|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MAISON SASSY UK LIMITED |
|
Financial Statements |
|
for the Year Ended 31 December 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MAISON SASSY UK LIMITED |
|
Financial Statements |
|
for the Year Ended 31 December 2020 |
|
|
|
|
|
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Contents of the Financial Statements |
for the year ended 31 December 2020 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
MAISON SASSY UK LIMITED |
|
Company Information |
for the year ended 31 December 2020 |
|
|
|
|
|
|
|
Directors: |
|
|
|
|
|
|
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
Registered number: |
|
|
|
|
|
|
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Balance Sheet |
31 December 2020 |
|
2020 | 2019 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 5 |
|
|
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
|
Creditors |
Amounts falling due after more than one
year |
6 |
|
|
Net liabilities | ( |
) | ( |
) |
|
Capital and reserves |
Called up share capital | 7 |
|
|
Retained earnings | 8 | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
|
|
|
|
|
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. |
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Balance Sheet - continued |
31 December 2020 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Notes to the Financial Statements |
for the year ended 31 December 2020 |
|
|
1. | Statutory information |
|
Maison Sassy Uk Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number and registered office address can be found on the Company Information page. |
|
2. | Accounting policies |
|
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
The accounts are presented in Sterling (£). |
|
Amounts in these financial statements are rounded to the nearest £. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Turnover represents amounts receivable for goods provided in the year and is stated net of VAT. |
|
Government grants |
Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss |
|
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. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
|
|
2. | Accounting policies - continued |
|
Going concern |
These financial statements have been prepared on a going concern basis. |
|
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks including an assessment on uncertainty on future trading projection for a period of at least 12 months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis. The Company has confirmed with the parent Company that they will continue to support and fund the company where needed for the foreseeable future. Without this, the Company cannot continue. |
|
Based on assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations and external debt liabilities. |
|
In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses on these assets which would affect their decision to adopt the going concern basis. |
|
The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements. |
|
COVID-19 |
|
The directors acknowledge the current outbreak of COVID-19 which is causing economic disruption in most countries and its potentially adverse economic impact on the Company. This is an additional risk factor which could impact the operations of the Company after year end. |
|
The directors are actively monitoring developments closely. Given the nature of the outbreak and the on-going developments, there is a high degree of uncertainty and it is not possible at this time to predict the extent and nature of the overall future impact on the Company. |
|
3. | Employees and directors |
|
The average number of employees during the year was
|
|
4. | Debtors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Trade debtors |
|
|
VAT |
|
|
|
|
MAISON SASSY UK LIMITED (REGISTERED NUMBER: 11261583) |
|
Notes to the Financial Statements - continued |
for the year ended 31 December 2020 |
|
|
5. | Creditors: amounts falling due within one year |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Amounts owed to group undertakings |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
Directors' loan accounts | 61,413 | - |
Accruals and deferred income |
|
|
|
|
|
6. | Creditors: amounts falling due after more than one year |
2020 | 2019 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
Bank loans more than 5 years |
by instalments |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more than 5 years |
by instalments | 1,152 | - |
1,152 | - |
|
7. | Called up share capital |
|
|
Allotted and issued: |
Number: | Class: | Nominal | 2020 | 2019 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
|
8. | Reserves |
Retained |
earnings |
£ |
|
At 1 January 2020 | ( |
) |
Deficit for the year | ( |
) |
At 31 December 2020 | ( |
) |