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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 May 2017 to 30 June 2018 |
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for |
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The Cheeky Panda Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 May 2017 to 30 June 2018 |
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for |
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The Cheeky Panda Limited |
The Cheeky Panda Limited (Registered number: 09936357) |
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Contents of the Financial Statements |
for the period 1 May 2017 to 30 June 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Certified Accountants' Report | 6 |
The Cheeky Panda Limited |
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Company Information |
for the period 1 May 2017 to 30 June 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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Suite 345 |
50 Eastcastle Street |
Fitzrovia |
London |
W1W 8EA |
The Cheeky Panda Limited (Registered number: 09936357) |
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Balance Sheet |
30 June 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Share premium |
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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. |
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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
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The Cheeky Panda Limited (Registered number: 09936357) |
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Notes to the Financial Statements |
for the period 1 May 2017 to 30 June 2018 |
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1. | STATUTORY INFORMATION |
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The Cheeky Panda Limited is a
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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. | 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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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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Trademarks, along with associated costs, are being amortised evenly over their expected life of ten years. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset |
and the costs attributable to bringing the asset to its working condition for its intended use. |
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Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of |
each asset on a systematic basis over its expected useful life as follows: |
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Fixtures and fittings | - 20% on cost |
Computer equipment | - 25% on cost |
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Grants |
The company recognises grants based on the performance model accounting. The grant is recognised within income upon |
satisfaction of the performance-related conditions attached to the grant. |
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If a grant does not impose specified future performance-related conditions, the income is recognised in full when the grant |
proceeds are received or receivable. |
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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 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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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. |
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. |
Exchange differences are taken into account in arriving at the operating result. |
The Cheeky Panda Limited (Registered number: 09936357) |
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Notes to the Financial Statements - continued |
for the period 1 May 2017 to 30 June 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Share capital |
Ordinary shares are classed as equity. |
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Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from |
impairment are recognised in the Income Statement. |
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Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown |
within borrowings in current liabilities. |
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Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are |
measured at amortised cost using the effective interest rate method, less impairment. |
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Operating leases |
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of |
the lease. |
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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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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 May 2017 |
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Additions |
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At 30 June 2018 |
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AMORTISATION |
Charge for period |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 April 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
Additions |
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At 30 June 2018 |
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DEPRECIATION |
Charge for period |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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The Cheeky Panda Limited (Registered number: 09936357) |
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Notes to the Financial Statements - continued |
for the period 1 May 2017 to 30 June 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Other loans |
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The loan in other loans is secured against the assets of the company to the value of £50,500. |
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Furthermore, Gapcap Limited hold a fixed and floating charge over the assets of the company. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
Value: | £ | £ |
1,218,116 | Ordinary | £0.00001 | 12 | 11 |
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On the 25 September 2017, the 1,100 Ordinary shares in issue, with a nominal value of £0.01, were sub-divided into |
1,100,000 Ordinary Shares with a nominal value of £0.00001 per share. |
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On 27 September 2017, 118,116 shares with a nominal value of £0.00001 were issued at a premium of £4.22999 per share. |
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10. | OTHER FINANCIAL COMMITMENTS |
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At the balance sheet date, the company had non-cancellable operating lease commitments totalling £1,760 (2017: Nil). |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
The Cheeky Panda 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 Balance Sheet. |
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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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements |
of The Cheeky Panda Limited for the period ended 30 June 2018 which comprise the Income Statement, Balance Sheet, Statement of |
Changes in Equity and the related notes from the company's accounting records and from information and explanations you have |
given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the Board of Directors of The Cheeky Panda Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Cheeky Panda Limited and state those matters that we have agreed to state to the Board of Directors of The Cheeky Panda Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that The Cheeky Panda Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Cheeky Panda Limited. You consider that The Cheeky Panda Limited is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of The Cheeky Panda Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Suite 345 |
50 Eastcastle Street |
Fitzrovia |
London |
W1W 8EA |
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