Second Poore Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00787649 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Second Poore Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Lord Borwick

Lady Borwick

Hon. T Borwick

Miss A Borwick

SECRETARY:

Mrs J Colling

REGISTERED OFFICE:

Hatchcroft House

The Green

White Notley

Witham

Essex

CM8 1RG

REGISTERED NUMBER:

00787649 (England and Wales)

ACCOUNTANTS:

Janice Cope

Chartered Certified Accountants

104 Henniker Gate

Chelmsford

Essex

CM2 6SB

BANKERS:

C Hoare & Co

37 Fleet Street

London

EC4P 4DQ

FIXED ASSETS

Investments

3

200,000

200,000

CURRENT ASSETS

Cash at bank

63,541

69,825

CREDITORS

Amounts falling due within one year

4

29,510

35,203

NET CURRENT ASSETS

34,031

34,622

TOTAL ASSETS LESS CURRENT LIABILITIES

234,031

234,622

RESERVES

Income and expenditure account

234,031

234,622

234,031

234,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 August 2017 and were signed on its behalf by:

Lord Borwick - Director

1.	STATUTORY INFORMATION

Second Poore Limited is a private company, limited by guarantee , 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 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.

Preparation of consolidated financial statements

The financial statements contain information about Second Poore Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries and associates

Fixed Asset Investments are stated at cost less provision for permanent diminution in value.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2016

and 31 December 2016

200,000

NET BOOK VALUE

At 31 December 2016

200,000

At 31 December 2015

200,000

The company owns 100% of the issued share capital of Federated Trust Corporation Limited, a company

registered in England and Wales and whose principal activity is the provision of management and advisory

services and making loans. In the opinion of the members, the aggregate value of the company's investment in the

subsidiary undertaking is not less than the value of the investment as shown in the balance sheet.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/16

31/12/15

£

£

Other creditors

29,510

35,203

5.	COMPANY LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.

The number of members that the company has is four and each member has undertaken to contribute to the assets

of the company a sum not exceeding £1 in the event of the company being wound up.