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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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Charfleets Promotions Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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for |
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Charfleets Promotions Limited |
Charfleets Promotions Limited (Registered number: 02738408) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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Charfleets Promotions Limited (Registered number: 02738408) |
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Balance Sheet |
31 October 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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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 |
9 |
( |
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( |
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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 |
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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. |
Charfleets Promotions Limited (Registered number: 02738408) |
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Balance Sheet - continued |
31 October 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Charfleets Promotions Limited (Registered number: 02738408) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
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1. | STATUTORY INFORMATION |
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Charfleets Promotions Limited is a
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company's registered number and registered office address are as below: |
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Registered number: | 02738408 |
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Registered office: | Rayleigh Lanes |
89 High Street |
Rayleigh |
Essex |
SS6 7EJ |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. |
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Turnover |
Turnover represents the total invoice value of rent receivable during the year. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Investment property |
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred |
taxation is provided on these gains at the rate expected to apply when the property is sold. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, |
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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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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Charfleets Promotions Limited (Registered number: 02738408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
The balance sheet at the end of the year recorded net current liabilities. However, the directors believe that |
sufficient financial resources are available to the company to enable it to continue trading into the foreseeable |
future. Therefore, the financial statements have been prepared on a going concern basis. |
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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. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 November 2016 |
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Additions |
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At 31 October 2017 |
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DEPRECIATION |
At 1 November 2016 |
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Charge for year |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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Charfleets Promotions Limited (Registered number: 02738408) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2016 |
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Additions |
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At 31 October 2017 |
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NET BOOK VALUE |
At 31 October 2017 |
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At 31 October 2016 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to related party |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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Amounts owed to group undertakings |
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10. | RELATED PARTY DISCLOSURES |
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At the year end, Charfleets Promotions Limited owed £2,089,000 (2016: £1,899,000) to companies under |
common ownership. |
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11. | FIRST YEAR ADOPTION |
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There are no adjustments to be shown in a Reconciliation of Equity as at 1st November 2015. There are also no |
adjustments to be made in the Reconciliation of Equity as at 31st October 2016, or in the Reconciliation of Profit |
for the year ended 31st October 2016, as a result of the transition to FRS102. |