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REGISTERED NUMBER:
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RWH (BLUEBIRD) LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 OCTOBER 2017 TO 29 SEPTEMBER 2018 |
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REGISTERED NUMBER:
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RWH (BLUEBIRD) LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 OCTOBER 2017 TO 29 SEPTEMBER 2018 |
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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CONTENTS OF THE FINANCIAL STATEMENTS
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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Page
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Company Information
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1
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Statement of Financial Position
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2
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Notes to the Financial Statements
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3
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RWH (BLUEBIRD) LIMITED
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COMPANY INFORMATION
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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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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AUDITORS:
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14 All Saints Street
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Stamford
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Lincolnshire
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PE9 2PA
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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STATEMENT OF FINANCIAL POSITION
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29 SEPTEMBER 2018
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2018
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2017
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Notes
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£
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£
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FIXED ASSETS
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Intangible assets
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4
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Tangible assets
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5
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CURRENT ASSETS
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Stocks
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Debtors
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6
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Cash at bank
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CREDITORS
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Amounts falling due within one year
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7
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(
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(
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NET CURRENT LIABILITIES
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(
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)
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(
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TOTAL ASSETS LESS CURRENT LIABILITIES
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(
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(
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CAPITAL AND RESERVES
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Called up share capital
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9
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Retained earnings
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(
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(
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SHAREHOLDERS' FUNDS
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(
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(
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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
by:
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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NOTES TO THE FINANCIAL STATEMENTS
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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1.
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GENERAL INFORMATION
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RWH (Bluebird) Limited is a private company limited by shares incorporated in England and Wales under the
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Companies Act. The address of the registered office is given on the company information page.
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2.
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ACCOUNTING POLICIES
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Basis of preparation
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The principal accounting policies are set out below and have been applied consistently.
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Going concern
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The company is dependent on the continuing support of its immediate parent company. The directors of the
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parent company have confirmed in writing that such support will continue for the foreseeable future, and on
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this basis, the directors of RWH (Bluebird) Limited consider it appropriate to prepare the financial statements
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on the going concern basis.
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Related party transactions
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The company has taken advantage of the exemption, under the terms of Financial Reporting Standard FRS102 |
"The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006, |
not to disclose transactions with entities within the group. |
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Intangible assets
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Costs of trademark investments are capitalised in the statement of financial position where the directors |
consider there to be an enduring benefit to the company. The cost of assets so acquired are amortised over |
the lesser of 20 years or the estimated useful life. |
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Tangible fixed assets
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Tangible fixed assets are stated at historic purchase cost less accumulated depreciation. Cost includes the |
original purchase price of the asset and the costs attributable to bringing the asset to its working condition for |
intended use. Depreciation is provided at rates calculated to write off the cost less estimated residual value of |
each asset over its expected useful life as follows: |
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Leasehold land and buildings | Straight line over life of lease (12 years) |
Plant and machinery | 4-5 years |
Fixtures, fittings and equipment | 5 years |
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The expected useful lives of the assets in the business are reassessed periodically to ensure that they remain |
appropriate. |
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Gains or losses on the disposal of fixed assets are dealt with in the statement of comprehensive income and |
are accounted for as the difference between proceeds and the net book value of the asset at the date of |
disposal. |
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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2.
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ACCOUNTING POLICIES - continued
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Stock
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Stock is valued at the lower of cost and net realisable value. Cost is based on the cost of purchase on a
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standard cost basis. Where necessary, provision is made for obsolete, slow moving and defective stock.
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Current and deferred taxation
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Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit and |
loss account except to the extent that it relates to items recognised directly in equity or other comprehensive |
income. |
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Current tax is the expected tax payable or receivable on the taxable income or loss for the year, calculated |
using tax rates enacted or substantively enacted at the statement of financial position date in the countries |
where the company's subsidiaries operate and generate taxable income. Any adjustment to tax payable in |
respect of previous years is also included. |
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Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise |
indicated. |
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The recognition of deferred tax assets is limited 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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Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have |
been met. |
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Deferred tax is not recognised on timing differences relating to interests in subsidiaries, associates, branches |
and joint ventures where the group can control their reversal and such reversal is not considered probable in |
the foreseeable future. |
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A deferred tax liability or asset is recognised for the additional tax that will be paid or avoided in respect of |
assets and liabilities that are recognised in a business combination. The amount attributed to goodwill is |
adjusted by the amount of deferred tax recognised. |
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Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by |
the reporting date that are expected to apply to the reversal of the timing difference. Deferred tax balances |
are not discounted. |
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Foreign currencies
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Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of |
exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at |
the rate ruling at the date of the transaction. All differences are taken to profit and loss. |
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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2.
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ACCOUNTING POLICIES - continued
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Holiday pay accrual
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A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the
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statement of financial position date and carried forward to future periods. This is measured at the
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undiscounted salary cost of the future holiday entitlement so accrued at the statement of financial position
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date.
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Financial assets
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Financial assets are measured initially at fair value and subsequently at amortised cost less any impairment.
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Financial liabilities
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Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than it's legal form.
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Financial liabilities are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost.
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3.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the period was NIL (2017 -
19
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4.
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INTANGIBLE FIXED ASSETS
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Trademarks
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£
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COST
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At 1 October 2017
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Disposals
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(
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At 29 September 2018
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AMORTISATION
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At 1 October 2017
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Eliminated on disposal
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(
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At 29 September 2018
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NET BOOK VALUE
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At 29 September 2018
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At 30 September 2017
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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5.
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TANGIBLE FIXED ASSETS
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Leasehold
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Fixtures
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land and
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Plant and
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and
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buildings
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machinery
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fittings
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Totals
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£
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£
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£
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£
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COST
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At 1 October 2017
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Disposals
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(
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(
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(
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(
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At 29 September 2018
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DEPRECIATION
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At 1 October 2017
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Eliminated on disposal
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(
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(
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(
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(
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At 29 September 2018
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NET BOOK VALUE
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At 29 September 2018
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At 30 September 2017
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6.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2018
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2017
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£
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£
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Trade debtors
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Other debtors
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Taxation and social security costs
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Prepayments and accrued income
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7.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2018
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2017
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£
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£
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Trade creditors
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Amounts owed to group undertakings
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Accruals and deferred income
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8.
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LEASING AGREEMENTS
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Minimum lease payments under non-cancellable operating leases fall due as follows:
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2018
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2017
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£
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£
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Within one year
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The company has given an unlimited cross guarantee to the banking facilities held by the intermediate parent
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company, Robinson Webster (Holdings) Limited.
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RWH (BLUEBIRD) LIMITED (REGISTERED NUMBER: 05527054)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE PERIOD 1 OCTOBER 2017 TO 29 SEPTEMBER 2018
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9.
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CALLED UP SHARE CAPITAL
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Allotted, issued and fully paid:
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Number:
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Class:
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Nominal
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2018
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2017
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value:
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£
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£
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Ordinary
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1
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3,000,000
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3,000,000
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10.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
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The Report of the Auditors was unqualified.
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for and on behalf of
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11.
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ULTIMATE CONTROLLING PARTY
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The immediate parent undertaking is Robinson Webster (Holdings) Limited, a company registered in England
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and Wales, at the registered address of 159 Mortlake Road, Richmond, Surrey, TW9 4AW.
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