COMPANY REGISTRATION NUMBER:
10308423
Filleted Unaudited Financial Statements
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Period from 2 August 2016 to 31 October 2017
Statement of financial position
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1
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Notes to the financial statements
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2
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Statement of Financial Position
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31 October 2017
Fixed assets
Current assets
Cash at bank and in hand
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500
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Creditors: amounts falling due within one year
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5
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500
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--------
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Total assets less current liabilities
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20,100
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Creditors: amounts falling due after more than one year
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6
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20,000
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Net assets
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100
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Capital and reserves
Called up share capital
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100
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----
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Shareholders funds
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100
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----
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 May 2018
, and are signed on behalf of the board by:
Company registration number:
10308423
Notes to the Financial Statements
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Period from 2 August 2016 to 31 October 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is XHI Accounting Limited, 4.10, United House, North Road, N7 9DP, United Kingdom.
The principal activity of the company during the year was that of holding company for the Petherton Group of companies.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Investments
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Shares in group undertakings
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£
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Cost
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At 2 August 2016
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–
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Additions
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20,100
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At 31 October 2017
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20,100
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Impairment
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At 2 August 2016 and 31 October 2017
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–
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--------
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Carrying amount
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At 31 October 2017
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20,100
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5.
Creditors:
amounts falling due within one year
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31 Oct 17
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£
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Other creditors
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500
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6.
Creditors:
amounts falling due after more than one year
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31 Oct 17
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£
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Other creditors
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20,000
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7.
Related party transactions
The company was under the control of
Mr J Hazzlewood
and Mr M Bennington throughout the current and previous year. This is via their co-directorship and aggregate majority shareholding. On 8th March 2017 the company issued shares in the company to the co-owners of Return Marketing Limited (RM) in exchange for 100% of the share capital of RM making RM a wholly owned subsidiary of the company as part of a restructure. During the year, the company received a sum of £74,172 in dividends from RM. Included within the financial statements are the following inter-company balances: Other Creditors: £20,000.