CORDINGS GROUP LIMITED
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Notes to the Accounts |
for the year ended 30 April 2018
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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2 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 May 2017 |
142,797 |
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Revaluation |
(10,197) |
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At 30 April 2018 |
132,600 |
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3 |
Debtors |
2018 |
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2017 |
£ |
£ |
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Trade debtors |
- |
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68,000 |
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4 |
Creditors: amounts falling due within one year |
2018 |
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2017 |
£ |
£ |
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Trade creditors |
- |
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6,750 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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132,493 |
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202,890 |
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Other creditors |
- |
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1,050 |
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132,493 |
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210,690 |
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5 |
Controlling party |
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The ultimate parent company is Cordings Holdings Limited, a company registered in England and Wales. Cordings Holdings Limited does not prepare group financial statements as the group qualifies as a small group and claims exemption from having to prepare group accounts.
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6 |
Other information |
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CORDINGS GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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19 Piccadilly |
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London |
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W1J 0LA |