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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED |
TRADING AS |
BTR INTERNATIONAL |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED |
TRADING AS |
BTR INTERNATIONAL |
BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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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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BREACHWOOD TRANSPORT & REMOVALS LIMITED |
TRADING AS BTR INTERNATIONAL |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
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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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SENIOR STATUTORY
AUDITOR: |
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AUDITORS: |
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Church View Chambers |
38 Market Square |
Toddington |
Bedfordshire |
LU5 6BS |
BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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BALANCE SHEET |
31 MARCH 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES |
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( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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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 Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Breachwood Transport & Removals Limited is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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The turnover shown in the profit and loss account represents amounts invoiced during the year, |
exclusive of Value Added Tax. |
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In respect of long-term contracts and contracts for on-going services, turnover represents the value of |
work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term |
contracts and contracts for on-going services is recognised by reference to the stage of completion. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Office equipment | - |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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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 have been |
enacted or substantively enacted by the balance sheet date. |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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2. | ACCOUNTING POLICIES - continued |
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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held |
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is |
the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The |
capital element of the future payments is treated as a liability. |
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Assets held under hire purchase agreements are capitalized and disclosed under tangible fixed assets |
at their fair value. the capital element of the future payments is treated as a liability and the interest is |
charged to the profit and loss account on a straight line basis. |
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Where the company enters into a lease which entails taking substantially all the risks and rewards of |
ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet |
as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future |
under instalments such leases, net of finance charges, are included within creditors. Rentals payable |
are apportioned between the finance element, which is charged to the profit and loss account on a |
straight line basis, and the capital element which reduces the outstanding obligation for future |
instalments. |
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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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Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership |
remain with the lessor are charged against profits on a straight line basis over the period of the lease. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
is any contract that evidences a residual interest in the assets of the company after deducting all of its |
liabilities. |
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Going concern |
The accounts are prepared on a going concern basis due to the continued support of the parent |
company. |
BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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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. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and | Motor | Office |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2017 |
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Additions |
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Disposals |
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( |
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( |
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At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal |
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( |
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( |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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4. | PROPERTY, PLANT AND EQUIPMENT - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 April 2017 |
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Additions |
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Disposals | ( |
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Transfer to ownership | (23,750 | ) |
At 31 March 2018 |
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DEPRECIATION |
At 1 April 2017 |
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Charge for year |
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Eliminated on disposal | ( |
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Transfer to ownership | (17,018 | ) |
At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Trade debtors |
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Other debtors |
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Tax |
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Deferred tax asset |
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Prepayments and accrued income |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts (see note 8) |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans over 5 years |
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Hire purchase contracts (see note 8) |
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Other creditors | 105,976 | 171,011 |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Bank loans over 5 years | 14,859 | 21,859 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase |
contracts |
31.3.18 | 31.3.17 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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BREACHWOOD TRANSPORT & REMOVALS LIMITED (REGISTERED NUMBER: 00722110) |
TRADING AS BTR INTERNATIONAL |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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8. | LEASING AGREEMENTS - continued |
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Non-cancellable |
operating leases |
31.3.18 | 31.3.17 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.3.18 | 31.3.17 |
£ | £ |
Bank overdrafts |
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Bank loans |
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Hire purchase contracts | 142,121 | 231,469 |
Other creditors | 120,557 | 195,544 |
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The bank borrowings are guaranteed by former directors up to a limit of £312,200. |
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The hire purchase contracts are secured by fixed assets financed under the agreements. |
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The other creditors represents invoice financing which is secured against trade debtors. |
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10. | 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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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Writer Business Services Private Limited, a company incorporated in |
India with registered address: 105, Dr B Ambedkar Road, Lalbaug, Mumbai, 400 033. |