Registration number:
ESPERANZA Search Limited
for the Period from 31 January 2017 to 31 January 2018
2nd Floor The Port House
Marina Keep
Port Solent
Portsmouth
PO6 4TH
ESPERANZA Search Limited
Contents
Company Information |
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Director's Report |
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Balance Sheet |
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Notes to the Financial Statements |
ESPERANZA Search Limited
Company Information
Director |
Sarah-Jayne Bennell |
Registered office |
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Accountants |
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Page 1 |
ESPERANZA Search Limited
Director's Report for the Period from 31 January 2017 to 31 January 2018
The director presents her report and the financial statements for the period from 31 January 2017 to 31 January 2018.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Incorporation
The company was incorporated on
Director of the company
The director who held office during the period was as follows:
Going concern
The financial statements have been prepared on a going concern basis as the shareholders have agreed to support the business.
Small companies provision statement
This report has 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.
Approved by the
.........................................
Sarah-Jayne Bennell
Director
Page 2 |
ESPERANZA Search Limited
(Registration number: 10592204)
Balance Sheet as at 31 January 2018
2018 |
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Fixed assets |
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Current assets |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
Net current liabilities |
( |
( |
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Capital and reserves |
( |
Page 3 |
ESPERANZA Search Limited
(Registration number: 10592204)
Balance Sheet as at 31 January 2018
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
For the financial period ending 31 January 2018 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Sarah-Jayne Bennell
Director
Page 4 |
ESPERANZA Search Limited
Notes to the Financial Statements for the Period from 31 January 2017 to 31 January 2018
General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Accounting Policies |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer Equipment |
2 Years Straight Line |
Fixture and Fittings |
2 and 5 Years Straight Line |
Reclassifications
It is the company’s policy to reclassify, where appropriate, the prior year comparative accounts to conform to the current year presentation.
Related party transactions |
Transactions with director |
2018 |
Advances to director |
Repayments by director |
At 31 January 2018 |
Sarah-Jayne Bennell |
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Interest free loan |
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( |
( |
Page 5 |
ESPERANZA Search Limited
Notes to the Financial Statements for the Period from 31 January 2017 to 31 January 2018
Staff |
The average number of persons employed by the company (including the director) during the period, analysed by category was as follows:
2018 |
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Administration and support |
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5 Rental Agreement
Effective 6th April 2017, the company entered into a two-year rental agreement with the director for the use of office space. The rental agreement stipulates that the company is obligated to pay an amount approximating fair market value totalling £12,000 annually. There are no restrictions or covenants with regard to the rental agreement.
Rental payments made for the period ending 31 January 2018 totalled £10,000, whilst the future rental payments due on the rental agreement as of 31 January 2018 were £12,000 and £2,000 for 2019 and 2020, respectively.
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