Independent Asset Services Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07476624 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 January 2013 to 31 March 2014

for

INDEPENDENT ASSET SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D A T Toller

M G Lindley

REGISTERED OFFICE:

Hyland Mews

21 High Street

Clifton

Bristol

BS8 2YF

REGISTERED NUMBER:

07476624 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Hyland Mews

21 High Street

Clifton

Bristol

BS8 2YF

CURRENT ASSETS

Debtors

3,404

30,074

Cash at bank

15,542

356

18,946

30,430

CREDITORS

Amounts falling due within one year

21,393

31,535

NET CURRENT LIABILITIES

(2,447

)

(1,105

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,447

)

(1,105

)

CAPITAL AND RESERVES

Called up share capital

2

2

2

Profit and loss account

(2,449

)

(1,107

)

SHAREHOLDERS' FUNDS

(2,447

)

(1,105

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2014 and were signed on its behalf by:

D A T Toller - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts have been compiled on the going concern basis, as the company has the continued support of the

directors, who have undertaken to ensure that liabilities are met when they fall due. In addition the company

has the continued support of the bank.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

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

balance sheet date where transactions or events have occurred at that date that will result in an obligation to

pay more, or a right to pay less or to receive more tax.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences

can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2012

value:

£

£

2

Ordinary

1

2

2

3.	ULTIMATE PARENT COMPANY

Property Earth Limited is regarded by the directors as being the company's ultimate parent company.

4.	RELATED PARTY DISCLOSURES

Property Earth Ltd

Parent company, controlled by the director, Mr D Toller.

During the period the company incurred fees payable to Property Earth Ltd., amounting to £119,156 (year to

31.12.2012: £49,932).

2014

2012

£

£

Amount due to related party at the balance sheet date

12,606

29

5.	ULTIMATE CONTROLLING PARTY

The controlling party is D A T Toller.

The ultimate controlling party is D A T Toller.