REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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FOR |
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PREMIER CHILDREN SERVICES LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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FOR |
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PREMIER CHILDREN SERVICES LIMITED |
PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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ABBREVIATED BALANCE SHEET |
28 FEBRUARY 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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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)/ASSETS | ( |
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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 LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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 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. |
PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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ABBREVIATED BALANCE SHEET - continued |
28 FEBRUARY 2015 |
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The financial statements were approved by the Board of Directors on
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PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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1. | ACCOUNTING POLICIES |
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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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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
The charge for deferred tax takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all |
timing differences that have originated but not reversed at the balance sheet date. Deferred tax is measured on a |
non-discounted basis the rates that are expected to apply in the periods in which the timing differences reverse, |
based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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Going concern |
The Company has seen a positive year of growth within the past 18 months, which has led to high levels of |
investment in to the wholly owned subsidiaries of Premier Children Services Limited. These investments are now |
coming to fruition and the next two months will be much improved and will lead to positive results for the next |
financial year. |
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The Company's original investment has been revalued and will be reflected in the accounts during the next |
trading year. This will enhance the Balance Sheet position by £1.1m. |
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The Company's cost of external investment has been restructured with substantial savings of circa £500k per |
annum being anticipated. The next set of accounts will be consolidated and should show a positive overall |
picture. The company is now exiting its start-up phase and has built solid foundations to take its projects |
forward. Due to continued and successful growth, the 2016 published accounts will be fully audited and the |
directors trust that the company's investors will take further comfort in the hard work and ever-improving |
financial position. |
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The directors expect that the company's projected results and continued investor support will give it adequate |
resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the |
going concern basis in preparing the financial statements. |
PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2014 |
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Additions |
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At 28 February 2015 |
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DEPRECIATION |
At 1 March 2014 |
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Charge for year |
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At 28 February 2015 |
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NET BOOK VALUE |
At 28 February 2015 |
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At 28 February 2014 |
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3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 March 2014 | 1,418,000 |
Additions |
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At 28 February 2015 | 1,882,619 |
NET BOOK VALUE |
At 28 February 2015 |
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At 28 February 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 756,874 | 696,748 |
Profit for the year | 60,126 | 187,897 |
PREMIER CHILDREN SERVICES LIMITED (REGISTERED NUMBER: 08074070) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2015 |
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3. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary | 100.00 |
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£ |
Aggregate capital and reserves | 83,426 |
Profit for the year | 92,321 |
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Country of incorporation: Australia |
Nature of business:
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% |
Class of shares: | holding |
Ordinary shares | 100.00 |
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The company has not prepared its first set of accounts. |
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4. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary A | £0.01 |
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Ordinary B | £0.01 |
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100 | 100 |
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During the year, the 100 A Ordinary shares of £1 each were redesignated as 8950 £0.01 A Ordinary shares and |
1050 £0.01 B Ordinary shares. |