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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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GRAZDEN LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2017 |
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FOR |
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GRAZDEN LIMITED |
GRAZDEN LIMITED (REGISTERED NUMBER: 03892091) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2017 |
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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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GRAZDEN LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 DECEMBER 2017 |
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DIRECTOR: |
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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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First Floor, Templeback |
10 Temple back |
Bristol |
BS1 6FL |
GRAZDEN LIMITED (REGISTERED NUMBER: 03892091) |
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BALANCE SHEET |
31 DECEMBER 2017 |
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31/12/17 | 31/12/16 |
Notes | € | € |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Capital Contribution reserve | 5 |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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 Income Statement has not been delivered. |
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The financial statements were approved by the director on
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GRAZDEN LIMITED (REGISTERED NUMBER: 03892091) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Grazden Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Euro (€). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are stated at purchase cost of acquisition (including any incidental cost of |
acquisition) together with the amount of any loans advanced to those undertakings. |
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Where, in the opinion of the directors, there has been a diminution in the value of the investments appropriate |
provisions are made and charged to the profit and loss account. |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is |
a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to |
realise the asset and settle the liability simultaneously. |
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Classification of financial liabilities |
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Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. |
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Basic financial liabilities |
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Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at |
transaction price. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of |
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or |
less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction |
price. |
GRAZDEN LIMITED (REGISTERED NUMBER: 03892091) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 DECEMBER 2017 |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
€ |
COST |
At 1 January 2017 |
and 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Included within fixed asset investments is the following investment: |
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Company: Thalie S.A. |
Registered: Luxembourg |
Holding: 100% |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
€ | € |
Amounts owed by participating interests | 25,000,000 | 25,000,000 |
Other debtors |
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The loan to Thalie SA is unsecured, interest free and repayable on demand. |
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5. | RESERVES |
Capital |
Contribution |
reserve |
€ |
At 1 January 2017 |
and 31 December 2017 |
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