Arnold Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00967268 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2018

FOR

ARNOLD SECURITIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Michael Anthony Ziff

Dr Marjorie Esther Ziff M.B.E.

Mr Edward Max Ziff

SECRETARY:

Mr Michael Anthony Ziff

REGISTERED OFFICE:

Town Centre House

The Merrion Centre

Leeds

West Yorkshire

LS2 8LY

REGISTERED NUMBER:

00967268 (England and Wales)

ACCOUNTANTS:

Somers McGill

6 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

CURRENT ASSETS

Stocks

50,145

47,544

Debtors

3

8

27

Cash at bank

851

882

51,004

48,453

CREDITORS

Amounts falling due within one year

4

600

600

NET CURRENT ASSETS

50,404

47,853

TOTAL ASSETS LESS CURRENT LIABILITIES

50,404

47,853

CREDITORS

Amounts falling due after more than one year

5

758,967

758,967

NET LIABILITIES

(708,563

)

(711,114

)

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

6

(708,963

)

(711,514

)

SHAREHOLDERS' FUNDS

(708,563

)

(711,114

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 4 December 2018 and were signed on its behalf by:

Mr Edward Max Ziff - Director

1.	STATUTORY INFORMATION

Arnold Securities Limited 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.

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.

Turnover

Turnover represents sales of shares and securities and interest receivable on shares and securities held.

Stocks

Stocks are valued at the lower of cost and net realisable 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.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Tax

-

27

Prepayments and accrued income

8

-

8

27

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.18

5.4.17

£

£

Accrued expenses

600

600

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.18

5.4.17

£

£

Directors' loan accounts

758,967

758,967

6.

RESERVES

Retained

earnings

£

At 6 April 2017

(711,514

)

Profit for the year

2,551

At 5 April 2018

(708,963

)

7.	ULTIMATE CONTROLLING PARTY

The company is under the control of E M Ziff and M A Ziff.