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Unaudited Financial Statements for the Year Ended 31st May 2019 |
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Banktrade United Kingdom Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31st May 2019 |
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for |
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Banktrade United Kingdom Ltd |
Banktrade United Kingdom Ltd (Registered number: 10756018) |
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Contents of the Financial Statements |
for the Year Ended 31st May 2019 |
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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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Banktrade United Kingdom Ltd |
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Company Information |
for the Year Ended 31st May 2019 |
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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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6 Snow Hill |
London |
EC1A 2AY |
Banktrade United Kingdom Ltd (Registered number: 10756018) |
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Balance Sheet |
31st May 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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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 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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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 director on
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Banktrade United Kingdom Ltd (Registered number: 10756018) |
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Notes to the Financial Statements |
for the Year Ended 31st May 2019 |
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1. | STATUTORY INFORMATION |
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Banktrade United Kingdom Ltd 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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Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the contractual |
arrangements entered into. An equity instruments is any contract that evidences a residual interest in the assets of |
the entity after deducting all of its financial liabilities. |
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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 included in the |
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding |
liability. |
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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 are distributions relating to equity instruments are debited |
directly to equity. |
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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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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. |
Banktrade United Kingdom Ltd (Registered number: 10756018) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st May 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | OFF-BALANCE SHEET ARRANGEMENTS |
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At 31 May 2019, the company had contractual commitments contracted for but not provided for in these financial |
statements of £453,446. |
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7. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of FRS 102 Section 1A 'Related party disclosure' as the company is 100% |
owned subsidiary of Banktrade B.V. Banktrade B.V, consolidated financial statements of which are publicly |
available from the registered office, stationsstraat 4-B, 3851 NH, Ermelo The Netherlands. |
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8. | ULTIMATE CONTROLLING PARTY |
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Banktrade B. V, an entity incorporated in The Netherlands, registered office, Stationsstraat 4-B, 3851 NH, Ermelo |
The Netherlands, is the parent undertaking of the smallest group for which group accounts are drawn for the year |
ended 31 December 2019. |