REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2018 |
for |
AAA Advisory Services Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 April 2018 |
for |
AAA Advisory Services Ltd |
AAA Advisory Services Ltd (Registered number: 07233154) |
Contents of the Financial Statements |
for the Year Ended 30 April 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AAA Advisory Services Ltd |
Company Information |
for the Year Ended 30 April 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Birchin Court |
20 Birchin Lane |
London |
EC3V 9DJ |
AAA Advisory Services Ltd (Registered number: 07233154) |
Balance Sheet |
30 April 2018 |
30.4.18 | 30.4.17 |
Notes | € | € |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
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 |
AAA Advisory Services Ltd (Registered number: 07233154) |
Notes to the Financial Statements |
for the Year Ended 30 April 2018 |
1. | STATUTORY INFORMATION |
AAA Advisory Services Ltd is a |
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 |
Turnover |
Turnover represents fees receivable from the partnership. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into Euro at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into Euro at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
Compliance with accounting standards |
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United |
Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise |
stated). |
Investments |
Fixed asset investments are stated at cost less provision for diminution in value. |
AAA Advisory Services Ltd (Registered number: 07233154) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
2. | ACCOUNTING POLICIES - continued |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other |
Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's statement of financial position when the company becomes |
party to the contractual provisions of the instrument. |
Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a |
legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
Basic financial assets |
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured |
at transaction price including transaction costs and are subsequently carried at amortised cost using the effective |
interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the |
present value of the future receipts discounted at a market rate of interest. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the |
company after deducting all of its liabilities. |
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group |
companies and preference shares that are classified as debt, are initially recognised at transaction price unless the |
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the |
future receipts discounted at a market rate of interest. |
3. | FIXED ASSET INVESTMENTS |
Interest |
in other |
participating |
interests |
€ |
COST |
At 1 May 2017 |
and 30 April 2018 | 58 |
NET BOOK VALUE |
At 30 April 2018 | 58 |
At 30 April 2017 | 58 |
The company has a 5% interest in a partnership, namely AAA Advisory, which trades outside the United Kingdom. |
The share of turnover in the partnership for the year is EUR 127,011 (2017: EUR 70,518). The share of net assets in |
the partnership amounts to EUR 272,348 (2017: EUR159,371). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
€ | € |
Amounts owed by participating interests | 272,290 | 159,313 |
Other debtors |
AAA Advisory Services Ltd (Registered number: 07233154) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2018 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.18 | 30.4.17 |
€ | € |
Taxation and social security |
6. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 30.4.18 | 30.4.17 |
value: | € | € |
Share capital 1 | £1 | 1 | 1 |
7. | ULTIMATE CONTROLLING PARTY |
The beneficial owner is Mr D A G P Belloin. |