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Unaudited Financial Statements for the Year Ended 31 May 2020 |
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Concept Developments (Portmore) Ltd |
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Unaudited Financial Statements for the Year Ended 31 May 2020 |
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Concept Developments (Portmore) Ltd |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2020 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Concept Developments (Portmore) Ltd |
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Company Information |
for the Year Ended 31 May 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Grove House |
1 Grove Place |
Bedford |
Bedfordshire |
MK40 3JJ |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Statement of Financial Position |
31 May 2020 |
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31.5.20 | 31.5.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Allotted, called up and fully |
paid share capital |
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Retained earnings |
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The director acknowledges his 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. |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Statement of Financial Position - continued |
31 May 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2020 |
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1. | STATUTORY INFORMATION |
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Concept Developments (Portmore) Ltd is a
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The company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The director considers that the going concern basis is not appropriate as it is probable that the company will be |
dissolved within one year. Accordingly all assets and liabilities are shown at what is considered to be their fair |
market values. |
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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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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, 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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST OR VALUATION |
At 1 June 2019 |
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Disposals | ( |
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Revaluations |
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At 31 May 2020 |
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DEPRECIATION |
At 1 June 2019 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 May 2020 |
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NET BOOK VALUE |
At 31 May 2020 |
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At 31 May 2019 |
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Cost or valuation at 31 May 2020 is represented by: |
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Fixtures |
and |
fittings |
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Valuation in 2020 | 29,875 |
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The fixed assets have been revalued to show the director's estimation of their fair value. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
VAT |
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7. | CURRENT ASSET INVESTMENTS |
31.5.20 | 31.5.19 |
£ | £ |
Shares in group undertakings |
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Concept Developments (Portmore) Ltd (Registered number: 09594072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Other loans |
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Amounts owed to group undertakings |
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Tax |
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Other creditors |
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Accrued expenses |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.5.20 | 31.5.19 |
£ | £ |
Other loans |
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Close Brothers Limited hold a legal charge dated 28 April 2017 over the company's freehold property known as |
land on the west side of Portmore Park Road, Weybridge, Surrey, in respect of all monies due to them. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company's parent is MAT Developments (Winchester) Ltd, a company registered in England and Wales |
whose principal place of business is 274 Kimbolton Road, Bedford, MK41 8AD. |