Registration number:
ABCO Anderson Beverage Co Property Limited
for the Year Ended 30 November 2020
ABCO Anderson Beverage Co Property Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Abridged Financial Statements |
ABCO Anderson Beverage Co Property Limited
Company Information
Directors |
Mr Nigel Thomas Anderson Mr Stewart Miller Anderson |
Registered office |
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Accountants |
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ABCO Anderson Beverage Co Property Limited
(Registration number: 10477015)
Abridged Balance Sheet as at 30 November 2020
Note |
2020 |
2019 |
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Fixed assets |
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Investment property |
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Current assets |
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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 liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Profit and loss account |
42,032 |
28,367 |
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Shareholders' funds |
42,132 |
28,467 |
For the financial year ending 30 November 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
ABCO Anderson Beverage Co Property Limited
(Registration number: 10477015)
Abridged Balance Sheet as at 30 November 2020
Approved and authorised by the
.........................................
Mr Nigel Thomas Anderson
Director
ABCO Anderson Beverage Co Property Limited
Statement of Changes in Equity for the Year Ended 30 November 2020
Share capital |
Profit and loss account |
Total |
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At 1 December 2019 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 30 November 2020 |
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Share capital |
Profit and loss account |
Total |
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At 1 December 2018 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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At 30 November 2019 |
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ABCO Anderson Beverage Co Property Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Exemption from preparing group accounts
The company has taken advantage of the exemption in section 398 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that it is a small sized group.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
ABCO Anderson Beverage Co Property Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2020
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
ABCO Anderson Beverage Co Property Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2020
Tangible assets |
Investment properties
2020 |
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At 1 December 2019 |
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At 30 November 2020 |
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There has been no valuation of investment property by an independent valuer.
Related party transactions |
Summary of transactions with entities with joint control or significant interest
Income and receivables from related parties
2020 |
Entities with joint control or significant influence |
Leases |
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2019 |
Entities with joint control or significant influence |
Leases |
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Loans to related parties
2020 |
Entities with joint control or significant influence |
Total |
At start of period |
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Advanced |
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At end of period |
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ABCO Anderson Beverage Co Property Limited
Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2020
2019 |
Entities with joint control or significant influence |
Total |
At start of period |
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Advanced |
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At end of period |
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Terms of loans to related parties