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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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MARELA HOLDINGS MANCHESTER LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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MARELA HOLDINGS MANCHESTER LIMITED |
MARELA HOLDINGS MANCHESTER LIMITED (REGISTERED NUMBER: 07062938) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2017 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MARELA HOLDINGS MANCHESTER LIMITED |
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COMPANY INFORMATION |
for the year ended 31 March 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Suite 2 Beswick House |
Greenfold Way |
Leigh |
Lancashire |
WN7 3XJ |
MARELA HOLDINGS MANCHESTER LIMITED (REGISTERED NUMBER: 07062938) |
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ABRIDGED BALANCE SHEET |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CURRENT ASSETS |
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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CREDITORS |
Amounts falling due after more than one
year |
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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 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 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. |
MARELA HOLDINGS MANCHESTER LIMITED (REGISTERED NUMBER: 07062938) |
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ABRIDGED BALANCE SHEET - continued |
31 March 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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MARELA HOLDINGS MANCHESTER LIMITED (REGISTERED NUMBER: 07062938) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Marela Holdings Manchester Limited is a
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The 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, which assumes that the company will |
continue in operational existence for the foreseeable future. |
The directors are committed to providing further resources to continue operations should the need arise, ensuring |
that all creditors are being paid as they fall due. |
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Preparation of consolidated financial statements |
The financial statements contain information about Marela Holdings Manchester Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company has taken |
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year 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 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. |
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Transition to frs 102 section 1a |
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with |
FRS 102 section 1a small entities. The date of transition was 1 April 2015. |
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The transition to FRS 102 section 1a small entities has not resulted in any changes to the figures at transition and |
comparative dates. |
MARELA HOLDINGS MANCHESTER LIMITED (REGISTERED NUMBER: 07062938) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2017 |
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3. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 | 251,792 |
NET BOOK VALUE |
At 31 March 2017 | 251,792 |
At 31 March 2016 | 251,792 |
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4. | RELATED PARTY DISCLOSURES |
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At 31 March 2017,
Manchester Hydraulics Limited
was owed £
34,658
(2016: £34,658) by the company by way
of an interest free loan . The directors are also directors of and wholly own Manchester Hydraulics Limited . |
At 31st March 2017, the company owed
Pirtek Preston 2004 Limited
, its
wholly owned subsidiary
, £137,412
(2016: £118,655) by way of an interest free loan. |