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REGISTERED NUMBER:
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10SJP NO.2 LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 JULY 2017 TO 31 DECEMBER 2018 |
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REGISTERED NUMBER:
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10SJP NO.2 LIMITED |
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FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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1 JULY 2017 TO 31 DECEMBER 2018 |
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10SJP NO.2 LIMITED (REGISTERED NUMBER: 06517363) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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10SJP NO.2 LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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14 All Saints Street |
Stamford |
Lincolnshire |
PE9 2PA |
10SJP NO.2 LIMITED (REGISTERED NUMBER: 06517363) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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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 | 7 |
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SHAREHOLDERS' FUNDS |
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The financial statements were approved by the Board of Directors on
behalf by: |
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10SJP NO.2 LIMITED (REGISTERED NUMBER: 06517363) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018 |
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1. | STATUTORY INFORMATION |
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10SJP No.2 Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The financial reporting period end has been amended to 31 December in order to align the company with |
fellow group companies.This has resulted in an extended period of reporting from 1 July 2017 to 31 December |
2018. The comparative period is twelve months to 30 June 2017. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about 10SJP No.2 Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section |
400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and |
its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its |
ultimate parent, Mountain Berg Holdings Limited. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Investments in subsidiaries |
Investments in subsidiaries are recognised at cost less impairment. |
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Taxation |
Taxation for the period 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 statement of financial position 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 |
statement of financial position 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 period 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. |
10SJP NO.2 LIMITED (REGISTERED NUMBER: 06517363) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Comparatives |
The previous period's financial statements were not audited as the company was entitled to exemption from |
audit under section 477 of the Companies Act 2006. Accordingly, the comparatives to the current period's |
financial statements are unaudited. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 July 2017 |
and 31 December 2018 |
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PROVISIONS |
Provision for period | 100 |
At 31 December 2018 | 100 |
NET BOOK VALUE |
At 31 December 2018 |
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At 30 June 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
10SJP NO.2 LIMITED (REGISTERED NUMBER: 06517363) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JULY 2017 TO 31 DECEMBER 2018 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | GOING CONCERN |
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At the period end the company had net current liabilities. The company's parent company, Mountain Berg |
Limited, has confirmed its intention to continue to provide finance to enable the company and its subsidiaries |
to meet their debts as they fall due for a period of at least 12 months from the date of approval of the financial |
statements. For this reason the financial statements are prepared on the going concern basis. |
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10. | ULTIMATE PARENT COMPANY |
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Mountain Berg Limited, a company registered in England and Wales, acquired all of the company's share |
capital during September 2018 and is the company's controlling party by virtue of it being the company's |
parent undertaking and holding 100% of the issued share capital. The registered office of the parent company |
is the same as that shown on the company information page. The directors consider that Mountain Berg |
Holdings Limited, a company registered in England and Wales, is the company's ultimate parent company. |
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Mountain Berg Holdings Limited heads the smallest and largest group in which the results of the company are |
consolidated. The financial statements of Mountain Berg Holdings Limited are available from Companies |
House, Crown Way, Cardiff CF14 3UZ. The registered office of the ultimate parent company is the same as that |
shown on the company information page. |