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REGISTERED NUMBER:
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THE FOSTER PARTNERSHIP LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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REGISTERED NUMBER:
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THE FOSTER PARTNERSHIP LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE FOSTER PARTNERSHIP LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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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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Chartered Certified Accountants |
424 Margate Road |
Westwood |
Ramsgate |
Kent |
CT12 6SJ |
THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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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. |
THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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BALANCE SHEET - continued |
31 MARCH 2017 |
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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
by: |
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THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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The Foster Partnership Limited is a
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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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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 |
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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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Taxation |
Taxation for the period 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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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 period 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
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COST |
Additions |
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At 31 March 2017 |
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AMORTISATION |
Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 March 2017 |
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DEPRECIATION |
Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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THE FOSTER PARTNERSHIP LIMITED (REGISTERED NUMBER: 09730960) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2016 TO 31 MARCH 2017 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdraft |
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The bank overdraft is secured by a fixed and floating charge to cover all the property and undertaking of the |
company. |
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10. | OTHER FINANCIAL COMMITMENTS |
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At 31 March 2017 the company was occupying various premises on leases as follows: |
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Rent of £18,000 per annum, on a 15 year lease to 18 May 2019 |
Rent of £14,500 per annum, on a 25 year lease to 25 March 2041 |
Rent of £10,000 per annum, on a 5 year lease to 1 March 2018 |
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11. | RELATED PARTY DISCLOSURES |
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On 28 November 2016 the company acquired intellectual property for £234,000 in a supplemental agreement |
with a director. This cost is included in note 5 of the accounts. |