REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2022 |
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CONISTON WATER LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2022 |
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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 2022 |
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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 2022 |
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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 2022 |
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31.1.22 | 31.1.21 |
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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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
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NET ASSETS |
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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 |
(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 Board of Directors and authorised for issue 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 2022 |
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1. | STATUTORY INFORMATION |
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Coniston Water Ltd is a
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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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Preparation of consolidated financial statements |
The financial statements contain information about Coniston Water Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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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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 2022 |
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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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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 February 2021 |
and 31 January 2022 |
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Net book value |
At 31 January 2022 |
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At 31 January 2021 |
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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 |
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5. | DEBTORS |
31.1.22 | 31.1.21 |
£ | £ |
Amounts falling due within one year: |
Principal account |
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Amounts owed by group undertakings |
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Called up share capital not paid |
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Interest receivable | 5,139 | 4,504 |
Loan 1 | 16,693 | 11,687 |
Loan 2 | 233,592 | 247,970 |
Loan 3 | 83,426 | - |
Tax |
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VAT |
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Prepayments |
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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 2022 |
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5. | DEBTORS - continued |
31.1.22 | 31.1.21 |
£ | £ |
Amounts falling due after more than one year: |
Loan 3 |
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Aggregate amounts |
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Included within debtors are three loans: a loan (1) due from Miedwie Inwestycje Sp. z.o.o. (a subsidiary) at 3% interest per annum (the loan is unsecured and was repayable on 31 December 2016), a loan (2) due from Mount Sainte-Victoire S.L. (the loan is interest free, unsecured and was repayable by 1st April 2020) and a loan (3) due from Coast Sea Holdings (the loan is interest free, unsecured and repayable by 31st August 2022). |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Trade creditors |
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Tax |
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Loan - Shareholder |
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Other creditors | 233,592 | 247,970 |
Accrued expenses |
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The shareholder's loan is unsecured, interest free and repayable on demand. |
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Included within other creditors are two loans: a loan available 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) and a loan available to Mount Sainte-Victoire S.L. (the loan is interest free, unsecured and was repayable by 1st April 2020). |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Amounts owed to group |
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Included within creditors more than one year is a loan available to Coast Sea Holdings (the loan is interest free, unsecured and repayable by 31st August 2022). |