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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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Stockopedia Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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Stockopedia Ltd |
Stockopedia Ltd (Registered number: 06367267) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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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 | 4 |
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Stockopedia Ltd |
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Company Information |
for the Year Ended 31 December 2016 |
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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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ACCOUNTANTS: |
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Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Stockopedia Ltd (Registered number: 06367267) |
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Balance Sheet |
31 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 | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Share premium |
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Retained earnings | ( |
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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. |
Stockopedia Ltd (Registered number: 06367267) |
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Balance Sheet - continued |
31 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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Stockopedia Ltd (Registered number: 06367267) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Stockopedia 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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis on the grounds that the shareholders will |
continue to provide sufficient finance to enable the company to continue trading for the foreseeable future. |
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This is the first year in which the financial statements have been prepared under Financial Reporting Standard |
102. The transition from preparing the financial statements in accordance with Financial Reporting Standard for |
Smaller Entities 2015 to Financial Reporting Standard 102 Section 1A has had no material impact on either the |
financial position or the financial performance as previously reported by the company. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax. |
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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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Fixtures and equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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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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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Revenue recognition |
The company invoices subscriptions on a month by month basis. The income from these subscriptions are |
recognised as revenue in the month in which signup occurs. |
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The company also invoices subscriptions for periods up to thirty six months in advance. The income from these |
subscriptions is apportioned and included in revenue in the relevant accounting period to which it relates. |
Revenue relating to future years is included in creditors as deferred income. |
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Intangible fixed assets |
Intangible fixed assets relate to website development costs. These costs are being amortised evenly over their |
estimated useful life of five years. |
Stockopedia Ltd (Registered number: 06367267) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Consolodated accounts |
The company qualifies as a small group and the directors have taken advantage of the exemption provided by |
Section 398 of the Companies Act 2006 not to prepare group financial statements. As such these financial |
statements present information about the company as an individual undertaking only and not about its group. |
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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 |
Development |
costs |
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COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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AMORTISATION |
At 1 January 2016 |
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Amortisation for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
equipment |
£ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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Stockopedia Ltd (Registered number: 06367267) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: India |
Nature of business:
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Class of shares: | holding |
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£ |
Aggregate capital and reserves |
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Profit for the year |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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Directors' current accounts | 89 | - |
Prepayments |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Social security and other taxes |
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VAT |
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Other creditors |
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Directors' current accounts |
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Deferred income |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Directors' loan accounts | 30,854 | 30,854 |
Stockopedia Ltd (Registered number: 06367267) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £.001 | 2,881 | 2,792 |
(2015 - 2,791,758 ) |
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year. |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2016 and |
31 December 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid |
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( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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The loan was unsecured, interest free and repayable on demand. |
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12. | RELATED PARTY DISCLOSURES |
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At the balance sheet date the company owed the director, D G Brickell £36,134 (2015- £36,090). |
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Of the amount due to D G Brickell, £30,854 will only become repayable if the business is sold or when he |
ceases to be involved with the company or a majority vote of the shareholders agree to the repayment of this |
loan. The balance of £5,280 is repayable on demand. The loans are interest free. |
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13. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party. |