Pointon York Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04356056 (England and Wales)

Unaudited Financial Statements

for the Period 1 April 2015 to 30 September 2016

for

Pointon York Limited

Formerly Pointon York SIPP Solutions

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G N Pointon

SECRETARY:

P Collins

REGISTERED OFFICE:

14 Queen Street

Uppingham

Oakham

Rutland

Leicestershire

LE15 9QR

REGISTERED NUMBER:

04356056 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Debtors

3

1,095,921

3,751,435

Cash at bank and in hand

334,799

275,260

1,430,720

4,026,695

CREDITORS

Amounts falling due within one year

4

10,153

33,908

NET CURRENT ASSETS

1,420,567

3,992,787

TOTAL ASSETS LESS CURRENT LIABILITIES

1,420,567

3,992,787

CAPITAL AND RESERVES

Called up share capital

850,000

850,000

Retained earnings

5

570,567

3,142,787

SHAREHOLDERS' FUNDS

1,420,567

3,992,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 June 2017 and were signed by:

G N Pointon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose

related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover consists of pension administration fees and consulting income. Pension administration fees

are recognised when invoiced and a proportion of the income is deferred to cover the contractual

obligations to be undertaken over the period covered by the fee. Consulting income is accounted for as

earned.

Taxation

The charge for taxation is based on the profit or loss for the period and takes into account taxation

deferred because of timing differences between the treatment of certain items for taxation and

accounting purposes.

Deferred tax is recognised, without discounting, in respect of all timing differences between the

treatment of certain items for taxation and accounting purposes which have arisen but not reversed by

the balance sheet date.

Pensions

The company makes pension contributions on behalf of employees into either a Group Personal

Pension Scheme or individual SIPP arrangements, which have been accounted for as defined

contribution schemes. The pension charge represents the amounts payable by the Company to the

funds in respect of the year.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2015 - 1 ) .

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

-

10,125

Amounts owed by group undertakings

1,002,072

2,158,758

Other debtors

66,399

50,197

Sale of business debtor

-

1,510,000

Tax

27,450

-

Prepayments

-

22,355

1,095,921

3,751,435

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

5,127

Social security and other taxes

830

830

Other creditors

6,123

6,874

Accrued expenses

3,200

21,077

10,153

33,908

5.

RESERVES

Retained

earnings

£

At 1 April 2015

3,142,787

Profit for the period

941,060

Dividends

(2,200,000

)

Purchase of own shares

(1,313,280

)

At 30 September 2016

570,567

6.	CONTINGENT LIABILITIES

The Company has received a handful of complaints since 2015 from SIPP clients who utilised their

SIPPs to invest in Carbon Credit investments. It is the position of the Company that it has no liability to

these clients, for whom it acted on a non-advisory basis, as confirmed in writing by the relevant clients.

No payments have been made in relation to any complaints. Only one claim has progressed beyond

the Pre-Action stage and judgement has been entered against the intermediary IFA.

7.	RELATED PARTY DISCLOSURES

During the year, a director of the company was paid £nil (2015: £22,500) in relation to the personal

guarantee in respect of the bank overdraft.