RACOON INTERNATIONAL HOLDINGS LIMITED
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REGISTERED NUMBER: |
05953632
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BALANCE SHEET |
as at 31 March 2018
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Notes |
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2018 |
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2017 |
£ |
£ |
FIXED ASSETS |
Financial assets |
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|
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2,456,000 |
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2,780,000 |
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CURRENT ASSETS |
Debtors |
2 |
|
7,691 |
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19,933 |
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CREDITORS: amounts falling due within one year |
3 |
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(2,125) |
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(2,125) |
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|
|
|
|
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NET CURRENT ASSETS |
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|
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5,566 |
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17,808 |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
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2,461,566 |
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2,797,808 |
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CREDITORS: amounts falling due after more than one year |
4 |
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(347,646) |
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(339,206) |
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NET ASSETS |
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2,113,920 |
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2,458,602 |
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CAPITAL AND RESERVES |
Called up share capital |
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5,478,403 |
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5,478,403 |
Share premium |
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|
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892,843 |
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892,843 |
Profit and loss account |
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|
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(4,257,326) |
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(3,912,644) |
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SHAREHOLDERS' FUNDS |
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2,113,920 |
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2,458,602 |
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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S J Davenport |
Director |
Approved by the board on 13 December 2018
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RACOON INTERNATIONAL HOLDINGS LIMITED
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NOTES TO THE ACCOUNTS |
for the year ended 31 March 2018
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1 |
ACCOUNTING POLICIES |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A small entities.
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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2 |
DEBTORS |
2018 |
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2017 |
£ |
£ |
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Amounts owed by group companies |
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7,691 |
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19,933 |
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|
|
|
|
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3 |
CREDITORS: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
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Other creditors |
2,125 |
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2,125 |
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|
|
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4 |
CREDITORS: amounts falling due after one year |
2018 |
|
2017 |
£ |
£ |
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Other loans |
347,646 |
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339,206 |
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5 |
CONTROLLING PARTY |
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At the balance sheet date it is considered that S Davenport is the ultimate controlling party due to her control of Racoon International Group Limited, the ultimate parent company .
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6 |
OTHER INFORMATION |
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Racoon International Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Wills Pastures |
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Wormleighton |
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Southam |
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Warwickshire |
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CV47 2XR |