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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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Unicoin (ACK) Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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Unicoin (ACK) Limited |
Unicoin (ACK) Limited (Registered number: 06409316) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Unicoin (ACK) Limited |
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Company Information |
for the Year Ended 30 June 2015 |
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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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Unicoin (ACK) Limited (Registered number: 06409316) |
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Abbreviated Balance Sheet |
30 June 2015 |
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30.6.15 | 30.6.14 |
Notes | £ | £ |
CURRENT ASSETS |
Properties at cost |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 2 |
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Profit and loss account | ( |
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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
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(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. |
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The financial statements were approved by the Board of Directors on
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Unicoin (ACK) Limited (Registered number: 06409316) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company meets its day to day working capital requirements with the use of loans from its directors. At the balance |
sheet date, creditors includes an amount of £1,656,927 due to the directors, which exceeds the balance sheet net deficit of |
£707,740. |
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The directors have provided assurances that they will continue to provide financial support to the company and will not |
press for repayment of the amounts owed to them until such time as all other liabilities have been settled. Accordingly, the |
directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements |
do not include any adjustments that would result from a withdrawal of the financial support of the directors. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Properties at cost |
The properties for development are valued at the lower of the cost of direct land, building costs and site costs or net |
realisable value. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
value: | £ | £ |
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Ordinary | £0.01 |
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3. | ULTIMATE PARENT COMPANY |
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The directors of the company were considered to be the ultimate controlling party at the balance sheet date. |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date other creditors includes loans from directors as follows: |
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W E Sturt - £336,376 (2014: £794,016) |
A C Bond - £54,204 (2014: £143,818) |
R A Bunkall - £54,204 (2014: £143,818) |
S V Sturt - £54,204 (2014: £143,818) |
M L Taaffe - £54,204 (2014: £143,818) |
J B Campbell - £54,204 (2014: £143,818) |
R Payne - £54,204 (2014: £143,818) |