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REGISTERED NUMBER:
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THE FUNKTION ROOM LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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REGISTERED NUMBER:
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THE FUNKTION ROOM LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 7 |
THE FUNKTION ROOM LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
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DIRECTOR: |
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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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Atelier B1 |
The Old Brewery |
Lodway |
Pill |
Bristol |
BS20 0DH |
THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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BALANCE SHEET |
31 MAY 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks | 5 |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 9 |
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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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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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BALANCE SHEET - continued |
31 MAY 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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1. | STATUTORY INFORMATION |
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The Funktion Room Limited is a
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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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The financial statements have been prepared on a going concern basis on the grounds that the director will |
continue to provide financial support. |
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Turnover |
Turnover represents the revenue generated from the sale of goods. Revenue is measured at the fair value of the |
consideration received and receivable. |
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Revenue from goods is recognised at the point of sale and the contractual right to the consideration has been |
earned. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
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Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
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Short Leasehold | @ 15% on cost |
Computer Equipment | @ 25% on 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 Profit & Loss Account, except |
to the extent that it relates to items recognised 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 by the |
balance sheet date. |
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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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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. |
THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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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. | TANGIBLE FIXED ASSETS |
Short | Computer |
leasehold | equipment | Totals |
£ | £ | £ |
COST |
At 1 June 2017 |
and 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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5. | STOCKS |
2018 | 2017 |
£ | £ |
Stocks |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2018 | 2017 |
£ | £ |
Between one and five years |
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THE FUNKTION ROOM LIMITED (REGISTERED NUMBER: 05827840) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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9. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax |
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Deferred |
tax |
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Balance at 1 June 2017 |
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Accelerated capital allowances | ( |
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Balance at 31 May 2018 |
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10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Other than movements on the director's loan account with the company, there were no other transactions with the |
director during the period. |
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11. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £38,000 (2017 - £20,000) were paid to the director . |
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Miss S D Horsley director, has ultimate control of the company owning 100 per cent of the voting share capital |
personally. |
THE FUNKTION ROOM LIMITED |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF |
THE FUNKTION ROOM LIMITED |
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The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Director are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of The Funktion Room Limited for the year ended 31 May 2018 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and |
other professional requirements which are detailed at http://www.cimaglobal.com. |
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This report is made solely to the director of The Funktion Room Limited in accordance with the terms of our |
engagement letter. Our work has been undertaken solely to prepare for your approval of the financial statements of The |
Funktion Room Limited and state those matters that we have agreed to state to the director of The Funktion Room |
Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as |
detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility |
to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that The Funktion Room Limited has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Funktion |
Room Limited. You consider that The Funktion Room Limited is exempt from the statutory audit requirement for the |
year. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Funktion Room Limited. |
For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Atelier B1 |
The Old Brewery |
Lodway |
Pill |
Bristol |
BS20 0DH |
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Date: ............................................. |