REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 28 February 2016 |
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for |
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THE SAFFRON PARTNERSHIP LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 28 February 2016 |
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for |
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THE SAFFRON PARTNERSHIP LIMITED |
THE SAFFRON PARTNERSHIP LIMITED (REGISTERED NUMBER: 02900802) |
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Contents of the Financial Statements |
for the Year Ended 28 February 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE SAFFRON PARTNERSHIP LIMITED |
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Company Information |
for the Year Ended 28 February 2016 |
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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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THE SAFFRON PARTNERSHIP LIMITED (REGISTERED NUMBER: 02900802) |
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Balance Sheet |
28 February 2016 |
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28/2/16 | 28/2/15 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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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 | 5 |
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Profit and loss account | 6 |
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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. |
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The financial statements were approved by the Board of Directors on
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THE SAFFRON PARTNERSHIP LIMITED (REGISTERED NUMBER: 02900802) |
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Notes to the Financial Statements |
for the Year Ended 28 February 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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Employee benefit trusts (ebts) |
The company has acquired trusts for the benefit of employees and certain of their dependants. Monies held in |
these trusts are held by independent trustees and managed at their discretion. |
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Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of |
the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an |
allocation of trust funds to employees in respect to past services is declared and the date that assets of the trust |
vest in identified individuals. |
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Where monies held in a trust are determined by the company on the basis of employees' past services to the |
business and the company can obtain no future economic benefit from those monies, such monies, whether in the |
trust or accrued for by the company are charged to the profit and loss account in the period which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 March 2015 |
and 28 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
and 28 February 2016 |
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NET BOOK VALUE |
At 28 February 2016 |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/16 | 28/2/15 |
£ | £ |
Other debtors | - | 468 |
THE SAFFRON PARTNERSHIP LIMITED (REGISTERED NUMBER: 02900802) |
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Notes to the Financial Statements - continued |
for the Year Ended 28 February 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/16 | 28/2/15 |
£ | £ |
Trade creditors |
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Taxation and social security | ( |
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Other creditors |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28/2/16 | 28/2/15 |
value: | £ | £ |
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Ordinary | £1 |
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6. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 March 2015 |
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Profit for the year |
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Dividends | ( |
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At 28 February 2016 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 28 February 2016 and |
28 February 2015: |
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28/2/16 | 28/2/15 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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Balance outstanding at start of year |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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