REGISTERED NUMBER: 00142036 (England and Wales)

Financial Statements for the Period 1 May 2016 to 31 October 2017

for

Ambrose & Co. (Mayfair), Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Fiori

R Fiori

A Fiori

SECRETARY:

M Fiori

REGISTERED OFFICE:

123 Mount Street

London

W1K 3NP

REGISTERED NUMBER:

00142036 (England and Wales)

ACCOUNTANTS:

K Khiroya, AFA

LMK Accounting Ltd

67 Southfield Avenue

Watford

Hertfordshire

WD24 7DX

FIXED ASSETS

Investments

4

153,252

153,252

CURRENT ASSETS

Debtors

5

58,619

15,765

CREDITORS

Amounts falling due within one year

6

164,725

81,651

NET CURRENT LIABILITIES

(106,106

)

(65,886

)

TOTAL ASSETS LESS CURRENT LIABILITIES

47,146

87,366

CAPITAL AND RESERVES

Called up share capital

9,834

13,112

Retained earnings

7

37,312

74,254

SHAREHOLDERS' FUNDS

47,146

87,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2017 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 29 June 2018 and were signed on its behalf by:

M Fiori - Director

1.	STATUTORY INFORMATION

Ambrose & Co. (Mayfair), 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.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the period ended 31 October 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 May 2015.

Preparation of consolidated financial statements

The financial statements contain information about Ambrose & Co. (Mayfair), Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company has taken the option

under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and

bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102

Section 11.

Basic financial instruments, which include trade and other receivables and payables, cash and bank

balances, are recognised at amortised cost.

Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are

initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2016

and 31 October 2017

153,252

NET BOOK VALUE

At 31 October 2017

153,252

At 30 April 2016

153,252

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

30.4.16

£

£

Amounts owed by group undertakings

42,854

-

Other debtors

15,765

15,765

58,619

15,765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

30.4.16

£

£

Amounts owed to group undertakings

1,500

78,232

Taxation and social security

800

2,115

Other creditors

162,425

1,304

164,725

81,651

7.

RESERVES

On the 16 November 2016 the company purchased its own 1,221 ordinary shares of £2 each and 418 preference

shares of £2 each at a premium of £1,650,000.