The Leadership Agency Limited Company Accounts

The Leadership Agency Limited Company Accounts

THE LEADERSHIP AGENCY LIMITED - Company Information

Print Friendly Version

false false false false false false false false false true false false false false false false false No description of principal activity 2016-12-21 Sage Accounts Production Advanced 2017 Update 4 - FRS xbrli:pure xbrli:shares iso4217:GBP 06331262 2016-12-21 2018-03-31 06331262 2018-03-31 06331262 2016-12-20 06331262 bus:Director1 2016-12-21 2018-03-31 06331262 core:WithinOneYear 2016-12-20 06331262 core:ShareCapital 2018-03-31 06331262 core:ShareCapital 2016-12-20 06331262 core:RetainedEarningsAccumulatedLosses 2018-03-31 06331262 core:RetainedEarningsAccumulatedLosses 2016-12-20 06331262 bus:FRS102 2016-12-21 2018-03-31 06331262 bus:AuditExempt-NoAccountantsReport 2016-12-21 2018-03-31 06331262 bus:FullAccounts 2016-12-21 2018-03-31 06331262 bus:SmallCompaniesRegimeForAccounts 2016-12-21 2018-03-31 06331262 bus:PrivateLimitedCompanyLtd 2016-12-21 2018-03-31
COMPANY REGISTRATION NUMBER: 06331262
The Leadership Agency Limited
Filleted Unaudited Financial Statements
31 March 2018
The Leadership Agency Limited
Financial Statements
Period from 21 December 2016 to 31 March 2018
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
The Leadership Agency Limited
Statement of Financial Position
31 March 2018
31 Mar 18
20 Dec 16
Note
£
£
£
Current assets
Debtors
4
7,326
8,254
Cash at bank and in hand
695
917
-------
-------
8,021
9,171
Creditors: amounts falling due within one year
5
–
620
-------
-------
Net current assets
8,021
8,551
-------
-------
Total assets less current liabilities
8,021
8,551
-------
-------
Net assets
8,021
8,551
-------
-------
Capital and reserves
Called up share capital
148
148
Profit and loss account
7,873
8,403
-------
-------
Shareholders funds
8,021
8,551
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 21 December 2018 , and are signed on behalf of the board by:
S H W Watson
Director
Company registration number: 06331262
The Leadership Agency Limited
Notes to the Financial Statements
Period from 21 December 2016 to 31 March 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 114 St. Martin's Lane, London, WC2N 4BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
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 entity after deducting all of its financial liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Debtors
31 Mar 18
20 Dec 16
£
£
Trade debtors
1,052
1,052
Amounts owed by group undertakings and undertakings in which the company has a participating interest
6,274
7,202
-------
-------
7,326
8,254
-------
-------
5. Creditors: amounts falling due within one year
31 Mar 18
20 Dec 16
£
£
Other creditors
–
620
----
----
6. Related party transactions
During the year the company received a repayment of inter company loan of £1,620 (2016 - £8,064) from its fellow subsidiary, Corporate Television Networks Limited. At the date of the balance sheet an amount of £6,226 (2016 - £7,154) remained receivable.
7. Controlling party
The company's immediate parent company is Anglovision International Limited and the ultimate holding company is St. Martin's Communications Group Limited, a company registered in England and Wales. Mr S H W Watson is the ultimate controlling party.