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Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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L Anderton (UK) Ltd |
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Financial Statements |
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for the Year Ended 31 March 2020 |
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for |
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L Anderton (UK) Ltd |
L Anderton (UK) Ltd (Registered number: 07577087) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2020 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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L Anderton (UK) Ltd |
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Company Information |
for the Year Ended 31 March 2020 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Chancery House |
30 St Johns Road |
Woking |
Surrey |
GU21 7SA |
L Anderton (UK) Ltd (Registered number: 07577087) |
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Statement of Financial Position |
31 March 2020 |
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31/3/20 | 31/3/19 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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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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Fair value reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
L Anderton (UK) Ltd (Registered number: 07577087) |
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Statement of Financial Position - continued |
31 March 2020 |
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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 director and authorised for issue on
by: |
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L Anderton (UK) Ltd (Registered number: 07577087) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2020 |
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1. | STATUTORY INFORMATION |
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L Anderton (UK) 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in associates |
Investments in associates are initially measured at cost and subsequently measured at fair value whilst a reliable |
measure of fair value is available without undue cost or effort. Changes in fair value are recognised in profit or |
loss. |
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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, in full, to all of its financial instruments. |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual |
provisions of the instrument, and are offset only when the Company currently has a legally enforceable right to |
set off the recognised amounts and intends either to settle on a net basis, or to realise the asset and settle the |
liability simultaneously. |
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Financial assets |
A provision for impairment of debtors is established when there is objective evidence that the amounts due will |
not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss |
for the excess of the carrying value of the debtor over the present value of the future cash flows discounted using |
the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event |
occurring after the impairment loss was recognised, are recognised immediately in profit or loss. |
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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 statement of financial position date. |
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L Anderton (UK) Ltd (Registered number: 07577087) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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5. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
Cost or valuation |
At 1 April 2019 |
and 31 March 2020 |
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Net book value |
At 31 March 2020 |
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At 31 March 2019 |
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Cost or valuation at 31 March 2020 is represented by: |
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Interest |
in |
associate |
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Valuation in 2017 | 49,960 |
Cost | 40 |
50,000 |
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If fixed asset investments had not been revalued they would have been included at the following historical cost: |
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31/3/20 | 31/3/19 |
£ | £ |
Cost | 40 | 40 |
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Fixed asset investments were valued on an open market basis on 31 March 2020 by the director . |
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6. | DEBTORS |
31/3/20 | 31/3/19 |
£ | £ |
Amounts falling due within one year: |
Other debtors |
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L Anderton (UK) Ltd (Registered number: 07577087) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2020 |
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6. | DEBTORS - continued |
31/3/20 | 31/3/19 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/20 | 31/3/19 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the year, the director was loaned £130,000 and this was due to the company at the year end. Interest was |
applied at the market rate of 2.5%. |