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REGISTERED NUMBER: 04714674 (England and Wales)
















SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED

STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018






SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Strategic Report 2

Report of the Director 3 to 4

Report of the Independent Auditors 5 to 6

Income Statement 7

Other Comprehensive Income 8

Statement of Financial Position 9

Statement of Changes in Equity 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13 to 19


SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: P R Lewis



REGISTERED OFFICE: 957 Melton Road
Thurmaston
Leicester
LE4 8GQ



REGISTERED NUMBER: 04714674 (England and Wales)



AUDITORS: Duncan & Toplis Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Barclays Bank plc
33 - 35 High Street
Grantham
Lincolnshire
NG31 6PH

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

STRATEGIC REPORT
for the Year Ended 31 March 2018

The director presents his strategic report for the year ended 31 March 2018.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of corporate finance advice.

REVIEW OF BUSINESS
The director aims to present a balanced and comprehensive review of the business development and performance for
the year ended 31 March 2018 and of its position at the year end.

The director is pleased to report a satisfactory profit for 2018. The Company's income comprised principally of
consultancy income, although it is engaged in a number of fund raising projects which are expected to come to
fruition in the coming year.

The key performance indicators are considered to be those that communicate the financial performance and strength
of the company as a whole, these being turnover, gross profit and net profit. These are as set out on page 7.

The Company is now seeking to build its traditional corporate finance business in the background of an improving
economy. It has taken offices in London and is recruiting staff to support this activity as well as providing research and
corporate investment advice.

As for many businesses of our size, the business environment in which we operate continues to be challenging.
Despite the challenging market place and economic climate our ability to offer and deliver a high level of service has
enabled the company to continue to move forward. We have and are still continuing to develop additional facilities
and services to complement our existing business.

PRINCIPAL RISKS AND UNCERTAINTIES
The main risks arising from the company's activities are liquidity risk and credit risk.

Liquidity risk
The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs.
Short term flexibility is achieved by maintaining sufficient cash balances and ensuring there are only limited exposures
to unavoidable ongoing overheads.

Credit risk
The company seeks to manage its credit risk by constant monitoring of the credit-worthiness of customers and by
identifying and addressing any credit issues in a timely manner.

ON BEHALF OF THE BOARD:





P R Lewis - Director


25 June 2018

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

REPORT OF THE DIRECTOR
for the Year Ended 31 March 2018

The director presents his report with the financial statements of the company for the year ended 31 March 2018.

DIVIDENDS
Interim dividends per share were paid as follows:
12,000 - 30 June 2017
10,000 - 30 September 2017
10,000 - 31 December 2017
8,000 - 31 March 2018
40,000

The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2018 will be £ 40,000 .

DIRECTOR
P R Lewis held office during the whole of the period from 1 April 2017 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements
in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the
director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director
must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of
affairs of the company and of the profit or loss of the company for that period. In preparing these financial
statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company
will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the
company's transactions and disclose with reasonable accuracy at any time the financial position of the company and
enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

REPORT OF THE DIRECTOR
for the Year Ended 31 March 2018


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act
2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a
director in order to make himself aware of any relevant audit information and to establish that the company's
auditors are aware of that information.

ON BEHALF OF THE BOARD:





P R Lewis - Director


25 June 2018

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED

Opinion
We have audited the financial statements of Shire Warwick Lewis Corporate Finance Limited (the 'company') for the
year ended 31 March 2018 which comprise the Income Statement, Other Comprehensive Income, Statement of
Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash
Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those
matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's
members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2018 and of its profit for the year then
ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the
financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to
you where:
- the director's use of the going concern basis of accounting in the preparation of the financial statements is not
appropriate; or
- the director has not disclosed in the financial statements any identified material uncertainties that may cast
significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a
period of at least twelve months from the date when the financial statements are authorised for issue.

Other information
The director is responsible for the other information. The other information comprises the information in the Strategic
Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors
thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED


Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Director for the financial year for which the
financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal
requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the
audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to
you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such internal control as the director determines necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic
alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with
ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and
are considered material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at www.frc.org.uk/auditorsresponsibilities . This description forms part of our Report of
the Auditors.




Michael Argyle BSc ACA (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

25 June 2018

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

INCOME STATEMENT
for the Year Ended 31 March 2018

2018 2017
Notes £    £   

REVENUE 295,826 79,672

Cost of sales 3,364 2,795
GROSS PROFIT 292,462 76,877

Administrative expenses 104,838 48,383
OPERATING PROFIT and
PROFIT BEFORE TAXATION 187,624 28,494

Tax on profit 5 35,521 6,004
PROFIT FOR THE FINANCIAL YEAR 152,103 22,490

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

OTHER COMPREHENSIVE INCOME
for the Year Ended 31 March 2018

2018 2017
Notes £    £   

PROFIT FOR THE YEAR 152,103 22,490


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

152,103

22,490

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

STATEMENT OF FINANCIAL POSITION
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 7 4,889 1,169

CURRENT ASSETS
Debtors 8 231,833 71,017
Cash at bank 9,460 6,672
241,293 77,689
CREDITORS
Amounts falling due within one year 9 70,977 17,149
NET CURRENT ASSETS 170,316 60,540
TOTAL ASSETS LESS CURRENT LIABILITIES 175,205 61,709

CREDITORS
Amounts falling due after more than one
year

10

(1,561

)

-

PROVISIONS FOR LIABILITIES 13 (341 ) (509 )
NET ASSETS 173,303 61,200

CAPITAL AND RESERVES
Called up share capital 14 15,000 15,000
Retained earnings 158,303 46,200
SHAREHOLDERS' FUNDS 173,303 61,200

The financial statements were approved by the director on 25 June 2018 and were signed by:





P R Lewis - Director


SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 March 2018

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 April 2016 15,000 44,710 59,710

Changes in equity
Dividends - (21,000 ) (21,000 )
Total comprehensive income - 22,490 22,490
Balance at 31 March 2017 15,000 46,200 61,200

Changes in equity
Dividends - (40,000 ) (40,000 )
Total comprehensive income - 152,103 152,103
Balance at 31 March 2018 15,000 158,303 173,303

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2018

2018 2017
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 51,809 35,659
Tax paid (5,770 ) (8,792 )
Net cash from operating activities 46,039 26,867

Cash flows from investing activities
Purchase of tangible fixed assets (6,037 ) (325 )
Net cash from investing activities (6,037 ) (325 )

Cash flows from financing activities
Capital repayments in year 3,003 -
Amount introduced by directors - 175
Amount withdrawn by directors (217 ) -
Equity dividends paid (40,000 ) (21,000 )
Net cash from financing activities (37,214 ) (20,825 )

Increase in cash and cash equivalents 2,788 5,717
Cash and cash equivalents at beginning of
year

2

6,672

955

Cash and cash equivalents at end of year 2 9,460 6,672

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE STATEMENT OF CASH FLOWS
for the Year Ended 31 March 2018

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2018 2017
£    £   
Profit before taxation 187,624 28,494
Depreciation charges 2,317 533
189,941 29,027
(Increase)/decrease in trade and other debtors (160,816 ) 6,138
Increase in trade and other creditors 22,684 494
Cash generated from operations 51,809 35,659

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect
of these Statement of Financial Position amounts:

Year ended 31 March 2018
31/3/18 1/4/17
£    £   
Cash and cash equivalents 9,460 6,672
Year ended 31 March 2017
31/3/17 1/4/16
£    £   
Cash and cash equivalents 6,672 955

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Shire Warwick Lewis Corporate Finance Limited is a private company, limited by shares , registered in England
and Wales. 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 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.

Critical judgements and estimation uncertainties
In the application of the Company's accounting policies, management is required to make judgements,
estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from
other sources. The estimates and underlying assumptions are based on historical experience and other factors
that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised if the revision affects only that period,
or in the period of the revision and future periods if the revision affects both current and future periods.

The key source of estimation uncertainty that has a significant effect on the amounts recognised in the
financial statements is as follows.

Bad debt provision
The company makes an estimate of the overall recoverable value of trade and other debtors. When assessing
the impairment of trade and other debtors, management consider factors including the current credit rating of
the debtor, the ageing profile of debtors and historical experience. Debtors are stated after provisions for
impairment of £19,968 (2017 - £9,968).

Revenue recognition
Consultancy fee income is recognised as revenue is earned through the completion of work.

Property, plant and equipment.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 20% on cost

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 statement of financial position date.


SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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 sterling at the rates of exchange ruling at the
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the
operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the
period of the lease.

Assets acquired under finance leases or hire purchase contracts are capitalised in the statement of financial
position and depreciated over their estimated useful lives. The related obligations, net of future finance
charges, are included in creditors.

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at
transaction price, 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.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying
amount and the present value of the estimated cash flows discounted at the asset's original effective interest
rate. The impairment loss is recognised in profit or loss.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or
joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in the income
statement, except that investments in equity instruments that are not publically traded and whose fair values
cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are
settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another
party or (c) control of the asset has been transferred to another party who has the practical ability to
unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities, including trade and other creditors, 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year
or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS
2018 2017
£    £   
Wages and salaries 40,287 15,540
Social security costs 364 343
40,651 15,883

The average number of employees during the year was as follows:
2018 2017

Management 2 2

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS - continued

2018 2017
£    £   
Director's remuneration 10,800 10,600

4. OPERATING PROFIT

The operating profit is stated after charging:

2018 2017
£    £   
Hire of plant and machinery 2,125 -
Depreciation - owned assets 2,317 533
Auditors' remuneration 2,925 3,040

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2018 2017
£    £   
Current tax:
UK corporation tax 35,689 5,770

Deferred tax (168 ) 234
Tax on profit 35,521 6,004

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is
explained below:

2018 2017
£    £   
Profit before tax 187,624 28,494
Profit multiplied by the standard rate of corporation tax in the UK of 19%
(2017 - 20%)

35,649

5,699

Effects of:
Capital allowances in excess of depreciation (327 ) -
Depreciation in excess of capital allowances - 275
Expenses not deductible for tax purposes 199 30
purposes

Total tax charge 35,521 6,004

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

6. DIVIDENDS
2018 2017
£    £   
Ordinary shares of £1 each
Interim 40,000 21,000

7. PROPERTY, PLANT AND EQUIPMENT
Office
Equipment
£   
COST
At 1 April 2017 9,840
Additions 6,037
At 31 March 2018 15,877
DEPRECIATION
At 1 April 2017 8,671
Charge for year 2,317
At 31 March 2018 10,988
NET BOOK VALUE
At 31 March 2018 4,889
At 31 March 2017 1,169

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,299 13,476
Amounts owed by related parties 218,666 54,214
Prepayments 10,868 3,327
231,833 71,017

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Finance leases (see note 11) 1,442 -
Trade creditors 50 50
Amounts owed to related parties - 849
Corporation tax 35,689 5,770
Other creditors 30,450 7,250
Director's loan account 313 530
Accrued expenses 3,033 2,700
70,977 17,149

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Finance leases (see note 11) 1,561 -

11. LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases
2018 2017
£    £   
Net obligations repayable:
Within one year 1,442 -
Between one and five years 1,561 -
3,003 -

12. FINANCIAL INSTRUMENTS

The company has the following financial instruments:

2018 2017
£ £
Financial assets that are debt instruments measured at amortised cost
Trade debtors 2,299 13,476
Amounts owed by related parties 218,666 54,214

Financial liabilities measured at amortised cost
Finance leases 3,003 -
Trade creditors 50 50
Amounts owed to related parties - 849
Other creditors 30,450 7,250
Director's loan account 313 530

The total interest income and interest expense for financial assets and financial liabilities that are not
measured at fair value through profit or loss was £nil (2017 - £nil) and £nil (2017 - £nil) respectively.

13. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax
Accelerated capital allowances 341 509

Deferred
tax
£   
Balance at 1 April 2017 509
Credit to Income Statement during year (168 )
Balance at 31 March 2018 341

SHIRE WARWICK LEWIS CORPORATE FINANCE
LIMITED (REGISTERED NUMBER: 04714674)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

14. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
15,000 Ordinary £1 15,000 15,000

15. RELATED PARTY DISCLOSURES

The company made sales of £195,827 (2017 - £79,672) to companies in which the director is also a director.
The net total amount due from related parties at the year end was £218,666 (2017 - £53,366). The amount
due is unsecured and repayable on demand.

The company made payments of £Nil (2017 - £4,200) to a close family member of the director for the rental of
premises during the period.

Key management personnel compensation

Key management personnel compensation is considered to be the same as reported under director's
remuneration disclosed in note 3.


16. CONTROLLING PARTY

The controlling party is P R Lewis, the director of the company.