Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The company has been dormant throughout the year.true2017-01-01truetrue 03005688 2016-12-31 03005688 c:Director1 2017-01-01 2017-12-31 03005688 d:ShareCapital 2017-12-31 03005688 d:ShareCapital 2016-12-31 03005688 d:RetainedEarningsAccumulatedLosses 2017-12-31 03005688 d:RetainedEarningsAccumulatedLosses 2016-12-31 03005688 c:EntityHasNeverTraded 2017-01-01 2017-12-31 03005688 c:FRS102 2017-01-01 2017-12-31 03005688 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 03005688 c:FullAccounts 2017-01-01 2017-12-31 03005688 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 03005688 2017-01-01 2017-12-31 03005688 2017-12-31 iso4217:GBP

Registered number:  03005688














ABBEY MEADS FINANCIAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

 
ABBEY MEADS FINANCIAL LIMITED
REGISTERED NUMBER: 03005688

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2017

2017
2016
Note
£
£

  

  

TOTAL ASSETS LESS CURRENT LIABILITIES
  
 
-
 
-

  

NET ASSETS
  
-
-


CAPITAL AND RESERVES
  

Called up share capital 
  
4
4

Profit and loss account
  
(4)
(4)

  
-
-


For the year ended 31 December 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 September 2018.




D J Hesketh
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
ABBEY MEADS FINANCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1.


GENERAL INFORMATION

The entity is a private limited liability company, limited by shares registered in England and Wales within the United Kingdom. The registered office is Paradigm House, Brooke Court, Wilmslow, Cheshire, SK9 3ND and company number is 03005688.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The presentation currency of these financial statements is pound sterling; the financial statements are rounded to the nearest pound.

  
2.2
FRS 102 exemptions taken

The company has taken advantage of the exemption allowed under FRS 102 1.12 to not prepare an individual cashflow statement on the grounds that the publicly available consolidated accounts already include one.

 
2.3

GOING CONCERN

The company depends on the support of the Perspective group. The company participates in the group’s centralised treasury arrangements and so shares banking arrangements with its parent and
fellow subsidiaries.
The directors, having assessed the responses of the directors of the company’s parent Perspective Financial Group Limited to their enquiries have no reason to believe that a material uncertainty
exists that may cast significant doubt about the ability of the Perspective group to continue as a going concern or its ability to continue with the current banking arrangements.
On the basis of their assessment of the company’s financial position and of the enquiries made of the directors of Perspective Financial Group Limited, the company’s directors have a reasonable
expectation that the company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual
financial statements.


3.


CONTINGENT LIABILITIES

The company has entered into a cross guarantee with other group companies such that it will guarantee
the  borrowings  of  those  other  group  companies  should  they  be  unable  to  meet  their  liabilities.  At  31 December 2017 the potential liability was £26,143,866 (2016 - £27,034,204).


4.


RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption conferred under FRS 102, as a wholly owned subsidiary, not to disclose balances and transactions with other group companies as consolidated accounts of the ultimate parent are available.

Page 2
 
ABBEY MEADS FINANCIAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

5.


CONTROLLING PARTY

The company is a 100% subsidiary of Equilibrium Wealth Management Limited, incorporated in England & Wales.
The ultimate parent company is Perspective Financial Group Limited, registered in England and Wales
and Equilibrium Wealth Management Limited is included in the consolidated financial statements of the
ultimate parent. Copies of the parent company financial statements may be obtained from Companies
House, Cardiff, CF14 3UZ.
The company is under the control of the directors of Perspective Financial Group Limited. 

Page 3