ACCOUNTS - Final Accounts

ARKESDEN PARTNERS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31No description of principal activitytruefalsefalse2017-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06744023 2017-04-01 2018-03-31 06744023 2018-03-31 06744023 2017-03-31 06744023 c:CompanySecretary1 2017-04-01 2018-03-31 06744023 c:Director1 2017-04-01 2018-03-31 06744023 c:RegisteredOffice 2017-04-01 2018-03-31 06744023 c:Agent1 2017-04-01 2018-03-31 06744023 d:OfficeEquipment 2017-04-01 2018-03-31 06744023 d:OfficeEquipment 2018-03-31 06744023 d:OfficeEquipment 2017-03-31 06744023 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-04-01 2018-03-31 06744023 d:CurrentFinancialInstruments 2018-03-31 06744023 d:CurrentFinancialInstruments 2017-03-31 06744023 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 06744023 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 06744023 d:ShareCapital 2018-03-31 06744023 d:ShareCapital 2017-03-31 06744023 d:CapitalRedemptionReserve 2018-03-31 06744023 d:CapitalRedemptionReserve 2017-03-31 06744023 d:RetainedEarningsAccumulatedLosses 2018-03-31 06744023 d:RetainedEarningsAccumulatedLosses 2017-03-31 06744023 c:FRS102 2017-04-01 2018-03-31 06744023 c:AuditExempt-NoAccountantsReport 2017-04-01 2018-03-31 06744023 c:FullAccounts 2017-04-01 2018-03-31 06744023 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 iso4217:GBP xbrli:pure

Company registration number: 06744023

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2018

	ARKESDEN PARTNERS LIMITED


ARKESDEN PARTNERS LIMITED

COMPANY INFORMATION

Director	A. Cairns


Company secretary	K. Cairns


Registered number	06744023


Registered office	Salisbury House
	London Wall
	London
	EC2M 5QQ


Accountants	Menzies LLP
	Chartered Accountants
	Centrum House
	36 Station Road
	Egham
	Surrey
	TW20 9LF


Bankers	Handlesbanken
	Trinity Tower
	9 Thomas More Street
	London
	E1W 1GE


ARKESDEN PARTNERS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


ARKESDEN PARTNERS LIMITED REGISTERED NUMBER:06744023

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2018

		2018		2017
Note		£		£

Fixed assets
Tangible assets	4		4,307		5,696
			4,307		5,696
Current assets
Debtors: amounts falling due within one year	5	654,053		686,137
Cash at bank and in hand		301,304		244,277
		955,357		930,414
Creditors: amounts falling due within one year	6	(404,910)		(414,865)
Net current assets			550,447		515,549
Total assets less current liabilities			554,754		521,245

Net assets			554,754		521,245

Capital and reserves
Called up share capital	1,900	1,900
Capital redemption reserve	32	32
Profit and loss account	552,822	519,313
	554,754	521,245

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A. Cairns

Director

Date: 9 July 2018

The notes on pages 2 to 5 form part of these financial statements.

Page 1


ARKESDEN PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

1.	General information

Arkesden Partners Limited is a private company, limited by shares, registered in England and Wales, company
registration number 06744023. The principal place of business and the registered office is Salisbury house, London Wall, London, EC2M 5QQ.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is from executive search services provided to both domestic and international markets and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equipment

33%

Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

Page 2


ARKESDEN PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

2.Accounting policies (continued)

2.4

Foreign currency translation

Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.5

Operating leases: the company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

2.7

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

3.	Employees
	The average monthly number of employees, including directors, during the year was 18 (2017: 18).

Page 3


ARKESDEN PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

4.	Tangible fixed assets

		Plant and machinery etc.
		£
	Cost or valuation
	At 1 April 2017	24,028
	Additions	1,736
	At 31 March 2018	25,764
	Depreciation
	At 1 April 2017	18,332
	Charge for the year on owned assets	3,125
	At 31 March 2018	21,457
	Net book value
	At 31 March 2018	4,307
	At 31 March 2017	5,696

Debtors

					2018	2017
					£	£


Trade debtors	254,684	410,115
Other debtors	331,849	229,175
Prepayments and accrued income	67,520	46,847
	654,053	686,137

Page 4


ARKESDEN PARTNERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

6.	Creditors: Amounts falling due within one year
		2018	2017
		£	£

Trade creditors	1,806	63,519
Corporation tax	129,804	111,185
Other taxation and social security	128,048	156,664
Other creditors	998	1,154
Accruals and deferred income	144,254	82,343
	404,910	414,865

7.	Related party transactions

At the balance sheet date A Cairns owed the company £328,850 (2017: £225,849) in respect of his current account.

Page 5