REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 October 2015 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 October 2015 |
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for |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Contents of the Financial Statements |
for the year ended 31 October 2015 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Chartered Accountants' Report | 3 |
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Profit and Loss Account | 4 |
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Statement of Total Recognised Gains and Losses | 5 |
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Balance Sheet | 6 | to | 7 |
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Notes to the Financial Statements | 8 | to | 12 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
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Company Information |
for the year ended 31 October 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Report of the Directors |
for the year ended 31 October 2015 |
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The directors present their report with the financial statements of the company for the year ended 31 October 2015. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 November 2014 to the date of this |
report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Sapphire Investigations Bureau Limited |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Sapphire Investigations Bureau Limited for the year ended 31 October 2015 which comprise the |
Profit and Loss Account, the Balance Sheet, the Statement of Total Recognised Gains and Losses and the related notes |
from the company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
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This report is made solely to the Board of Directors of Sapphire Investigations Bureau Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sapphire Investigations Bureau Limited and state those matters that we have agreed to state to the Board of Directors of Sapphire Investigations Bureau Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Sapphire Investigations Bureau Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sapphire Investigations Bureau Limited. You consider that Sapphire Investigations Bureau Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Sapphire Investigations Bureau Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
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6 May 2016 |
SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Profit and Loss Account |
for the year ended 31 October 2015 |
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31/10/15 | 31/10/14 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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8,489 | 22,343 |
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Other operating income |
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OPERATING PROFIT | 2 |
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Interest receivable and similar income |
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PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION |
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Tax on profit on ordinary activities | 3 |
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PROFIT FOR THE FINANCIAL YEAR |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Statement of Total Recognised Gains and Losses |
for the year ended 31 October 2015 |
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31/10/15 | 31/10/14 |
£ | £ |
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PROFIT FOR THE FINANCIAL YEAR |
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Unrealised surplus on revaluation of properties |
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TOTAL RECOGNISED GAINS AND LOSSES RELATING TO THE
YEAR |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Balance Sheet |
31 October 2015 |
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31/10/15 | 31/10/14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Revaluation reserve | 10 |
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Profit and loss account | 10 |
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SHAREHOLDERS' FUNDS |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Balance Sheet - continued |
31 October 2015 |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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The financial statements were approved by the Board of Directors on
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements |
for the year ended 31 October 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Office equipment | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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Investment properties are included in the balance sheet at their open market value and are not depreciated. |
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
(effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible |
assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the |
financial statements to give a true and fair view. |
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Pension costs and other post-retirement benefits |
The company contributes to the personal pension schemes of certain directors. Contributions payable are |
charged to the profit and loss account in the period to which they relate. |
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2. | OPERATING PROFIT |
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The operating profit is stated after charging: |
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31/10/15 | 31/10/14 |
£ | £ |
Depreciation - owned assets |
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Loss on disposal of fixed assets |
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Pension costs |
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Directors' remuneration |
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Directors' pension contributions to money purchase schemes |
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The number of directors to whom retirement benefits were accruing was as follows: |
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Money purchase schemes | 2 | 2 |
SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2015 |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the profit on ordinary activities for the year was as follows: |
31/10/15 | 31/10/14 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on profit on ordinary activities |
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4. | DIVIDENDS |
31/10/15 | 31/10/14 |
£ | £ |
Ordinary shares of £1 each |
Dividends paid |
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5. | TANGIBLE FIXED ASSETS |
Office | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 November 2014 |
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Additions |
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Disposals |
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At 31 October 2015 |
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DEPRECIATION |
At 1 November 2014 |
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Charge for year |
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Eliminated on disposal |
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At 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2015 |
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6. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 November 2014 |
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Revaluations |
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At 31 October 2015 |
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NET BOOK VALUE |
At 31 October 2015 |
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At 31 October 2014 |
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Cost or valuation at 31 October 2015 is represented by: |
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Valuation in 2005 | 71,250 |
Valuation in 2006 | 45,000 |
Valuation in 2007 | 15,000 |
Valuation in 2016 | 8,000 |
Cost | 18,750 |
158,000 |
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If
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31/10/15 | 31/10/14 |
£ | £ |
Cost |
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18,750 |
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If the investment property were to be sold at the revalued figure of £158,000 the estimated tax payable on |
disposal would be £27,850 (31/10/14 - £24,000). |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/15 | 31/10/14 |
£ | £ |
Trade debtors | 37,774 | 26,431 |
Other debtors | 6,278 | 5,024 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2015 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/15 | 31/10/14 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/10/15 | 31/10/14 |
value: | £ | £ |
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Ordinary | £1 |
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10. | RESERVES |
Profit |
and loss | Revaluation |
account | reserve | Totals |
£ | £ | £ |
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At 1 November 2014 |
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Profit for the year |
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Investment property revaluation | - | 8,000 | 8,000 |
At 31 October 2015 |
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11. | RELATED PARTY DISCLOSURES |
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Director |
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During the year the company benefited from a loan which was unsecured, interest free and had no fixed |
repayment terms. |
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31/10/15 | 31/10/14 |
£ | £ |
Amount due to related party at the balance sheet date |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2015 |
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11. | RELATED PARTY DISCLOSURES - continued |
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Director |
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During the year the company benefited from a loan which was unsecured, interest-free and had no fixed |
repayment terms. |
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31/10/15 | 31/10/14 |
£ | £ |
Amount due to related party at the balance sheet date |
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