Registered number |
05816939 |
THE SAM BOURNE COMPANY LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2019 |
THE SAM BOURNE COMPANY LIMITED | |||
CONTENTS | |||
Page | |||
Balance sheet | 1 | ||
Notes to the financial statements | 2 - 5 | ||
|
|||||||
Balance Sheet | |||||||
as at |
|||||||
Company Registration No. | 05816939 | ||||||
Notes | 2019 | 2018 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 |
|
|
||||
Investments | 4 |
|
|
||||
|
|
||||||
Current assets | |||||||
Debtors | 5 |
|
|
||||
Cash at bank and in hand |
|
|
|||||
|
|
||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
||||
Net current assets |
|
|
|||||
Net assets |
|
|
|||||
Capital and reserves | |||||||
Called up share capital |
|
|
|||||
Profit and loss account |
|
|
|||||
Shareholders' funds |
|
|
|||||
|
|||||||
|
|||||||
|
|||||||
|
|||||||
………………………………….. | |||||||
Jonathan S Freedland | |||||||
Director | |||||||
Approved by the board on |
|||||||
|
||||||||
NOTES TO THE FINANCIAL STATEMENTS | ||||||||
FOR THE YEAR ENDED 31 AUGUST 2019 | ||||||||
1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical convention. The principal accounting policies adopted are set out below. |
||||||||
Turnover | ||||||||
|
||||||||
Tangible fixed assets | ||||||||
|
||||||||
Fixtures, fittings and equipment | 20% straight line | |||||||
Fixed asset Investments | ||||||||
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit and loss. An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest where the company has significant influence. The company considers that it has significant influence where it has the power to participate the financial and operating decisions of the associate. |
||||||||
Financial instruments | ||||||||
Financial instruments are recognised in the company's balance sheet date when the company becomes party to the contractual provisions of the instruments. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective of impairments found, an impairment loss is recognised in profit and loss accounts. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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. |
||||||||
Basic financial assets | ||||||||
|
||||||||
Cash and cash equivalents | ||||||||
|
||||||||
Basic financial liabilities | ||||||||
|
||||||||
Taxation | ||||||||
|
||||||||
Current tax | ||||||||
|
||||||||
Deferred tax | ||||||||
The carrying amount of deferred tax assets is reviewed at each reporting end date. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities relate to taxes levied by the same tax authority. |
||||||||
Foreign currency translation | ||||||||
|
||||||||
2 | Employees | 2019 | 2018 | |||||
Number | Number | |||||||
Average number of persons employed by the company |
|
|
||||||
3 | Tangible fixed assets | |||||||
Fixtures, fittings and equipment | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 September 2018 |
|
|||||||
Additions |
|
|||||||
At 31 August 2019 |
|
|||||||
Depreciation | ||||||||
At 1 September 2018 |
|
|||||||
Charge for the year |
|
|||||||
At 31 August 2019 |
|
|||||||
Net book value | ||||||||
At 31 August 2019 |
|
|||||||
At 31 August 2018 |
|
|||||||
4 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 September 2018 | 67,000 | |||||||
Additions | 916,717 | |||||||
At 31 August 2019 | 983,717 | |||||||
5 | Debtors | 2019 | 2018 | |||||
£ | £ | |||||||
Trade debtors |
|
- | ||||||
Other taxes and social security costs |
|
|||||||
Other debtors |
|
|
||||||
Directors' current account | - | 590,474 | ||||||
|
|
|||||||
6 | Creditors: amounts falling due within one year | 2019 | 2018 | |||||
£ | £ | |||||||
Corporation tax |
|
|
||||||
Other taxes and social security costs | - |
|
||||||
Directors' current account | 73,870 | - | ||||||
Other creditors |
|
|
||||||
|
|
|||||||
7 | Other information | |||||||
The Sam Bourne Company Limited is a private company limited by shares and incorporated in England and Wales. The registered office is: 37 Warren Street, London, W1T 6AD. |