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pi_ltd

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									This example is a Personal Investment Firm which is a limited company.

Typical balance sheet ( management accounts to 31/12/05)                                                               RMAR - Section A Balance Sheet

Fixed assets                                           Where does it go?                                               Fixed assets

Goodwill                                 200,000   >   add this to Intangible assets and memo goodwill                 Intangible assets                                        200,000
Motor Vehicles                           100,000   >   add this to tangible assets                                     Tangible assets                                          160,000
Computer equipment                        60,000   >   add this to tangible assets                                     Investments                                               10,000
Investment in a subsidiary                10,000   >   add this to investments                                         TOTAL FIXED ASSETS                                       370,000
                                         370,000
                                                                                                                       Current assets
Current Assets                                                                                                         Stocks                                                     1,000
Stock of stationery                        1,000   >   add this to stocks                                              Debtors                                                   60,000
Comissions due                            30,000   >   add this to debtors                                             Investments held as current assets                        10,000
Fees due                                  30,000   >   add this to debtors                                             Cash at bank and in hand                                  40,000
Prepaid insurance                          1,000   >   add this to other assets                                        Other assets                                              13,000
Prepaid rent                               2,000   >   add this to other assets                                        TOTAL CURRENT ASSETS                                     124,000
Loans to directors directors              10,000   >   add this to other assets
Shares held for short term investment     10,000   >   add this to investments held as current assets                  Liabilities: Amounts falling due within one year
Cash at bank                              40,000   >   add this to cash at bank                                        Bank Loans and overdrafts                                 75,000
                                         124,000                                                                       Other liabilities                                         55,000
Creditors
Bank overdraft                            15,000   >   add to bank loans and overdrafts                                TOTAL AMOUNTS FALLING DUE WITHIN ONE YEAR                130,000
Commission clawbacks                       5,000   >   add to other liabilities
Directors loans                           50,000   >   add to other liabilities                                        Net current assets                                        (6,000)
Subordinated loans                       200,000   >   add to other liabilities falling due after more than one year
Bank loans repayable in next 12 months    60,000   >   add to bank loans and overdrafts                                Total assets less current liabilities                    364,000
Bank loans repayable in 2 years time.    120,000   >   add to other liabilities falling due after more than one year
                                         450,000                                                                       Other liabilities falling due after more than one year   320,000

Net Assets                                44,000                                                                       Provisions for liabilities and charges                       -

Share capital (ordinary shares)           11000 > add to ordinary share capital                                        Net assets                                                44,000
Profit and loss account                   11000 > add to profit and loss account
Interim profits earned in this period     22000 > add to profit and loss account                                       Memo: Guarantees provided by the firm                        -
                                          44000


                                                                                                                       Capital and reserves
                                                                                                                       Ordinary share capital                                    11,000
                                                                                                                       Preference share capital                                     -
                                                                                                                       Share premium account                                        -
                                                                                                                       Profit and loss account                                   33,000
                                                                                                                       Other reserves                                               -
                                                                                                                       TOTAL CAPITAL RESERVES                                    44,000
This example is a Personal Investment firm which is a limited company.

RMAR - Section A Balance Sheet                                                                                               RMAR - Section D2 Regulatory Capital & Financial Resources

Fixed assets                                                         What can be included?                                   OWN FUNDS (test 1)


                                                                                                                             Paid up share capital (excluding preference shares redeemable by    11,000
Intangible assets [Goodwill]                             200,000 > add to intangible assets deduction.                       shareholders within 2 years)
Tangible assets                                          160,000                                                             Share premium account
Investments                                               10,000                                                             Retained profits                                                    11,000
TOTAL FIXED ASSETS                                       370,000                                                             Interim profits                                                     22,000
                                                                                                                             Revaluation reserves
Current assets                                                                                                               Short term subordinated loans                                      200,000
Stocks                                                     1,000                                                             Debt capital
Debtors                                                   60,000                                                             Balances on proprietor's or partners capital accounts
Investments held as current assets                        10,000                                                             Balances on proprietor's or partners current accounts
Cash at bank and in hand                                  40,000                                                             Personal assets
Other assets                                              13,000                                                             Less intangible assets                                             200,000
TOTAL CURRENT ASSETS                                     124,000                                                             Less material current year losses
                                                                                                                             Less excess of current year drawings over current year losses
Liabilities: Amounts falling due within one year                                                                             PASS loan adjustment
Bank Loans and overdrafts                                 75,000                                                             OWN FUNDS                                                           44,000
Other liabilities                                         55,000

TOTAL AMOUNTS FALLING DUE WITHIN ONE YEAR                130,000

Net current assets                                        (6,000)

Total assets less current liabilities                    364,000

Other liabilities falling due after more than one year   320,000 > This includes a subordinated loan of £200,000. Add to short term subordinated loans

Provisions for liabilities and charges                       -

Net assets                                                44,000

Memo: Guarantees provided by the firm                        -
Memo: Personal net assets                                    -
Memo: Goodwill                                           200,000 > add to intangible assets deduction.

Capital and reserves
Ordinary share capital                                    11,000 > add to paid up share capital
Preference share capital                                     -
Share premium account                                        -
Profit and loss account                                   33,000 > £11,000 of this balance is audited per the last annual accounts. Add to audited retained profits
Other reserves                                               -
TOTAL CAPITAL RESERVES                                    44,000

								
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