Registered number:
UNAUDITED
FOR THE PERIOD ENDED 31 MARCH 2018
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SHANGRI-LA COUNTRY PARK LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHANGRI-LA COUNTRY PARK LIMITED
FOR THE PERIOD ENDED 31 MARCH 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shangri-La Country Park Limited for the period ended 31 March 2018 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/
members/regulations-standards-and-guidance/
.
This report is made solely to the director of Shangri-La Country Park Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely
to prepare for your approval the financial statements of Shangri-La Country Park Limited and state those matters that we have agreed to state to him in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shangri-La Country Park Limited and its director for our work or for this report.
It is your duty to ensure that Shangri-La Country Park 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 profit or loss of Shangri-La Country Park Limited. You consider that Shangri-La Country Park Limited is exempt from the statutory audit requirement for the period.
Chartered Accountants
Tennyson House
Cambridge Business Park
CB4 0WZ
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SHANGRI-LA COUNTRY PARK LIMITED
REGISTERED NUMBER:
10834039
BALANCE SHEET
AS AT
31 MARCH 2018
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SHANGRI-LA COUNTRY PARK LIMITED
REGISTERED NUMBER:
10834039
BALANCE SHEET
(CONTINUED)
AS AT
31 MARCH 2018
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
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SHANGRI-LA COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
Shangri-La Country Park Limited is a company limited by shares incorporated in England and Wales. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridgeshire, CB4 0WZ. The principal activity of The Company is that of a holiday home park, it was incorporated on the 23 June 2017 and has not begun trading.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's's accounting policies.
The Company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
The accounts have been prepared on the going concern basis which is considered appropriate, assuming the continued financial support of the parent company.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. No depreciation has been provided on land and buildings as the property is maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material, and therefore is not charged to the profit and loss account.
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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SHANGRI-LA COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
2.
Accounting policies (continued)
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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SHANGRI-LA COUNTRY PARK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
During the year 200 Ordinary Shares were issued and paid at par for cash consideration.
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