REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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16 August 2019 to 28 February 2020 |
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for |
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BARON CAPITAL MANAGEMENT UK LIMITED |
REGISTERED NUMBER:
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Financial Statements |
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for the Period |
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16 August 2019 to 28 February 2020 |
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for |
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BARON CAPITAL MANAGEMENT UK LIMITED |
BARON CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 12160343) |
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Contents of the Financial Statements |
for the Period 16 August 2019 to 28 February 2020 |
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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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BARON CAPITAL MANAGEMENT UK LIMITED |
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Company Information |
for the Period 16 August 2019 to 28 February 2020 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Auditors: |
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Chartered Accountants and Statutory Auditors |
12 Old Mills Industrial Estate |
Paulton |
BS39 7SU |
BARON CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 12160343) |
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Balance Sheet |
28 February 2020 |
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Notes | $ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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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 | 6 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 Board of Directors and authorised for issue on
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BARON CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 12160343) |
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Notes to the Financial Statements |
for the Period 16 August 2019 to 28 February 2020 |
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1. | Statutory information |
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Baron Capital Management UK Limited is a
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The presentation currency of the financial statements is the US Dollar ($). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. |
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Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. |
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Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
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Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. |
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Basic financial liabilities |
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price. |
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Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price. |
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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 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 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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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. |
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3. | Employees and directors |
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The average number of employees during the period was
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BARON CAPITAL MANAGEMENT UK LIMITED (REGISTERED NUMBER: 12160343) |
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Notes to the Financial Statements - continued |
for the Period 16 August 2019 to 28 February 2020 |
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4. | Debtors: amounts falling due within one year |
$ |
Rent deposit | 11,776 |
Called up share capital not paid |
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Accrued Income |
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Prepayments |
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5. | Creditors: amounts falling due within one year |
$ |
Corporation Tax | 8,466 |
Social security and other taxes |
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Accrued expenses |
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6. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | $ |
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Ordinary | £1 | 1 |
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7. | Disclosure under Section 444(5B) of the Companies Act 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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8. | Ultimate controlling party |
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The company is a wholly owned subsidiary of Baron Capital Group Inc. a company incorporated in the United States of America. It is the opinion of the directors that there is no one ultimate controlling party. |