Registration number:
for the Year Ended
Wild Wonders of Europe Limited
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Wild Wonders of Europe Limited
Company Information
Directors |
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Company secretary |
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Registered office |
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Accountants |
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Wild Wonders of Europe Limited
Directors' Report for the Year Ended 31 December 2015
The directors present their report and the unaudited financial statements for the year ended 31 December 2015 .
Principal activity
Directors of the company
The directors who held office during the year and up to the date of signing these financial statements were as follows:
Small company provisions
The directors have taken advantage of the small companies’ exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the Directors' Report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
Approved by the Board on
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P M Lundgren
Director
Wild Wonders of Europe Limited
Profit and Loss Account
for the Year Ended 31 December 2015
Note |
2015
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2014
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating (loss)/profit |
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Other interest receivable and similar income |
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(Loss)/profit on ordinary activities before taxation |
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(Loss)/profit for the financial year |
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3
Wild Wonders of Europe Limited
(Registration number: SC311424)
Balance Sheet at 31 December 2015
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2015
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2014
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Fixed assets |
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Tangible fixed assets |
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- |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank |
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Creditors: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholder's deficit |
( |
( |
Approved and authorised for issue by the Board on
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P M Lundgren
Director
4
Wild Wonders of Europe Limited
Notes to the Financial Statements
for the Year Ended 31 December 2015
(continued)
Accounting policies |
Going concern
Basis of preparation
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement under Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Tangible fixed assets
Tangible fixed assets are recorded at historical cost less accumulated depreciation. Cost comprises the purchase price together with all expenses directly incurred in bringing the asset to its location and condition ready for use.
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Fixtures, fittings and equipments |
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Stock
Wild Wonders of Europe Limited
Notes to the Financial Statements
for the Year Ended 31 December 2015
(continued)
1 |
Accounting policies (continued) |
Taxation
Foreign currency
Financial instruments
Operating profit/( loss) |
Operating (loss)/profit is stated after (crediting)/charging:
2015
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2014
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Foreign currency (gains)/losses |
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( |
Directors' remuneration |
The directors' remuneration for the year was as follows:
2015
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2014
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Directors' fees |
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Wild Wonders of Europe Limited
Notes to the Financial Statements
for the Year Ended 31 December 2015
(continued)
Taxation |
Tax on (loss)/profit on ordinary activities
2015
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2014
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Total tax on loss/profit on ordinary activities |
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Factors affecting current tax charge for the year
2015
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2014
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(Loss)/profit on ordinary activities before taxation |
( |
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Corporation tax at standard rate of 20% |
( |
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Unrelieved tax losses carried forward |
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- |
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Utilisation of tax losses |
- |
( |
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Total current tax |
- |
- |
Factors that may affect future tax charges
Tax losses available against future trading profits amount to £314,000 (2014 - £310,000).
Tangible fixed assets |
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Fixtures and fittings
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Cost |
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At 1 January 2015 and at 31 December 2015 |
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Depreciation |
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At 1 January 2015 and at 31 December 2015 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
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Wild Wonders of Europe Limited
Notes to the Financial Statements
for the Year Ended 31 December 2015
(continued)
Debtors |
2015
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2014
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Trade debtors |
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Other debtors |
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Accrued income |
5,622 |
1,456 |
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Creditors: Amounts falling due within one year |
2015
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2014
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Trade creditors |
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Other taxes and social security |
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Other creditors |
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Accrued expenses |
313,325 |
313,325 |
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Share capital |
Allotted and called up shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Wild Wonders of Europe Limited
Notes to the Financial Statements
for the Year Ended 31 December 2015
(continued)
Reserves |
Profit and loss account
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At 1 January 2015 |
(322,971) |
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Loss for the year |
(3,706) |
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At 31 December 2015 |
(326,677) |
Related party transactions |
During the year, a director, C S F Widstrand charged the company a total of £21,206 (2014 - £60,984) in respect of management fees and reimbursed expenses. The amount owed by the company to C S F Widstrand as at 31 December 2015 was £198,746 (2014 - £198,746) and is included in creditors falling due within one year. The amount owed is interest free, unsecured and has no fixed repayment schedule or repayment date.
The amount owed by the company to F Mollers as at 31 December 2015 was £67,317 (2014 - £67,317) and is included in creditors falling due within one year. The amount owed is interest free, unsecured and has no fixed repayment schedule or repayment date.
The amount owed by the company to B Wijnberg, a director, as at 31 December 2015 was £20,572 (2014 - £20,572) and is included in creditors falling due within one year. The amount owed is interest free, unsecured and has no repayment schedule or repayment date.
The amount owed by the company to M Lundgren as at 31 December 2015 was £22,295 (2014: £22,295) and is included in creditors falling due within one year. The amount owed is interest free, unsecured and has no repayment schedule or repayment date.
Control |