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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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MACLAREN EUROPE LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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for |
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MACLAREN EUROPE LIMITED |
MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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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 | 4 |
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MACLAREN EUROPE LIMITED |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
8B Accommodation Road |
London |
NW11 8ED |
MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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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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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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( |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The director acknowledges his 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. |
MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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Balance Sheet - continued |
31 December 2017 |
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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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MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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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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MACLAREN EUROPE 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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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted |
or substantively enacted by the balance sheet date. |
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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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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured using |
tax rates and laws that have been enacted or substantively enacted by the year end and that are expected |
to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | FIXED ASSET INVESTMENTS |
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31/12/17 | 31/12/16 |
£ | £ |
Shares in group undertakings |
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Loans to group undertakings |
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MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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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 - continued |
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Additional information is as follows: |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2017 |
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Disposals | ( |
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At 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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Loans to |
group |
undertakings |
£ |
At 1 January 2017 |
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Repayment in year | ( |
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At 31 December 2017 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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MACLAREN EUROPE LIMITED (Registered number: 04144247) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31/12/17 | 31/12/16 |
£ | £ |
Other creditors |
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7. | ULTIMATE PARENT COMPANY |
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Maclaren Global Limited (incorporated in The Cayman Islands) is regarded by the director as being the |
company's ultimate parent company. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Sima Rastegar. |
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9. | GOING CONCERN |
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The financial statements have been prepared on a going concern basis, which assumes that the company |
will continue to trade for the foreseeable future. |
The director has considered the working capital needs of the business for the twelve month period from |
approval of these financial statements and has concluded that with the on-going support of its |
shareholders, the company will be able to meet its liabilities as they fall due. The director has factored |
this key assumption into his review of funding needs and forecasts for the forthcoming period. On this |
basis, the director considers that the company will continue in operational existence for the foreseeable |
future and accordingly the director considers it appropriate to prepare financial statements on the going |
concern basis. The financial statements do not include any adjustments that might arise if the going |
concern basis is not appropriate. |