White Arrow Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08802299 (England and Wales)

Abridged Unaudited Financial Statements

For The Year Ended 30 June 2018

for

White Arrow Trading Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

P Marinopoulos

REGISTERED OFFICE:

161 Lancaster Road

Enfield

Middlesex

EN2 0JN

REGISTERED NUMBER:

08802299 (England and Wales)

ACCOUNTANTS:

Lee Christian & Co Ltd

Chartered Certified Accountants

161 Lancaster Road

Enfield

Middlesex

EN2 0JN

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of White Arrow Trading Limited for the year ended 30 June 2018 which comprise the Abridged

Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of White Arrow Trading Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of White Arrow Trading Limited and state those matters that we have agreed to state to the director of White Arrow Trading Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that White Arrow Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of White Arrow Trading Limited. You consider that White Arrow Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of White Arrow Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lee Christian & Co Ltd

Chartered Certified Accountants

161 Lancaster Road

Enfield

Middlesex

EN2 0JN

12 March 2019

CURRENT ASSETS

Investments

2,586,093

2,623,491

Cash at bank

52,309

128,862

2,638,402

2,752,353

CREDITORS

Amounts falling due within one year

2,427,608

2,498,968

NET CURRENT ASSETS

210,794

253,385

TOTAL ASSETS LESS CURRENT LIABILITIES

210,794

253,385

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

209,794

252,385

SHAREHOLDERS' FUNDS

210,794

253,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 March 2019 and were signed by:

P Marinopoulos - Director

1.	STATUTORY INFORMATION

White Arrow Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared under the historical cost convention except for financial

instruments that have been measured at fair value.

Turnover

Turnover represents net income from investment transactions.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially

recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Investments

Investments in non-convertible preference shares and non-puttable ordinary shares are measured at fair value,

with changes recognised in profit or loss.

Investments in unquoted equity instruments are measured at fair value with changes in fair value being

recognised in profit or loss. Where reliable estimates of market valuations are unavailable fair value is estimated

by using a valuation technique.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5.	LIABILITY LIMITATION AGREEMENT WITH THE ACCOUNTANT

The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited

in respect of advice given and the preparation of any financial statements. The liability agreement strictly

restricts the liability of Lee Christian & Co Limited solely to the White Arrow Trading Limited (the company)

and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee

Christian & Co Limited engagement letter and terms and conditions.