1349 Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 31 March 2019
Company Registration No. 08466193 (England and Wales)
1349 Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
1349 Limited
Balance Sheet
As at 31 March 2019
31 March 2019
Page 1
2019
2018
Notes
£
£
£
£
Fixed assets
Investments
2
1,407,000
1,407,000
Current assets
Debtors
3
27,913
28,889
Cash at bank and in hand
2,212
2,212
30,125
31,101
Creditors: amounts falling due within one year
4
(188,739)
(183,145)
Net current liabilities
(158,614)
(152,044)
Total assets less current liabilities
1,248,386
1,254,956
Capital and reserves
Called up share capital
5
375,000
375,000
Own shares
(129,057)
(123,357)
Profit and loss reserves
1,002,443
1,003,313
Total equity
1,248,386
1,254,956
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on
25 July 2019 and are signed on its behalf by:
2019-07-25
P Gilheany
Director
Company Registration No. 08466193
1349 Limited
Statement of Changes in Equity
For the year ended 31 March 2019
Page 2
Share capital
Own shares
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2017
375,000
(108,175)
1,003,932
1,270,757
Year ended 31 March 2018:
Loss and total comprehensive income for the year
-
-
(619)
(619)
Own shares acquired
-
(15,182)
-
(15,182)
Balance at 31 March 2018
375,000
(123,357)
1,003,313
1,254,956
Year ended 31 March 2019:
Loss and total comprehensive income for the year
-
-
(870)
(870)
Own shares acquired
-
(5,700)
-
(5,700)
Balance at 31 March 2019
375,000
(129,057)
1,002,443
1,248,386
1349 Limited
Notes to the Financial Statements
For the year ended 31 March 2019
Page 3
1
Accounting policies
Company information
1349 Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Loom, 14 Gowers Walk, London, E1 8PY.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Employee benefit trust
In accordance with FRS 102 S28 - Employee Benefit Trusts and Other Intermediate Payment Arrangements, the company includes the assets and liabilities of that trust within its balance sheet. In the event of the winding up of the company, neither the shareholders nor the creditors of the company would be entitled to the assets of the employee benefit trust.
1349 Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2019
Page 4
2
Fixed asset investments
2019
2018
£
£
Investments
1,407,000
1,407,000
The investment represents a 100% shareholding in Forster Lamond Limited.
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 April 2018 & 31 March 2019
1,407,000
Carrying amount
At 31 March 2019
1,407,000
At 31 March 2018
1,407,000
3
Debtors
2019
2018
Amounts falling due within one year:
£
£
Amounts due from group undertakings
-
976
Other debtors
27,913
27,913
27,913
28,889
4
Creditors: amounts falling due within one year
2019
2018
£
£
Amounts due to group undertakings
187,939
182,370
Other creditors
800
775
188,739
183,145
1349 Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2019
Page 5
5
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
375,000 Ordinary Shares of £1 each
375,000
375,000
375,000
375,000
6
Related party transactions
The company has taken the exemption under Section 33 Related Party Disclosures paragraph 33.1A from disclosing transactions with other members of a wholly owned group.
7
Control
There is no ultimate controlling party.