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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2017 |
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CAVENDISH DESIGN & ADVERTISING LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 AUGUST 2017 |
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FOR |
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CAVENDISH DESIGN & ADVERTISING LIMITED |
CAVENDISH DESIGN & ADVERTISING LIMITED (REGISTERED NUMBER: 00985871) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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CAVENDISH DESIGN & ADVERTISING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Chartered Accountants |
North Lodge |
Hawkesyard |
Armitage Lane |
Rugeley |
Staffordshire |
WS15 1PS |
CAVENDISH DESIGN & ADVERTISING LIMITED (REGISTERED NUMBER: 00985871) |
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ABRIDGED BALANCE SHEET |
31 AUGUST 2017 |
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31.8.17 | 31.8.16 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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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. |
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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 on
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CAVENDISH DESIGN & ADVERTISING LIMITED (REGISTERED NUMBER: 00985871) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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1. | STATUTORY INFORMATION |
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Cavendish Design & Advertising Limited is a
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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 |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Work in progress |
Work in progress is valued at the lower of cost and net realisable value. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.17 | 31.8.16 |
value: | £ | £ |
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Ordinary | £1 | 10,000 | 10,000 |
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Redeemable preference | £1 | 200,100 | 200,100 |
(31.8.16 - 250,100 ) |
210,100 | 210,100 |
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5. | RELATED PARTY DISCLOSURES |
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The related party relationships in the companies below arise due to the family relationships of the |
director, who controls either directly or indirectly 20% or more of the voting rights of the companies |
below. |
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All trading transactions are carried out on an arms length basis. |
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British Study Centres Limited |
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A Company in which Mr Cleaver was a shareholder |
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Formerly known as British Study Centres School of English Limited |
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At the balance sheet date, included in trade debtors is an amount of £25,941 (2016: £1355) for |
advertising services. The total services in the year is £71,475 (2016: £7,333) |
CAVENDISH DESIGN & ADVERTISING LIMITED (REGISTERED NUMBER: 00985871) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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5. | RELATED PARTY DISCLOSURES - continued |
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CTH Training Limited |
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A company in which Mr Cleaver is also a shareholder and director. |
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Formerly known as British Study Centres Limited. |
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At the year end there was a loan of £11,504 (2016: £624) due from British Study Centres Limited. |
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At the balance sheet date, included in trade debtors is an amount of £200 (2016: £1,119) for |
advertising services. The total services in the year is £848 (2016: £67,617) |
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Included in trade creditors at the balance sheet date is an amount of £5,635 (2016: £1,176) for utilities. |
A total of £1,750 (2016: £25,432) of trade has been carried out at arms length with this related party. |
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There has been a rent free period in this financial year due to a change in lease terms. |
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31.8.17 | 31.8.16 |
£ | £ |
Amount due from related party at the balance sheet date | 11,504 | 624 |
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St Aldates Investments Limited |
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A Company in which Mr Cleaver is also a director. |
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At the balance sheet date there was a loan outstanding due from the above company of £26,835. This |
loan is interest free and repayable upon demand. |
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31.8.17 | 31.8.16 |
£ | £ |
Amount due from related party at the balance sheet date | 26,835 | 26,835 |
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The Confederation of Tourism and Hospitality Limited |
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A Company in which Mr Cleaver is a director. |
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At the balance sheet date, included in trade debtors is an amount of £1,085 (2016: £1,212) for |
advertising services. The total services in the year is £10,776 (2016: £10,392). |
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The outstanding loan balance below is interest free and repayable on demand. |
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31.8.17 | 31.8.16 |
£ | £ |
Amount due to related party at the balance sheet date | 500 | 500 |
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Hove College Brighton Limited |
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A Company in which Mr Cleaver is also a shareholder. |
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Included in trade debtors at the year end is an amount of £Nil (2016: £2,920) for advertising services. |
The total services in the year is £3,397 (2016: £6,263). |
CAVENDISH DESIGN & ADVERTISING LIMITED (REGISTERED NUMBER: 00985871) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
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5. | RELATED PARTY DISCLOSURES - continued |
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St Aldates Properties Limited |
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A company under common control |
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At the balance sheet date there was a loan outstanding due to the above company of £10,000. This |
loan is interest free and repayable upon demand. |
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31.8.17 | 31.8.16 |
£ | £ |
Amount due to related party at the balance sheet date | 10,000 | - |
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6. | ULTIMATE PARENT COMPANY |
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St Aldates Investments Limited is the ultimate parent company, owning 100% of the issued ordinary |
share capital. |