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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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CALL TO THE BAR LIMITED |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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CALL TO THE BAR LIMITED |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Report of the Accountants | 10 |
CALL TO THE BAR LIMITED |
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Company Information |
for the Year Ended 30 September 2018 |
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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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1a The Quadrant Courtyard |
Quadrant Way |
Weybridge |
Surrey |
KT13 8DR |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Abridged Statement of Financial Position |
30 September 2018 |
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30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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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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CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Abridged Statement of Financial Position - continued |
30 September 2018 |
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30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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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. |
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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
were signed on its behalf by: |
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CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Call To The Bar Limited is a
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England and Wales. 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 are prepared in Sterling, which is the functional currency of |
the company. Monetary amounts in these financial statements are rounded to the |
nearest £. |
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The financial statements have been prepared under the historical cost convention, |
modified to include the revaluation of freehold properties and to include investment |
properties and certain financial instruments at fair value. The principal accounting |
policies adopted are set out below. |
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The company has taken advantage of the exemption under section 399 of the |
Companies Act 2006 not to prepare consolidated accounts, on the basis that the |
group of which this is the parent qualifies as a small group. The financial statements |
present information about the company as an individual entity and not about its |
group. |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Turnover |
Turnover is recognised at the fair value of the consideration received or receivable |
for goods and services provided in the normal course of business, and is shown net |
of VAT and other sales related taxed. The fair value of consideration takes into |
account trade discounts, settlement discounts and volume rebates. |
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When cash inflows are deferred and represent a financing arrangement, the fair |
value of the consideration is the present value of the future receipts. The difference |
between the fair value of the consideration and the nominal amount received is |
recognised as interest income. |
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Revenue from contracts for the provision of professional and other services is |
recognised by reference to the stage of completion when the stage of completion, |
costs incurred and costs to complete can be estimated reliably. The stage of |
completion is calculated by comparing costs incurred, mainly in relation to |
contractual hourly staff rates and materials, as a proportion of total costs. Where the |
outcome cannot be estimated reliably, revenue is recognised only to the extent of |
the expenses recognised that are recoverable. |
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Tangible fixed assets |
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Freehold property | - |
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The gain or loss arising on the disposal of an asset is determined as the difference |
between the sale proceeds and the carrying value of the asset, and is credited or |
charged to the profit and loss. |
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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 statement of financial |
position date. |
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CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but |
not reversed at the statement of financial position 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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Impairment of fixed assets |
At each reporting period end date, the company reviews the carrying amounts of its |
tangible and intangible assets to determine whether there is any indication that those |
assets have suffered an impairment loss. If such an indication exists, the |
recoverable amount of the asset is estimated in order to determine the extent of the |
impairment loss (if any). Where it is not possible to estimate the recoverable amount |
of an individual asset, the company estimates the recoverable amount of the |
cash-generating unit to which the asset belongs. |
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Recoverable amount is the higher of fair value less costs to sell and value in use. In |
assessing value in use, the estimated future cash flows are discounted to their |
present value using a pre-tax discount rate that reflects current market assessments |
of the time value of money and the risks specific to the asset for which the estimates |
of future cash flows have not been adjusted. |
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If the recoverable amount of an asset (or cash-generating unit) is estimated to be |
less than its carrying amount, the carrying amount of the asset (or cash-generating |
unit) is reduced to its recoverable amount. An impairment loss is recognised |
immediately in profit or loss, unless the relevant asset is carried at a revalued |
amount, in which case the impairment loss is treated as a revaluation decrease. |
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Recognised impairment losses are reversed if, and only if, the reasons for the |
impairment loss have ceased to apply. Where an impairment loss subsequently |
reverses, the carrying amount of the asset (or cash-generating unit) is increased to |
the revised estimate of its recoverable amount, but so that the increased carrying |
amount does not exceed the carrying amount that would have been determined had |
no impairment loss been recognised for the asset (or cash-generating unit) in prior |
years. A reversal of an impairment loss is recognised immediately in profit or loss, |
unless the relevant asset is carried at a revalued amount, in which case the reversal |
of the impairment loss is treated as a revaluation increase. |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial |
Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all of its |
financial instruments. |
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Financial instruments are recognised in the company's statement of financial position |
when the company becomes party to the contractual provision of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the |
financial statements, when there is a legally enforceable right to set off the |
recognised amounts and there is an intention to settle on a net basis or to realise the |
asset and settle the liability simultaneously. |
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Basic financial assets |
Basic financial assets, which include debtors and cash and bank balances, are |
initially measured at transaction price including transaction costs and are |
subsequently carried at amortised cost using the effective interest method unless the |
arrangement constitutes a financing transaction, where the transaction is measured |
at the present value of the future receipts discounted at a market rate of interest. |
Financial assets classified as receivable within one year are not amortised. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance |
of the contractual arrangements entered into. An equity instrument is any contract |
that evidences a residual interest in the assets of the company after deducting all of |
its liabilities. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, loans from fellow group |
companies and preference shares that are classified as debt, are initially recognised |
at transaction price unless the arrangement constitutes a financing transaction, |
where the debt instrument in measured at the present value of the future payments |
discounted at a market rate of interest. Financial liabilities classified as payable |
within one year are not amortised. |
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Debt instruments are subsequently carried at amortised cost, using the effective |
interest rate method. |
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Trade creditors are obligations to pay for goods or services that have been acquired |
in the ordinary course of business from suppliers. Amounts payable are classified as |
current liabilities if payment is due within one year or less. If not, they are presented |
as non-current liabilities. Trade creditors are recognised initially at transaction price |
and subsequently measured at amortised cost using the effective interest method. |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions |
payable to the company's pension scheme are charged to profit or loss in the period |
to which they relate. |
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Fixed asset investments |
Interests in subsidiaries, associates and jointly controlled entities are initially |
measured at cost and subsequently measured at cost less any accumulated |
impairment losses. The investments are assessed for impairment at each reporting |
date and any impairment losses or reversals of impairment losses are recognised |
immediately in profit or loss. |
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A subsidiary is an entity controlled by the company. Control is the power to govern |
the financial and operating policies of the entity so as to obtain benefits from its |
activities. |
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An associate is an entity, bein neither a subsidiary nor a joint venture, in which the |
company holds a long-term interest and where the company has significant |
influence. The company considers that it has significant influence where it has the |
power to participate in the financial and operating decisions of the associate. |
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Entities in which the company has a long-term interest and shares control under a |
contractual arrangement are classified as jointly controlled entities. |
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Cash at bank and in hand |
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. |
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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 on the company |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2017 - 2 ). |
CALL TO THE BAR LIMITED (REGISTERED NUMBER: 08678970) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 October 2017 |
and 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 October 2017 |
and 30 September 2018 | 4,599,250 |
NET BOOK VALUE |
At 30 September 2018 | 4,599,250 |
At 30 September 2017 | 4,599,250 |
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The company has a 100% investment of a subsidiary company which is currently |
valued at cost price. |
CALL TO THE BAR LIMITED |
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Report of the Accountants to the Directors of |
Call To The Bar Limited |
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The following reproduces the text of the report prepared for the directors in respect |
of the company's annual unaudited financial statements. In accordance with the |
Companies Act 2006, the company is only required to file a Statement of Financial |
Position. Readers are cautioned that the Income Statement and certain other |
primary statements and the Report of the Directors are not required to be filed with |
the Registrar of Companies. |
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As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2018 set out on pages nil to nil and you consider that the company is exempt from an audit. |
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In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
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1a The Quadrant Courtyard |
Quadrant Way |
Weybridge |
Surrey |
KT13 8DR |
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Date: ............................................. |