Registered number
06908181
A&W Leasing Limited
Filleted Accounts
31 March 2017
A&W Leasing Limited
Registered number: 06908181
Balance Sheet
as at 31 March 2017
Notes 2017 2016
£ £
Partnership Interests 4 & 5 563,152 538,289
Current assets
Cash at bank and in hand 3,785 5,037
Creditors: amounts falling due within one year 2 (8,596) (7,075)
Net current liabilities (4,811) (2,038)
Total assets less current liabilities 558,341 536,251
Creditors: amounts falling due after more than one year 3 (450,000) (450,000)
Net assets 108,341 86,251
Capital and reserves
Called up share capital 50,050 50,050
Profit and loss account 58,291 36,201
Shareholders' funds 108,341 86,251
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Geddes
Director
Approved by the board on 1 December 2017
A&W Leasing Limited
Notes to the Accounts
for the year ended 31 March 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises the company’s share of partnership profits.
Partnership Interests
Partnership Interests and LLP Interests are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 7,966 6,445
Accruals 630 630
8,596 7,075
3 Creditors: amounts falling due after one year 2017 2016
£ £
Other creditors 450,000 450,000
4 Interest in Triple Point Lease Partners 2017 2016
£ £
Partnership Interest - B/fwd 264,641 522,507
Partnership Interest - Profit in period 10,778 18,894
Partnership Interest - Withdrawn in period (7,000) (276,760)
268,419 264,641
5 Interest in Generations Navigator LLP 2017 2016
£ £
Partnership Interest GN - B/fwd 273,648 -
Partnership Interest GN - Introduced In Period - 266,760
Partnership Interest GN - Profit in Period 21,085 6,888
294,733 273,648
6 Related party transactions
At the reporting date, the company owed Mr A Geddes £450,000 (2016: £450,000). No interest was charged on the loan during the year.
7 Controlling party
Mr A Geddes is the ultimate controlling party by virtue of his 99.9% shareholding.
8 Other information
A&W Leasing Limited is a private company limited by shares and incorporated in England. Its registered office is: 30 Camp Road, Farnborough, Hampshire, GU14 6EW.
9 Transition to FRS 102
This is the first period the Company has presented its financial statements under Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial statements under previous UK GAAP were for the period ended 31 March 2016 and the date of transition was 1 April 2015.

As a consequence of adopting FRS 102, a number of accounting policies have changed to comply with the standard. None of the accounting policy changes are material.

There have been no changes to the Company's equity and assets as a result of this conversion.
A&W Leasing Limited
Notes to the Accounts
for the year ended 31 March 2017
10 Interest in Triple Point Lease Partners
Reconcilliation to the accounts of Triple Point Lease Partners
Balance at Introduced Profit Withdrawn Costs Balance at
1 April 2016 In period share In period In period 31 March 2017
£ £ £ £ £ £
A&W Leasing Limited 264,641 - 10,778 (7,000) - 268,419
Other Partners 115,167,255 9,462,032 6,110,891 (18,854,965) - 111,885,213
Triple Point Lease Partners Total 115,431,896 9,462,032 6,121,669 (18,861,965) - 112,153,632
11 Interest in Generations Navigator LLP
Reconcilliation to the accounts of Generations Navigator LLP
Balance at Introduced Profit Withdrawn Costs Balance at
1 April 2016 In period share In period In period 31 March 2017
£ £ £ £ £ £
A&W Leasing Limited 273,648 - 21,085 - - 294,733
Other Partners 13,276,020 4,062,700 1,209,035 (5,293,975) - 13,253,780
Generations Navigator LLP Total 13,549,668 4,062,700 1,230,120 (5,293,975) - 13,548,513
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