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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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MOVEPLAN LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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MOVEPLAN LIMITED |
MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 7 |
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MOVEPLAN LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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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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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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 Board of Directors on
by: |
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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Moveplan Limited is a private company, limited by shares , registered in England 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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The financial statements are presented in sterling (£), which is also the functional currency for the company. |
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Going Concern |
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is |
appropriate as there are no material uncertainties related to events or conditions that may cast significant doubt |
about the ability of the company to continue as a going concern. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Significant judgements and estimates |
The preparation of financial statements requires management to make judgements, estimates and assumptions |
about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates |
and underlying assumptions are based on historical experience and other factors that are considered to be |
relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting |
estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or |
in the period of the revision and future periods if the revision affects both current and future periods. |
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Turnover |
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of |
Value Added Tax. |
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Tangible fixed assets |
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful |
economic life of that asset as follows: |
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Fixtures and Fittings - 15% Straight line |
Computer Equipment - 33% Straight line |
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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 balance sheet date. |
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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet 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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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Finance lease agreements |
Where the company enters into a lease which entails taking substantially all the risks and regards of ownership |
of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible |
asset and is depreciated in accordance with the above depreciation policies. Future instalments under such |
leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the |
finance element, which is charged to the profit and loss account on a straight line basis, and the capital element |
which reduces the obligation for future instalments. |
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Operating lease agreements |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with |
the lessor are charged against profits on a straight line basis over the period of the lease. |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual |
arrangement, a either financial assets, financial liabilities or equity instruments. As equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Trade and other debtors |
Trade and other debtors are measured at transaction price less any impairment unless the arrangement |
constitutes a financing transaction in which case the transaction is measured at the present value of the future |
receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are |
subsequently measured at amortised cost using the effective interest method less any impairment. |
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Trade and other creditors |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing |
transaction in which case the transaction is measured at present value of future payments discounted at |
prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their |
transaction costs. They are subsequently measured at amortised cost using the effective interest method. |
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Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits |
with an original maturity date of three months or less. |
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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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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2018 |
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Additions |
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Disposals |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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Eliminated on disposal |
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( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Holdings of more than 20% |
The company holds more than 20% of the share capital of the following companies: |
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Company | Country of registration | Shares | Held |
or incorporation | Class | % |
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Subsidiary undertakings |
Moveplan Espana SL | Spain | Ordinary | 100.00 |
Moveplan (USA) Inc. | USA | Ordinary | 100.00 |
Moveplan Canada Inc. | Canada | Ordinary | 100.00 |
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Participating interests |
Moveplan Ireland Limited | Ireland | Ordinary | 22.50 |
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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Amounts owed by participating interests | 5,472 | 16,446 |
Directors' current accounts | - | 138,093 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Other loans |
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Trade creditors |
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Amounts owed to participating interests | 243,885 | 394,781 |
Tax |
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Social security and other taxes |
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VAT | 42,936 | 25,793 |
Other creditors |
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Directors' current accounts | 907 | - |
Accruals and deferred income |
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8. | RESERVES |
Retained |
earnings |
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At 1 April 2018 |
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Profit for the year |
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Dividends | (460,619 | ) |
At 31 March 2019 |
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MOVEPLAN LIMITED (REGISTERED NUMBER: 02069989) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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9. | RELATED PARTY DISCLOSURES |
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The company is related to Moveplan (Ireland) Limited through its shareholding in the company. A balance of |
£9,316 is payable at the year end (2018: £11,515 was recoverable). During the year the company recharged |
costs totalling £31,639 (2018: £704) and was recharged costs of £125,390 (2018:nil). |
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The company is related to Moveplan (Asia Pacific) Limited through its common directors. A balance of £79,812 |
is payable at the year end (2018: £220,320). During the year the company recharged costs totalling £24,836 |
(2018: £13,697). |
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The company is related to Moveplan Australia Pty Limited through its common directors. A balance of £154,757 |
is payable at the year end (2018: £174,461). During the year the company recharged costs totalling £45,518 |
(2018: £4,553). |
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The company is related to Moveplan Singapore Pte Limited through its common directors. A balance of £5,472 |
(2018: £4,931) is recoverable at the year end. During the year the company recharged costs of £39,450 (2018: |
£4,931). |
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The company is related to Moveplan USA INC through its common directors. A balance of £53,131 (2018: |
£61,001) is recoverable at the year end. During the year the company recharged costs of £141,674 |
(2018:£61,001) and was recharged costs of £66,766 (2018: nil). |
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The company is related to Moveplan Canada INC through its common directors. A balance of £91,737 (2018: |
£107,678) is recoverable at the year end. During the year the company recharged costs of £65,552 (2018: |
£4,931). |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is C Ridley. |