Balance sheet continued

As at 31 December 2016

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Investment management services represent amounts receivable from investment management clients.

  Tangible fixed assets depreciation policy

  Fixed assets are depreciated over their expected useful lives using the following rates per annum:
  
  Equipment - 25% on the reducing balance
  

  Other accounting policies

  Cash flow statement The Company has taken advantage of the provisions of Financial Reporting Standard No. 1 and has not prepared a cash flow statement.