REGISTERED NUMBER:
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ABRIDGED UNAUDITED CESSATION FINANCIAL STATEMENT | S |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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CHAMPALE LIMITED |
REGISTERED NUMBER:
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ABRIDGED UNAUDITED CESSATION FINANCIAL STATEMENT | S |
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FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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CHAMPALE LIMITED |
CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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CHAMPALE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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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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ACCOUNTANTS: |
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Chartered Accountants |
Old Station House |
Station Approach |
Newport Street |
Swindon |
Wiltshire |
SN1 3DU |
CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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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 |
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Retained earnings |
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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. |
CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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ABRIDGED STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
signed by: |
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CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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Champale Limited is a
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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 is measured at the fair value of the consideration received or receivable for goods supplied |
and services rendered, net of discounts and Value Added Tax. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of ownership |
have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be |
measured reliably; it is probable that the associated economic benefits will flow to the entity; and |
the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
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Revenue from a contract to provide services is recognised in the period in which the services are |
provided in accordance with the stage of completion of the contract. |
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Tangible fixed assets |
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Computer Equipment | - | 33% on cost |
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Stocks & work in progress |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
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Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to |
its present location and condition. |
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Work in progress is valued on the basis of direct costs plus attributable overheads based on normal |
level of activity. Provision is made for any foreseeable losses where appropriate. An element of |
profit is included where the outcome of the project may reasonably be determined. |
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CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of |
Income and Retained Earnings, 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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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2018 |
and 30 June 2019 |
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DEPRECIATION |
At 1 July 2018 |
and 30 June 2019 |
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NET BOOK VALUE |
At 30 June 2019 |
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At 30 June 2018 |
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CHAMPALE LIMITED (REGISTERED NUMBER: 01502702) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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5. | RELATED PARTY DISCLOSURES |
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Kent Holdings Limited is responsible for cash management within the group. All income and |
expenditure is received/paid by Kent Holdings Limited and recharged to the group companies. As at |
30 June 2019 £10,120 was owed by Kent Holdings Limited (2018 - £113,103 owed to Kent Holdings |
Limited). |