-
5,000
5,000
5,000
5,000
7
Ultimate controlling party
Ultimate control of the company is shared equally between D Rubin, M Warchus, A Ptaszynski and T Minchin by virtue of share capital owned in the company.
8
Prior period adjustment
Changes to the balance sheet
At 31 December 2017
As previously reported
Adjustment
As restated
£
£
£
Current assets
Bank and cash
41,979
7,913
49,892
Creditors due within one year
Taxation
(148)
-
(148)
Other creditors
(66,477)
(30,000)
(96,477)
Net assets
(24,646)
(22,087)
(46,733)
Capital and reserves
Share capital
100
-
100
Profit and loss
(24,746)
(22,087)
(46,833)
Total equity
(24,646)
(22,087)
(46,733)
Whistle Pig Ltd
Notes to the Financial Statements (Continued)
For the year ended 31 December 2018
8
Prior period adjustment
(Continued)
Page 6
Changes to the profit and loss account
Period ended 31 December 2017
As previously reported
Adjustment
As restated
£
£
£
Turnover
-
10,513
10,513
Administrative expenses
(20,810)
(32,600)
(53,410)
Loss for the financial period
(24,746)
(22,087)
(46,833)
The balance sheet and profit and loss account have been adjusted for prior year error due to the transactions on a bank account incorrectly being omitted from the originally reported result. The financial impact increases current assets by £7,913, creditors due within one year by £30,000, and losses by £22,087.