|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRYANT PEERS (INVESTMENTS) LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 5 APRIL 2017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRYANT PEERS (INVESTMENTS) LIMITED |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 5 APRIL 2017 |
|
|
|
|
|
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 | to | 3 |
|
Notes to the Financial Statements | 4 | to | 7 |
|
BRYANT PEERS (INVESTMENTS) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Delandale House |
37 Old Dover Road |
Canterbury |
Kent |
CT1 3JF |
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
STATEMENT OF FINANCIAL POSITION |
5 APRIL 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
|
|
|
CURRENT ASSETS |
Debtors | 4 |
|
|
Investments | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
STATEMENT OF FINANCIAL POSITION - continued |
5 APRIL 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Fair value reserve | 9 |
|
|
Retained earnings | 9 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges her 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
1. | STATUTORY INFORMATION |
|
Bryant Peers (Investments) Limited is a
|
The company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost |
convention. |
|
The company transitioned from previously extant Financial Reporting for Smaller Entities to Section 1A of FRS |
102 at 6 April 2016. |
|
The financial statements are produced in sterling (£) which is also the functional currency for the company and |
rounded to the nearest £1. |
|
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
|
After reviewing the company's forecasts and projections and taking into account the economic conditions and |
possible changes in trading performance, the directors of the company have a reasonable expectation that the |
company has adequate resources to continue in operational existence for the foreseeable future. The company |
therefore continues to adopt the going concern basis in preparing its financial statements. |
|
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue |
earned from: |
|
Interest income - Interest income is recognised using the effective interest method. |
|
Dividend income - UK and overseas dividend income is recognised when the right to receive payment is |
established. |
|
Trade and other payables |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing |
transaction in which case the transaction is measured at present value of future payments discounted at prevailing |
market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. |
They are subsequently measured at amortised cost using the effective interest method. |
|
Trade and other receivables |
Trade and other receivables are measured at transaction price less any impairment unless the arrangement |
constitutes a financing transaction in which case the transaction is measured at the present value of the future |
receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are |
subsequently measured at amortised cost using the effective interest method less any impairment. |
|
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
2. | ACCOUNTING POLICIES - continued |
Taxation |
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or |
past reporting periods using tax rates that have been enacted or substantively enacted by the reporting date. |
|
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and |
other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against |
future taxable profits or against the reversal of deferred tax liabilities. |
|
Deferred tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date |
that are expected to apply to the reversal of the timing difference. |
|
Financial instruments |
Financial instruments are classified, and accounted for, according to the substance of the contractual |
arrangement, as for financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
|
Investments |
Investments are a form of financial instrument and are initially recognised at their transaction cost and |
subsequently measured at fair value at the reporting date. Investment gains and losses on revaluation and sale are |
shown under '(Gain)/loss on sale and revaluation of investments' within the Income Statement. |
|
|
|
|
|
|
3. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST OR VALUATION |
At 6 April 2016 |
|
Additions |
|
Disposals | ( |
) |
Revaluations |
|
At 5 April 2017 |
|
NET BOOK VALUE |
At 5 April 2017 |
|
At 5 April 2016 |
|
|
Cost or valuation at 5 April 2017 is represented by: |
|
Listed |
investments |
£ |
Valuation in 2016 | 221,372 |
Valuation in 2017 | 84,744 |
Cost | 176,527 |
482,643 |
|
Market value of listed investments at 5 April 2017 - £ 482,643 . |
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
|
|
Tax |
|
|
|
|
|
5. | CURRENT ASSET INVESTMENTS |
2017 | 2016 |
£ | £ |
Other |
|
|
|
Other investments include un-invested cash held by the broker managing the company's discretionary portfolio |
service. |
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
|
|
|
8. | FINANCIAL INSTRUMENTS |
|
2017 | 2016 |
£ | £ |
Financial assets |
|
Financial assets measured at fair value through profit or loss | 501,840 | 420,562 |
======== | ======== |
|
|
Financial assets measured at fair value through profit or loss comprise fixed asset investments, current asset |
investments and cash at bank. |
|
9. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
|
At 6 April 2016 |
|
|
361,766 |
Profit for the year |
|
|
Dividends | ( |
) | ( |
) |
Transfers | (68,642 | ) | 68,642 | - |
At 5 April 2017 |
|
|
422,276 |
BRYANT PEERS (INVESTMENTS) LIMITED (REGISTERED NUMBER: 00815938) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2017 |
|
10. | RELATED PARTY DISCLOSURES |
|
During the year, total dividends of £5,000 (2016 - £5,000) were paid to the director . |
|
11. | FIRST YEAR ADOPTION |
|
The company transitioned from previously extant Financial Reporting for Smaller Entities to Section 1A of |
Financial Reporting Standard 102 at 6 April 2016. |
|
The introduction of Section 1A of Financial Reporting Standard 102 has resulted in a restatement of fixed asset |
investments to fair value, together with a deferred tax provision based on the restatement amount. This has |
resulted in a non-distributable fair value reserve brought forward of £179,312. |