REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st August 2019 |
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for |
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BOW STRADA TRADING LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31st August 2019 |
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for |
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BOW STRADA TRADING LIMITED |
BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Contents of the Financial Statements |
for the Year Ended 31st August 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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BOW STRADA TRADING LIMITED |
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Company Information |
for the Year Ended 31st August 2019 |
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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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3 Redman Court |
Bell Street |
Princes Risborough |
Buckinghamshire |
HP27 0AA |
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Bankers: |
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37 Fleet Street |
London |
EC4P 4DQ |
BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Balance Sheet |
31st August 2019 |
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2018 | 2019 |
£ | £ | Notes | £ | £ |
FIXED ASSETS |
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Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
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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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PROVISIONS FOR LIABILITIES | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
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Called up share capital | 10 |
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Capital redemption reserve | 11 |
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Fair value reserve | 11 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Balance Sheet - continued |
31st August 2019 |
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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. |
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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 and authorised for issue on
signed on its behalf by: |
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BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Notes to the Financial Statements |
for the Year Ended 31st August 2019 |
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1. | STATUTORY INFORMATION |
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Bow Strada Trading 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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Fixtures and fittings | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Depreciation is not charged on the investment property. |
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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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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 year end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Investments |
Investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair |
value is recognised in profit or loss. |
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Fair value reserve |
Undistributable profits arising on the revaluation of property and investments are shown in the profit and loss |
account and then transferred to the revaluation reserve. |
BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st August 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
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fittings |
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Cost |
At 1st September 2018 |
and 31st August 2019 |
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Depreciation |
At 1st September 2018 |
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Charge for year |
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At 31st August 2019 |
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Net book value |
At 31st August 2019 |
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At 31st August 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
Cost or valuation |
At 1st September 2018 |
and 31st August 2019 |
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Net book value |
At 31st August 2019 |
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At 31st August 2018 |
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Cost or valuation at 31st August 2019 is represented by: |
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Other |
investments |
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Valuation in 2017 | 60,849 |
Cost | 12,151 |
73,000 |
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If the investment had not been revalued it would have been included at the following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 12,151 | 12,151 |
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The investment was valued on an open market basis on 31st August 2017 by the directors . |
BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st August 2019 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1st September 2018 |
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Disposals | ( |
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Revaluations | 106,923 |
At 31st August 2019 |
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Net book value |
At 31st August 2019 |
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At 31st August 2018 |
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Fair value at 31st August 2019 is represented by: |
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Valuation in 2019 | 140,792 |
Cost | 9,208 |
150,000 |
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If the investment property had not been revalued it would have been included at the following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 9,208 | 17,100 |
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The investment property was valued on an open market basis on 31st August 2019 by the directors . |
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The fair value of the property is considered to be accurate at the balance sheet date. |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Sundry debtors and |
prepayments |
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Directors' current accounts | - | 5,513 |
VAT |
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Prepayments and accrued income |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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Directors' current accounts | 5,105 | 2,667 |
Sundry creditors and accruals |
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BOW STRADA TRADING LIMITED (REGISTERED NUMBER: 02051559) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st August 2019 |
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9. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax | 36,552 | 16,896 |
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Deferred |
tax |
£ |
Balance at 1st September 2018 |
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Provision re revaluations | 19,656 |
Balance at 31st August 2019 |
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Provision has been made for the capital gains tax liability which would arise if the investments or property were |
sold at the revalued figures. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | 1 | 55 | 55 |
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11. | RESERVES |
Capital | Fair |
Retained | redemption | value |
Totals | earnings | reserve | reserve |
£ | £ | £ | £ |
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At 1st September 2018 | 292,632 |
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Profit for the year |
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- | - |
Transfer Property Valuation | - | (57,577 | ) | - | 57,577 |
At 31st August 2019 | 358,236 |
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12. | ULTIMATE CONTROLLING PARTY |
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The controlling party is M J Tuckey. |