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CHARLOTTE STREET PARTNERS LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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CHARLOTTE STREET PARTNERS LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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CHARLOTTE STREET PARTNERS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Tax Advisers and Accountants |
5 Melville Crescent |
Edinburgh |
EH3 7JA |
CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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ABRIDGED BALANCE SHEET |
31ST DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings |
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( |
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SHAREHOLDERS' FUNDS |
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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. |
CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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ABRIDGED BALANCE SHEET - continued |
31ST DECEMBER 2016 |
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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 on
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CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Charlotte Street Partners Limited 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 principal activity of the business continued to be that of public relations and communications consultants. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received, or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. Income is recognised when the future economic benefits can be reliably |
measured. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Office Equipment | - |
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Fixtures and fittings | - |
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Taxation |
Taxation for the year 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 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 year 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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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. |
CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Investments |
Investments held in associated companies are held as fixed assets, shown at cost less any impairment. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 31st December 2016 |
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AMORTISATION |
Amortisation for year |
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At 31st December 2016 |
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NET BOOK VALUE |
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At 31st December 2016 |
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5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st January 2016 |
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Additions |
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At 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
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Charge for year |
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At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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CHARLOTTE STREET PARTNERS LIMITED (REGISTERED NUMBER: SC450325) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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6. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1st January 2016 |
and 31st December 2016 | 45 |
NET BOOK VALUE |
At 31st December 2016 | 45 |
At 31st December 2015 | 45 |
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Investment is held in Frame Creative PR Ltd, an associated company registered in Scotland. |
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7. | OTHER FINANCIAL COMMITMENTS |
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At the year end the company had future operating lease commitments of £30,000 (2015 - £70,980), and the |
amount due for pension contributions, to an independently administered pension fund, was £10,203 (2015 - |
£1,463). |
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8. | RELATED PARTY DISCLOSURES |
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At the balance sheet date £32,488 is included in debtors as an amount due from Frame Creative PR Ltd, an |
associated company.The amount due is interest free and repayable on demand. |
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9. | FIRST YEAR ADOPTION |
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This is the first year of adoption of FRS 102 Section 1A. The company previously prepared accounts under the |
Financial Reporting Standard for Smaller Entities (FRSSE). There are no restatements of balances arising on the |
transition to FRS 102 Section 1A. |
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