|
|
|
|
Financial Statements
|
Contents
|
Page
|
Directors' report
|
1
|
Independent auditor's report to the members
|
3
|
Income statement
|
6
|
Statement of financial position
|
7
|
Statement of changes in equity
|
8
|
Statement of cash flows
|
9
|
Notes to the financial statements
|
10
|
|
Directors' Report
|
|
|
|
|
|
|
|
Director
|
Registered office:
|
|
|
|
|
England
|
|
|
Independent Auditor's Report to the Members of
|
|
(Senior Statutory Auditor)
|
For and on behalf of
|
|
Chartered accountants & statutory auditor
|
Riverside Offices, Second Floor
|
26 St Georges Quay
|
Lancaster
|
LA1 1RD
|
|
Income Statement
|
2020
|
2019
|
||
Note
|
£
|
£
|
|
Turnover
|
4
|
|
|
Cost of sales
|
|
|
---------
|
---------
|
|
Gross profit
|
|
|
Administrative expenses
|
|
|
|
---------
|
---------
|
||
Operating profit
|
5
|
|
|
Other interest receivable and similar income
|
7
|
|
|
---------
|
---------
|
||
Profit before taxation
|
|
|
|
Tax on profit
|
8
|
|
|
--------
|
--------
|
||
Profit for the financial year
|
|
|
|
--------
|
--------
|
||
|
Statement of Financial Position
|
2020
|
2019
|
|
Note
|
£
|
£
|
Tangible assets
|
10
|
|
|
Investments
|
11
|
|
|
----
|
----
|
||
|
|
||
Debtors
|
12
|
|
|
Cash at bank and in hand
|
|
|
|
---------
|
---------
|
||
|
|
||
Creditors: amounts falling due within one year
|
13
|
|
|
---------
|
---------
|
||
Net current assets
|
|
|
|
---------
|
---------
|
||
Total assets less current liabilities
|
|
|
|
Provisions
|
14
|
|
|
---------
|
---------
|
||
Net assets
|
|
|
|
---------
|
---------
|
||
Called up share capital
|
15
|
|
|
Profit and loss account
|
|
|
|
---------
|
---------
|
||
Shareholders funds
|
|
|
|
---------
|
---------
|
||
|
Director
|
|
Statement of Changes in Equity
|
Called up share capital
|
Profit and loss account
|
Total
|
||
£
|
£
|
£
|
||
At 1 November 2018
|
|
|
|
|
Profit for the year
|
|
|
||
--------
|
---------
|
---------
|
||
Total comprehensive income for the year
|
–
|
|
|
|
Dividends paid and payable
|
9
|
–
|
(
|
(
|
--------
|
---------
|
---------
|
||
Total investments by and distributions to owners
|
–
|
(
|
(
|
|
At 31 October 2019
|
|
|
|
|
Profit for the year
|
|
|
||
--------
|
---------
|
---------
|
||
Total comprehensive income for the year
|
–
|
|
|
|
Dividends paid and payable
|
9
|
–
|
(
|
(
|
----
|
--------
|
--------
|
||
Total investments by and distributions to owners
|
–
|
(
|
(
|
|
--------
|
---------
|
---------
|
||
At 31 October 2020
|
|
|
|
|
--------
|
---------
|
---------
|
||
|
Statement of Cash Flows
|
2020
|
2019
|
|
£
|
£
|
|
Profit for the financial year
|
|
|
Adjustments for:
|
||
Depreciation of tangible assets
|
|
|
Other interest receivable and similar income
|
(
|
(
|
Tax on profit
|
|
|
Accrued (income)/expenses
|
(
|
|
Changes in:
|
||
Trade and other debtors
|
|
|
Trade and other creditors
|
(
|
(
|
Provisions and employee benefits
|
(
|
(
|
--------
|
--------
|
|
Cash generated from operations
|
|
|
Interest received
|
|
|
Tax paid
|
(
|
(
|
--------
|
--------
|
|
Net cash from operating activities
|
|
|
--------
|
--------
|
|
Proceeds from sale of other investments
|
–
|
|
--------
|
--------
|
|
Net cash from investing activities
|
–
|
|
--------
|
--------
|
|
Proceeds from loans from group undertakings
|
–
|
(
|
Dividends paid
|
(
|
(
|
--------
|
--------
|
|
Net cash used in financing activities
|
(
|
(
|
--------
|
--------
|
|
Net decrease in cash and cash equivalents
|
(
|
(
|
Cash and cash equivalents at beginning of year
|
289,231
|
316,102
|
---------
|
---------
|
|
Cash and cash equivalents at end of year
|
|
|
---------
|
---------
|
|
|
Notes to the Financial Statements
|
Fixtures and fittings
|
-
|
|
|
2020
|
2019
|
|
£
|
£
|
|
Rendering of services
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Depreciation of tangible assets
|
|
|
----
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
Fees payable for the audit of the financial statements
|
|
–
|
-------
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
Bank interest receivable
|
|
|
----
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
UK current tax expense
|
|
|
--------
|
-------
|
|
Tax on profit
|
|
|
--------
|
-------
|
|
2020
|
2019
|
|
£
|
£
|
|
Profit on ordinary activities before taxation
|
|
|
--------
|
--------
|
|
Profit on ordinary activities by rate of tax
|
|
|
Effect of expenses not deductible for tax purposes
|
|
(
|
Effect of capital allowances and depreciation
|
(
|
(
|
--------
|
--------
|
|
Tax on profit
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
£
|
£
|
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
|
|
|
--------
|
--------
|
|
Fixtures and fittings
|
|
£
|
|
Cost
|
|
At 1 November 2019 and 31 October 2020
|
|
-------
|
|
Depreciation
|
|
At 1 November 2019
|
|
Charge for the year
|
|
-------
|
|
At 31 October 2020
|
|
-------
|
|
Carrying amount
|
|
At 31 October 2020
|
|
-------
|
|
At 31 October 2019
|
|
-------
|
|
Other investments other than loans
|
|
£
|
|
Cost
|
|
At 1 November 2019 and 31 October 2020
|
|
----
|
|
Impairment
|
|
At 1 November 2019 and 31 October 2020
|
–
|
----
|
|
Carrying amount
|
|
At 31 October 2020
|
|
----
|
|
At 31 October 2019
|
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
Trade debtors
|
|
|
Prepayments and accrued income
|
–
|
|
Other debtors
|
|
|
--------
|
--------
|
|
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
£
|
£
|
|
Accruals and deferred income
|
|
|
Corporation tax
|
|
|
Social security and other taxes
|
|
|
Other creditors
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
Other provisions
|
|
£
|
|
At 1 November 2019
|
|
Charge against provision
|
(
|
-------
|
|
At 31 October 2020
|
|
-------
|
|
2020
|
2019
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
22,000
|
|
22,000
|
|
|
22
|
|
22
|
|
|
100
|
|
100
|
|
|
100
|
|
100
|
--------
|
--------
|
--------
|
--------
|
|
|
|
|
|
|
--------
|
--------
|
--------
|
--------
|
|
At 1 Nov 2019
|
Cash flows
|
At 31 Oct 2020
|
|
£
|
£
|
£
|
|
Cash at bank and in hand
|
|
(31,355)
|
|
---------
|
--------
|
---------
|
|
|
Notes to the Financial Statements (continued)
|