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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 15 MAY 2018 TO 31 MAY 2019 |
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MCP INVESTMENTS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 15 MAY 2018 TO 31 MAY 2019 |
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FOR |
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MCP INVESTMENTS LTD |
MCP INVESTMENTS LTD (REGISTERED NUMBER: 11362918) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2018 TO 31 MAY 2019 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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MCP INVESTMENTS LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 15 MAY 2018 TO 31 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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Chartered Accountants |
1 Kings Avenue |
London |
N21 3NA |
MCP INVESTMENTS LTD (REGISTERED NUMBER: 11362918) |
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STATEMENT OF FINANCIAL POSITION |
31 MAY 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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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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( |
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The director acknowledges his responsibilities for: |
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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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MCP INVESTMENTS LTD (REGISTERED NUMBER: 11362918) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 15 MAY 2018 TO 31 MAY 2019 |
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1. | STATUTORY INFORMATION |
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MCP Investments Ltd 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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Preparation of consolidated financial statements |
The financial statements contain information about MCP Investments Ltd as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make judgements, estimates |
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other |
sources. The estimates and associated assumptions are based on historical experience and other factors that |
are relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised where the revision affects only that period |
or in the period of the revision and future periods where the revision affects both current and future periods. |
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There are no significant judgements or estimates involved in the preparation of the financial statements. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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 statement of financial position 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 |
statement of financial position 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 period 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. |
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Cash and cash equivalent |
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term |
deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid |
investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of |
changes in value. |
MCP INVESTMENTS LTD (REGISTERED NUMBER: 11362918) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 15 MAY 2018 TO 31 MAY 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit |
or loss. |
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Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised |
in profit and loss. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 31 May 2019 |
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NET BOOK VALUE |
At 31 May 2019 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Other creditors |
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5. | CONTINGENT LIABILITIES |
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The subsidiary company has a loan facility agreement and as such the lender has taken a share security charge |
on the company and it also contains a negative pledge. |
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6. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |