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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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CONISTON WATER LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2019 |
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FOR |
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CONISTON WATER LTD |
CONISTON WATER LTD (REGISTERED NUMBER: 04356413) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2019 |
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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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CONISTON WATER LTD |
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COMPANY INFORMATION |
for the Year Ended 31 January 2019 |
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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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First Floor, Templeback |
10 Temple back |
Bristol |
BS1 6FL |
CONISTON WATER LTD (REGISTERED NUMBER: 04356413) |
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BALANCE SHEET |
31 January 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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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 Board of Directors on
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CONISTON WATER LTD (REGISTERED NUMBER: 04356413) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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Coniston Water Ltd is a
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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 Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
owned subsidiaries within the group. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other sales taxes. |
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Turnover is represented by agency commission in the hotel industry. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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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 |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered |
into. |
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Basic financial liabilities |
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. |
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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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CONISTON WATER LTD (REGISTERED NUMBER: 04356413) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST OR VALUATION |
At 1 February 2018 |
and 31 January 2019 |
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PROVISIONS |
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Revaluation adjustments | 2,208 |
At 31 January 2019 | 2,208 |
NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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Cost or valuation at 31 January 2019 is represented by: |
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Shares in |
group |
undertakings |
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Cost | 31,621 |
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Fixed asset investments include the following subsidiaries: |
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Miedwie Inwestycje Sp.z.o.o |
Escaramanga Inversiones en Fincas S.L. |
Piasec Ltd |
Coast Sea Holdings Limited |
CONISTON WATER LTD (REGISTERED NUMBER: 04356413) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 January 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Called up share capital not paid |
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Interest receivable | 3,849 | 3,371 |
Loan | 12,584 | 12,589 |
VAT |
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Prepayments |
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Included within other debtors is a loan due to Miedwie Inwestycje Sp.z.o.o. (a subsidiary) at 3% interest per annum. The |
loan is unsecured and was repayable on 31 December 2016. |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Tax |
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Loan - Shareholder |
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Accrued expenses |
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The loan is unsecured, interest-free and repayable on demand. |