Year Ended
Registration number:
William Hill Consulting Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
William Hill Consulting Limited
Company Information
Directors |
Mr W A Hill Miss V K M Hill Mrs C Hill |
Registered office |
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Accountants |
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William Hill Consulting Limited
Balance Sheet
31 March 2020
Note |
2020 |
2019 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Other financial assets |
90,031 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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William Hill Consulting Limited
Balance Sheet
31 March 2020
For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 08900428
William Hill Consulting Limited
Notes to the Financial Statements
Year Ended 31 March 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales .
The address of its registered office is:
The principal place of business is:
Oaklawn
Burnhams Road
Bookham
Leatherhead
Surrey
KT23 3BB
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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', including Section 1A and the Companies Act 2006.
There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The directors of William Hill Consulting Limited have considered the impact of COVID-19.
In the opinion of the director, the company has sufficient working capital within existing facilities to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when fees are invoiced.
William Hill Consulting Limited
Notes to the Financial Statements
Year Ended 31 March 2020
Tax
Tax is recognised in the profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office equipment |
25% reducing balance |
Intangible assets
During the year the director invested in crypto currency. These investments have been recognised as intangible fixed assets. Any changes to the realised value of these assets have been recognised in the profit and loss.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Non-derivative equity instruments; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
William Hill Consulting Limited
Notes to the Financial Statements
Year Ended 31 March 2020
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
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At 1 April 2019 |
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At 31 March 2020 |
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Amortisation |
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At 1 April 2019 |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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Tangible assets |
Office equipment |
Total |
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Cost or valuation |
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At 1 April 2019 |
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At 31 March 2020 |
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Depreciation |
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At 1 April 2019 |
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Charge for the year |
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At 31 March 2020 |
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Carrying amount |
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At 31 March 2020 |
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At 31 March 2019 |
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William Hill Consulting Limited
Notes to the Financial Statements
Year Ended 31 March 2020
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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Fair value adjustments |
(7,641) |
(7,641) |
Additions |
97,672 |
97,672 |
At 31 March 2020 |
90,031 |
90,031 |
Impairment |
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Carrying amount |
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At 31 March 2020 |
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90,031 |
Debtors |
2020 |
2019 |
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Other debtors |
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Creditors |
2020 |
2019 |
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Due within one year |
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Corporation tax |
26,400 |
41,900 |
Social security and other taxes |
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Accrued expenses |
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William Hill Consulting Limited
Notes to the Financial Statements
Year Ended 31 March 2020
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
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Transactions with directors |
2020 |
At 1 April 2019 |
Advances to director |
Repayments by director |
At 31 March 2020 |
Director |
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Interest charges at 2.5% and repayable on demand |
74,253 |
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( |
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2019 |
At 1 April 2018 |
Advances to directors |
Repayments by director |
At 31 March 2019 |
Director |
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Interest charges at 2.5% and repayable on demand |
- |
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( |
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Contingent assets |
Intangible assets
Following the year end, the company has completed a compensation deal relating to intangible assets purchased in the year to 31 March 2019 at a cost of £50,000. Under the terms of the agreement the company will receive compensation of 73% of the purchase cost. However as the timing of the payment of compensation is not clear, the proceeds have not been recognised as an asset at this time. The expected financial effect of the contingent asset is £36,500.