Company registration number:
06713345
Peninsula Urology Limited
Unaudited filleted financial statements
31 October 2018
PENINSULA UROLOGY LIMITED
Contents
Statement of financial position
Notes to the financial statements
PENINSULA UROLOGY LIMITED
STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2018
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2018
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2017
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Note
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£
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£
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£
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£
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Current assets
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Cash at bank and in hand
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5
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5
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_______
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_______
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5
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5
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Net current assets
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5
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5
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_______
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_______
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Total assets less current liabilities
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5
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5
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_______
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_______
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Net assets
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5
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5
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_______
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_______
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Capital and reserves
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Called up share capital
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5
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5
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_______
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_______
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Shareholders funds
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5
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5
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_______
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_______
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For the year ending 31 October 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 April 2019
, and are signed on behalf of the board by:
A J Dickinson
R M Pearcy
Director
Director
Company registration number:
06713345
PENINSULA UROLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 OCTOBER 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Plym House, 3 Longbridge Road, Marsh Mills, Plymouth, PL6 8LT.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery
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-
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25 %
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reducing balance
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to Nil (2017: Nil).
5.
Tangible assets
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Total
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£
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Cost
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At 1 November 2017 and 31 October 2018
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-
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_______
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Depreciation
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At 1 November 2017 and 31 October 2018
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-
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_______
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Carrying amount
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At 31 October 2018
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-
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_______
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At 31 October 2017
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-
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_______
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6.
Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.