ENZA 2004 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
The company is a private company limited by shares which is incorporated under the Companies Act
2006 and registered in England and Wales (no.03641674). The address of the registered office is The
Enza Building, Leacroft Road, Birchwood, Warrington WA3 6NN.
These financial statements present information about the company as an individual undertaking; it is both
a parent company and a subsidiary company. The principal activity of the company is as a non-trading intermediate holding company.
2.
ACCOUNTING POLICIES
|
|
BASIS OF PREPARATION OF FINANCIAL STATEMENTS
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.
The presentation currency of these financial statements is pound sterling; the financial statements are rounded to the nearest pound.
The following principal accounting policies have been applied:
The company has taken advantage of the exemption allowed under FRS 102 1.12 to not prepare an
individual cashflow statement on the grounds that the publicly available consolidated accounts already include one.
The company has cash resources and has no requirement for external funding. The directors have a
reasonable expectation that the company has adequate resources to continue in operational
existence for the foreseeable future. They continue to believe the going concern basis of accounting
appropriate in preparing the annual financial statements.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each Statement of financial position date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 2
|