Registered number: 07130412 | ||||||||
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FOR THE YEAR ENDED 31/01/2019 | ||||||||
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Prepared By: | ||||||||
Balmer Accountancy | ||||||||
Whiteleaf Business Centre | ||||||||
11 Little Balmer | ||||||||
Buckingham | ||||||||
MK18 1TF |
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Cardinal Releasing Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2019 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
M Keatley | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07130412 | ||||||||
ACCOUNTANTS | ||||||||
Balmer Accountancy | ||||||||
Whiteleaf Business Centre | ||||||||
11 Little Balmer | ||||||||
Buckingham | ||||||||
MK18 1TF |
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Cardinal Releasing Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/01/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Cardinal Releasing Limited | ||||||||
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BALANCE SHEET AT
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2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 4 |
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Cash at bank and in hand |
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285,335 | 201,889 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES |
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(99,819) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 6 | 50,947 | - | |||||||
NET ASSETS / (LIABILITIES) |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 30,262 | (12,987) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Cardinal Releasing Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/01/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Fixtures and Fittings | straight line 5% | |||||||
Motor Cars | straight line 10% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
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Cardinal Releasing Limited | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||||||||||
Fixtures | ||||||||||||||
and Fittings | Motor Cars | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost | ||||||||||||||
At 01/02/2018 | 106,746 | - | 106,746 | |||||||||||
Additions | - | 98,218 | 98,218 | |||||||||||
At 31/01/2019 | 106,746 | 98,218 | 204,964 | |||||||||||
Depreciation | ||||||||||||||
At 01/02/2018 | 18,914 | - | 18,914 | |||||||||||
For the year | 5,337 | 9,822 | 15,159 | |||||||||||
At 31/01/2019 | 24,251 | 9,822 | 34,073 | |||||||||||
Net Book Amounts | ||||||||||||||
At 31/01/2019 |
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170,891 | |||||||||||
At 31/01/2018 |
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87,832 | |||||||||||
The fixed assets represents the Company's investment in improved studio facilities. | ||||||||||||||
3. STOCK | 2019 | 2018 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress |
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4. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 90,000 | - | ||||||
Directors current account | 843 | 9,551 | ||||||
90,843 | 9,551 | |||||||
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Cardinal Releasing Limited | ||||||||
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5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
UK corporation tax | 1,496 | 1,498 | ||||||
VAT | 30,989 | 18,330 | ||||||
Bank loans and overdrafts | 706 | 117 | ||||||
Credit card | 1,871 | - | ||||||
Hire purchase | 18,635 | - | ||||||
Trade creditors | 27,697 | 10,136 | ||||||
Other creditors | 166,515 | 164,182 | ||||||
Accruals | 2,100 | 2,100 | ||||||
Amounts due to group companies | 124,008 | 105,345 | ||||||
374,017 | 301,708 | |||||||
Other creditors include amounts due from Companies under the control of same Director. | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 50,947 | - | ||||||
50,947 | - | |||||||
7. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
8. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1000 | 1000 | ||||||
1,000 | 1,000 | |||||||
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Cardinal Releasing Limited | ||||||||
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9. CONTROLLING PARTY | ||||||||
The Company is a fully owned subsidiary of Cardinal Emperor Holdings Ltd (Co Nr 10323909). | ||||||||
The other Company within the Group is Emperor Media Ltd (Co Nr 04212006). |