for the Period Ended 31 January 2019
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 10 |
for the Period Ended 31 January 2019
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 January 2019
Principal Activities
Political and charitable donations
Additional information
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
Directors
The directors shown below have held office during the whole of the period from 01 February 2018 to 31 January 2019
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 January 2019
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2018 £ |
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Turnover |
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Gross Profit or (Loss) |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
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2018 £ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 January 2019
Notes |
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2018 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 January 2019
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Fixtures and fittings 20% on cost
Computer equipment 33% on cost.
for the Period Ended 31 January 2019
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2018 £ |
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Dividends paid |
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Mr MA Stent: in respect of 1 Ordinary A share £ 50,000 (2018 - £64,860)
Mrs CR Stent: in respect of 1 Ordinary A share £ 50,000 (2018 - £64,860)
Mrs SS Beck: in respect of 1 Ordinary C share £ 5,000 (2018 - £0 )
Total interim dividends £105,000 (2018 - £129,720)
At year end, a final dividend of £31,000 was declared and paid to the directors of the company in respect of the Ordinary A class shares:
Mr MA Stent: in respect of 1 Ordinary A share £ 15,500 (2018 - £0)
Mrs CR Stent: in respect of 1 Ordinary A share £ 15,500 (2018 - £0)
Total interim dividends £ 31,000 (2018 - £0)
Total dividends £136,000 (2018 - £129,720)
for the Period Ended 31 January 2019
Fixtures & fittings | Office equipment | Total | |
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Cost | £ | £ | £ |
At 01 February 2018 |
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Additions |
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Disposals |
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Revaluations | - | - | - |
Transfers | - | - | - |
At 31 January 2019 |
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Depreciation | |||
At 01 February 2018 |
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Charge for year |
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On disposals | - | - | - |
Other adjustments | - | - | - |
At 31 January 2019 |
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Net book value | |||
At 31 January 2019 |
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At 31 January 2018 |
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Fixed Assets
Fixtures Computer Total
& Fittings Equipment
Cost as at 31st January 2018 13,048 6,799 19,847
Additions 421 750 1,171
Cost as at 31st January 2019 13,469 7,549 21,018
Depreciation as at 31st January 2018 5,377 3,980 9,357
Depreciation 2,658 1,347 4,005
Depreciation as at 31st January 2019 8,035 5,327 13,362
Net book Value
Net book value as at 31st January 2018 7,671 2,819 10,490
Net book value as at 31st January 2019 5,434 2,222 7,656
Long Term Loans
As at 31st January 2018 559,266
Repaid during the year (2,249)
Bad debt write off during the year (130,646)
Advanced during the year 44,184
As at 31st January 2019 470,555
The company has provided long term loans to Littlefish FX Ltd.
The loans have no fixed date of repayment, are payable on demand
and carry a 0% coupon rate.
The company has provided long term loans to Autumn Green Limited.
The loans have no fixed date of repayment, are payable on demand
and carry a 2.5% coupon rate.
The company had provided long term loans to The Iroka Trust.
The loans had no fixed date of repayment, was payable on demand
and carried a coupon rate of 1.5% above the BOE interest rate. The
recovery of this loan is now deemed unlikely and the directors have
written the debt off.
The company has provided long term loans to CJ Jenkins, an unrelated party.
The loans have no fixed date of repayment, are payable on demand
and carry a 10% coupon rate.
2018 2017 £ £
4. Investment
Valuation as at 31st January 2018 94,045 100,000
Redeemed during the year (91,994) -
Realised loss on investment (2,051) (5,955)
Valuation as at 31st January 2019 - 94,045
The company had an investment in Savernake PCC
Funds. This was redeemed during the year. Realised
losses have been expensed through the income statement.
for the Period Ended 31 January 2019
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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Debtors due after more than one year: |
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for the Period Ended 31 January 2019
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2018 £ |
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Taxation and social security |
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Other creditors |
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Total |
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for the Period Ended 31 January 2019
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2018 £ |
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Other creditors |
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Total |
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In 2018, the Company borrowed £155,000 from SummerGreen Limited, an unrelated entity. The loan is repayable in 2020, carries no coupon and at 31st January 2019, no interest was due and unpaid. During 2018, the Company repaid £65,000 of this loan.
for the Period Ended 31 January 2019
Name of director receiving advance or credit: |
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Description of the transaction: | |
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Balance at 01 February 2018 |
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Advances or credits made: |
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Advances or credits repaid: |
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Balance at 31 January 2019 |
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