REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2020 |
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ALPHA (TEDDINGTON) LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2020 |
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FOR |
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ALPHA (TEDDINGTON) LTD |
ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2020 |
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Company Information | 1 |
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Report of the Accountants | 2 |
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Abridged Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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ALPHA (TEDDINGTON) LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2020 |
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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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6 Elsley Road |
Tilehurst |
Reading |
RG31 6RN |
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TAX ADVISORS: |
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Albion dockside Building |
Hanover Place |
Bristol |
BS1 6UT |
ALPHA (TEDDINGTON) LTD |
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REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
ALPHA (TEDDINGTON) LTD |
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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 Balance Sheet. Readers are cautioned that the Abridged 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2020 set out on pages four to twelve 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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6 Elsley Road |
Tilehurst |
Reading |
RG31 6RN |
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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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ABRIDGED BALANCE SHEET |
30 APRIL 2020 |
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2020 | 2019 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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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 |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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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. |
ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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ABRIDGED BALANCE SHEET - continued |
30 APRIL 2020 |
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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 and authorised for issue on
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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2020 |
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1. | STATUTORY INFORMATION |
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Alpha (Teddington) Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Goodwill |
As a departure from FRS102 Section 19 the members have not amortised goodwill in these financial statements. This treatment is adopted on the basis of the true and fair override concept in the preparation of financial statements. Veterinary businesses tend to increase in value over time and amortisation of goodwill would be in conflict with this underlying commercial reality. |
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The members will carry out a regular impairment review to confirm whether the current value of goodwill is at least equal to its carrying value. If not, the goodwill will be written down to the lower value determined in the impairment review less residual value. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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All fixed assets are recorded at initial cost. |
In a departure from FRS 102, the freehold property has not been depreciated on the grounds that it would be immaterial because the estimated residual value is not considered to be materially different from the carrying value of the asset. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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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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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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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 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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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 May 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
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At 30 April 2020 |
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At 30 April 2019 |
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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2019 |
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Additions |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Totals |
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COST |
At 1 May 2019 |
and 30 April 2020 | 6,534 |
DEPRECIATION |
At 1 May 2019 | 4,984 |
Charge for year | 388 |
At 30 April 2020 | 5,372 |
NET BOOK VALUE |
At 30 April 2020 | 1,162 |
At 30 April 2019 | 1,550 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 May 2019 |
and 30 April 2020 | 100 |
NET BOOK VALUE |
At 30 April 2020 | 100 |
At 30 April 2019 | 100 |
ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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6. | FIXED ASSET INVESTMENTS - continued |
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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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Registered office: Albion Dockside Building, Albion Dockside Estate, Hanover Place, Bristol, BS1 6UT |
Nature of business:
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Class of shares: | holding |
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2020 |
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£ | £ |
Aggregate capital and reserves |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2020 | 2019 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal |
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8. | LOANS |
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An analysis of the maturity of loans is given below: |
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2020 | 2019 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank loans |
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Amounts falling due between one and two years: |
Bank loans - 1-2 years |
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Amounts falling due between two and five years: |
Bank loans - 2-5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans more 5 yr by instal |
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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Bank overdrafts |
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Bank loans |
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Lloyds Bank PLC hold a fixed and floating charge which covers all the property or undertaking of the company. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
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Ordinary | £1 |
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11. | RESERVES |
Retained |
earnings |
£ |
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At 1 May 2019 |
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Profit for the year |
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At 30 April 2020 |
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12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At the balance sheet date the company owed D R Partridge £24,300 (2019: £54,888). This loan was interest free and without repayment terms. |
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ALPHA (TEDDINGTON) LTD (REGISTERED NUMBER: 09015885) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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13. | RELATED PARTY DISCLOSURES |
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Mr D Partridge is a member of Alpha Claygate Ltd. At the year end Alpha Claygate owed the company £27,305 (2019: £41,673) |
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Mr D Partridge are also a member of North Surrey Veterinary Emergencies Ltd. At the year end the company owed North Surrey Veterinary Emergencies Ltd £86,500 (2019: £47,500). |
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Mr D Partridge is also a member of Molesey Services Ltd. At the year end the company owed Molesey Services Ltd £30,000 (2019: £Nil) |
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Chameleon Henley Ltd is a shareholder and corporate director of the company. At the year end the company owed Chameleon Henley Ltd £473,864 (2019: £411,832). |
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Any transactions between the company, Mr D Partridge, North Surrey Veterinary Emergencies Ltd, Molesey Services Limited, Alpha Claygate Limited and Chameleon Henley Limited are carried out on a commercial basis. |
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14. | ULTIMATE CONTROLLING PARTY |
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The directors are the controlling party by virtue of their controlling shareholding in the company. The ultimate |
controlling party is the same as the controlling party. |