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Unaudited Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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NORTH CYPRUS TOURISM CENTRE LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2018 |
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for |
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NORTH CYPRUS TOURISM CENTRE LIMITED |
NORTH CYPRUS TOURISM CENTRE LIMITED (REGISTERED NUMBER: 03398775) |
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Contents of the Financial Statements |
for the year ended 31 December 2018 |
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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 | 3 |
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NORTH CYPRUS TOURISM CENTRE LIMITED |
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Company Information |
for the year ended 31 December 2018 |
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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 |
Northside House |
69 Tweedy Road |
Bromley |
Kent |
BR1 3WA |
NORTH CYPRUS TOURISM CENTRE LIMITED (REGISTERED NUMBER: 03398775) |
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Balance Sheet |
31 December 2018 |
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31.12.18 | 31.12.17 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 3 |
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Current assets |
Debtors | 4 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 5 |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Shareholders' funds |
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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 |
(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 Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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NORTH CYPRUS TOURISM CENTRE LIMITED (REGISTERED NUMBER: 03398775) |
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Notes to the Financial Statements |
for the year ended 31 December 2018 |
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1. | Statutory information |
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North Cyprus Tourism Centre Limited is a
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Wales. The 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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Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires |
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
revenues and expenses during the reporting period. |
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There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried |
out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate |
as possible, there remains a risk that the policy does not match the useful life of the assets. |
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There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried |
out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as |
possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed |
off. |
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There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as |
accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately |
prove to be uncollectable. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
NORTH CYPRUS TOURISM CENTRE LIMITED (REGISTERED NUMBER: 03398775) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
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3. | Tangible fixed assets |
Fixtures |
and |
fittings |
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Cost |
At 1 January 2018 |
and 31 December 2018 |
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Depreciation |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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Net book value |
At 31 December 2018 |
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At 31 December 2017 |
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4. | Debtors: amounts falling due within one year |
31.12.18 | 31.12.17 |
£ | £ |
VAT |
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Prepayments |
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5. | Creditors: amounts falling due within one year |
31.12.18 | 31.12.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | Ultimate controlling party |
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The company is controlled by the equal shareholders K Doruhan and I Esenyel. |