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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED |
INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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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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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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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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Chartered Accountants |
24 Lammas Street |
Carmarthen |
Carmarthenshire |
SA31 3AL |
INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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ABRIDGED BALANCE SHEET |
31 DECEMBER 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2016 |
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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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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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International Wildlife Consultants (UK) Limited is a
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and 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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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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GOODWILL |
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INTANGIBLE ASSETS |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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TANGIBLE FIXED ASSETS |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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INVESTMENTS IN SUBSIDIARIES |
Investments in subsidiary undertakings are recognised at cost. |
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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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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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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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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. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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AMORTISATION |
At 1 January 2016 |
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Amortisation for year |
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At 31 December 2016 |
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NET BOOK VALUE |
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At 31 December 2016 |
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At 31 December 2015 |
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INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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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 |
Totals |
£ |
COST |
At 1 January 2016 |
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Additions |
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Disposals | ( |
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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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Eliminated on disposal | ( |
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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. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 | 100 |
NET BOOK VALUE |
At 31 December 2016 | 100 |
At 31 December 2015 | 100 |
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7. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.12.16 | 31.12.15 |
£ | £ |
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Lloyds Bank plc hold a debenture against all assets of the company, in respect of monies owed to them. |
INTERNATIONAL WILDLIFE CONSULTANTS (UK) |
LIMITED (REGISTERED NUMBER: 05730996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
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8. | RELATED PARTY DISCLOSURES |
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The following transactions with the directors subsisted during the years ended 31 December 2015 and 31 |
December 2014: |
31.12.15 | 31.12.14 |
£ | £ |
Dr NC and Mrs BIM Fox |
Balance due at start of year | 120,095 | 63,645 |
Advances in year | (262,700) | (134,604) |
Credits in year | 235,558 | 191,054 |
Balance outstanding at end of year | 92,953 | 120,095 |
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During the year the directors charged the company rent of £92,900 (2014 - £92,900). |
Credits include dividends of £136,000 (2014 - £82,000). |
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Mickelbo Limited is a subsidiary of the company and is therefore a related party. |
During the year Mickelbo Limited charged the company rent of £8,000 (2014 - £8,000). |
During the year the company made interest free loans to Mickelbo Limited of £183,538 (2014 - £164,398). |
At the balance sheet date, the company was owed £3,779,496 by Mickelbo Limited (2014 - £3,963,034). |
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Wingbeat Limited is a related party by virtue of the same ultimate controlling party, and commenced trading on 1 |
February 2015. |
During the year the company made interest free loans to Wingbeat Limited of £898,354. |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by the directors, Dr N C Fox and Mrs B I M Fox, by virtue of their shareholdings. |