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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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Swallowtail Hill Limited |
REGISTERED NUMBER:
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Report of the Directors and |
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Unaudited Financial Statements for the Year Ended 31 December 2016 |
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for |
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Swallowtail Hill Limited |
Swallowtail Hill Limited (Registered number: 04691522) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 5 |
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Swallowtail Hill Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Swallowtail Hill Limited (Registered number: 04691522) |
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Report of the Directors |
for the Year Ended 31 December 2016 |
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The directors present their report with the financial statements of the company for the year ended 31 December 2016. |
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DIRECTORS |
The directors shown below have held office during the whole of the period from 1 January 2016 to the date of this report. |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
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ON BEHALF OF THE BOARD: |
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Swallowtail Hill Limited (Registered number: 04691522) |
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Profit and Loss Account |
for the Year Ended 31 December 2016 |
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Period |
1.4.15 |
Year Ended | to |
31.12.16 | 31.12.15 |
Notes | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Administrative expenses |
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OPERATING (LOSS)/PROFIT | 2 | ( |
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Interest payable and similar charges |
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(LOSS)/PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION |
( |
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Tax on (loss)/profit on ordinary activities | 3 |
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(LOSS)/PROFIT FOR THE FINANCIAL YEAR | ( |
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Swallowtail Hill Limited (Registered number: 04691522) |
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Balance Sheet |
31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Profit and loss account | 9 | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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
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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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The financial statements were approved by the Board of Directors on
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Swallowtail Hill Limited (Registered number: 04691522) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
At the year end the balance sheet has a deficit of £10,273 (2015 surplus £5,394). The company is being supported by the |
Directors both directly and by companies under their control. The directors and those companies have indicated their |
willingness to continue to provide this support and as such the accounts have been prepared on the going concern basis. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
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Turnover |
Turnover represents amounts chargeable in respect of the sale of goods and services to customers. |
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Tangible fixed assets |
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Campsite Accommodation and equipment | - |
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Fixtures and fittings | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
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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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2. | OPERATING (LOSS)/PROFIT |
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The operating loss (2015 - operating profit) is stated after charging: |
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Period |
1.4.15 |
Year Ended | to |
31.12.16 | 31.12.15 |
£ | £ |
Depreciation - owned assets |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2016 nor for the period ended |
31 December 2015. |
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4. | DIVIDENDS |
Period |
1.4.15 |
Year Ended | to |
31.12.16 | 31.12.15 |
£ | £ |
Ordinary shares of £1 each |
Interim | 4,000 | - |
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During the year the directors paid a dividend when there were sufficient reserves, however since that time the reserves of |
the company have reduced and there are no longer any distributable reserves. The directors undertake to make no further |
distributions until such time as there are reserves available for that purpose. |
Swallowtail Hill Limited (Registered number: 04691522) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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5. | TANGIBLE FIXED ASSETS |
Campsite |
Accommodation | Fixtures |
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equipment | fittings | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors | 1,396 | 6,386 |
Other debtors | 2,002 | - |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Other creditors |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.16 | 31.12.15 |
value: | £ | £ |
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Ordinary | £1 |
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9. | RESERVES |
Profit |
and loss |
account |
£ |
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At 1 January 2016 |
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Deficit for the year | ( |
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Dividends | ( |
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At 31 December 2016 | ( |
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Swallowtail Hill Limited (Registered number: 04691522) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The Directors lent various amounts to the company in this year and in the prior year. These were largely repaid during the |
year and at the balance sheet date the amount due to Christopher Broadbent and Sarah Broadbent was £1,264 (2015 - |
£34,479). |
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11. | RELATED PARTY DISCLOSURES |
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Barclay Stratton Limited |
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C Broadbent, a director, is also a director of this company |
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During the period the company recharged administrative expenses to Barclay Stratton Limited of £1,186 (2015 £7,081). |
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The company also received a loan from Barclay Stratton Limited of £34,479 (2015 £30,000) during the year. The balance |
outstanding at the year end was £64,479 (2015 - £30,000). |
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Broadbent Wright Consulting LLP |
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The Directors are both members of this Partnership |
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During the period the company recharged administrative expenses to Broadbent Wright Consulting LLP of £816 (2015 |
£nil). |
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12. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the directors who own 100% of the called up share capital. |