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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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ASSETZ WEALTH MANAGEMENT LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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FOR |
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ASSETZ WEALTH MANAGEMENT LIMITED |
ASSETZ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06035275) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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ASSETZ WEALTH MANAGEMENT LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st December 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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1 City Road East |
Manchester |
M15 4PN |
ASSETZ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06035275) |
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BALANCE SHEET |
31st December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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ASSETZ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06035275) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31st December 2016 |
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1. | STATUTORY INFORMATION |
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Assetz Wealth Management Limited is a private company limited by share capital, incorporated in England and |
Wales, registration number 06035275. The address of the registered office is 1 City Road East, Manchester, |
M15 4PN. The principal place of business is Assetz House, Newby Road, Hazel Grove, Stockport, SK7 5DA |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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This is the first year that the company has presented its results under FRS 102. The last financial Statements |
under UK GAAP were prepared for the year ended 31 December 2015. The date of transition to FRS 102 was 1 |
January 2015. There are no transitional adjustments arising from the first time adoption of FRS 102 |
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The company has been dormant throughout the current year. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
ASSETZ WEALTH MANAGEMENT LIMITED (REGISTERED NUMBER: 06035275) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31st December 2016 |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1st January 2016 |
and 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
and 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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4. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr S A Law,by virtue of his majority shareholding in the company. |