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Cavendish Holdings Limited |
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Unaudited Financial Statements |
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for the Year Ended |
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31 December 2017 |
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REGISTERED NUMBER:
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Cavendish Holdings Limited |
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Unaudited Financial Statements |
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for the Year Ended |
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31 December 2017 |
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Cavendish Holdings Limited (Registered number: 01018967) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Cavendish Holdings Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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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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5 Clarendon Place |
Leamington Spa |
Warwickshire |
CV32 5QL |
Cavendish Holdings Limited (Registered number: 01018967) |
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Abridged Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Cavendish Holdings Limited (Registered number: 01018967) |
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Abridged Balance Sheet - continued |
31 December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Cavendish Holdings Limited (Registered number: 01018967) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Cavendish Holdings Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Going concern |
The financial statements have been prepared on a going concern basis. This basis may not be appropriate |
because at the Balance sheet date the company had a deficiency of assets totalling £3,723,459. However, |
creditors include an amount of £4,029,748 being a non - interest bearing loan from the beneficiaries of the estate |
of a deceased director. The beneficiaries have undertaken not to seek repayment of the loan in the foreseeable |
future and the business activity is dependant, therefore, on this support. These financial statements have been |
prepared on the basis that this support will continue. Should the company be unable to continue trading, |
adjustments would have to be made to state the assets at their recoverable amount, to provide for any other |
liabilities which may arise, and to reclassify long term liabilities as current liabilities. |
Cavendish Holdings Limited (Registered number: 01018967) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2017 |
and 31 December 2017 |
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DEPRECIATION |
At 1 January 2017 |
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Charge for year |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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4. | RELATED PARTY DISCLOSURES |
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During the year there was no movement on the loan made to The Bird Group of Companies Ltd, of which Mr A |
P M Bird is a director. The balance at the year end is £274,475. The loan is non-interest bearing and there is no |
defined repayment period. |
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5. | ULTIMATE PARENT COMPANY |
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The company is a wholly owned subsidiary of Lukray Investments Limited a company incorporated in England |
and Wales. |