Capricorn Advisors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06446569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

CAPRICORN ADVISORS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr F J Rahmatallah

Mrs J M O'Riordan

SECRETARY:

Mr F J Rahmatallah

REGISTERED OFFICE:

Fifth Floor

11 Leadenhall Street

London,

London,

EC3V 1LP

REGISTERED NUMBER:

06446569 (England and Wales)

ACCOUNTANTS:

Acuity Professional Ltd

Fifth Floor

11 Leadenhall Street

London

EC3V 1LP

FIXED ASSETS

Tangible assets

3

2,471

124

Investments

4

201,600

154,316

204,071

154,440

CURRENT ASSETS

Debtors

5

7,227

5,408

Cash at bank

20,253

12,223

27,480

17,631

CREDITORS

Amounts falling due within one year

6

124,656

98,964

NET CURRENT LIABILITIES

(97,176

)

(81,333

)

TOTAL ASSETS LESS CURRENT LIABILITIES

106,895

73,107

CAPITAL AND RESERVES

Called up share capital

7

2

2

Special reserve

8

106,393

82,474

Retained earnings

8

500

(9,369

)

SHAREHOLDERS' FUNDS

106,895

73,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 22 October 2018 and were signed on its behalf by:

Mr F J Rahmatallah - Director

1.	STATUTORY INFORMATION

Capricorn Advisors Ltd 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.	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.

The preparation of financial statements in conformity with FRS 102 section 1A requires the use of certain critical

accounting estimates. lt also requires management to exercise judgement in applying the company's accounting

policies.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, the directors are required to make estimates and judgements about the carrying

amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on

historical experience and other factors that are considered by the directors to be relevant. Revision to accounting

estimates are recognised in the period in which the estimate is revised.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognized in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a

legally enforceable right to set off the recognized amounts and there is an intention to settle on a net basis or to

realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares

that are classified as debt, are initially recognized at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payment discounted at a market

rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognized initially

at transaction price and subsequently measured at amortised cost using the effective interest method.

FIXED ASSET INVESTMENT

Fixed asset investment is stated at cost less provision for any permanent diminution in value.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2017

230

-

230

Additions

-

2,958

2,958

At 31 March 2018

230

2,958

3,188

Depreciation

At 1 April 2017

106

-

106

Charge for year

31

580

611

At 31 March 2018

137

580

717

Net book value

At 31 March 2018

93

2,378

2,471

At 31 March 2017

124

-

124

4.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 April 2017

154,316

Additions

67,200

Disposals

(19,916

)

At 31 March 2018

201,600

Net book value

At 31 March 2018

201,600

At 31 March 2017

154,316

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

1,348

Other debtors

7,227

4,060

7,227

5,408

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

-

178

Trade creditors

3,882

2,723

Taxation and social security

19,222

24,628

Other creditors

101,552

71,435

124,656

98,964

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

Special

earnings

reserve

Totals

£

£

£

At 1 April 2017

(9,369

)

82,474

73,105

Profit for the year

33,788

33,788

Special reserve

(23,919

)

23,919

-

At 31 March 2018

500

106,393

106,893

9.	RELATED PARTY DISCLOSURES

Mr F J Rahmatallah, the director of Capricorn Advisors Ltd is also a designated member in Wickstowe Management

LLP and Capricorn Marketing LLP. During the year, Capricorn Marketing LLP has charged marketing fee of

£30,081 (2017: £30,279) to Capricorn Advisors Limited.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr F J Rahmatallah.