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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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COLLECTIVE INVESTMENTS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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FOR |
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COLLECTIVE INVESTMENTS LIMITED |
COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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COLLECTIVE INVESTMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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DIRECTORS: |
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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 |
The Granary |
High Street |
Turvey |
Bedford |
Bedfordshire |
MK43 8DB |
COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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BALANCE SHEET |
30 NOVEMBER 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 and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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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. |
COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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BALANCE SHEET - continued |
30 NOVEMBER 2019 |
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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
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COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Collective Investments 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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Going concern |
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These financial statements have been prepared on a going concern basis on the assumption that adequate |
financial support is available to the company to enable it to meet its liabilities as and when they fall due and to |
continue its operations without realisation of its fixed assets. The company has received an undertaking from Mr |
M G B Shaw, a director and shareholder of the company that he will not withdraw the amount due to him under |
Directors Loan or the amount due to Tritax 1 Securities Ltd included under other creditors, until after 31st March |
2021. No interest is payable to Mr Shaw on the amount due to him or on the amount due to Tritax Securities 1 |
Ltd and at least one months notice will be given to the company for the withdrawal of either loan after 31st |
March 2021. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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Investments |
Fixed asset investments are recorded at cost. It is not practicable to obtain a fair valuation of the investments as it |
would mean undue cost and effort. |
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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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COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 December 2018 |
and 30 November 2019 |
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DEPRECIATION |
At 1 December 2018 |
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Charge for year |
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At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 December 2018 |
and 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Other creditors |
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COLLECTIVE INVESTMENTS LIMITED (REGISTERED NUMBER: 02891060) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2019 |
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9. | RELATED PARTY DISCLOSURES |
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Mr M G B Shaw, a Director of the company and Mrs L Shaw, are the ultimate controlling party for both this and |
the preceding year, by virtue of their shareholding in the company. |
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At the balance sheet date the company owed
Mr M G B Shaw
£46,888 (2018: £46,298). This is included in other
creditors, amounts falling due in more than one year, in the financial statements. |
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At the balance sheet date
Tritax Securities 1 Ltd
, a company controlled by M G B Shaw, was owed an amount of
£51,424 by the company (2018: £51,424). This is i ncluded in other creditors. |
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The company provided professional services to Tritax Securities 1 Ltd amounting to £Nil (2018: £34,000). |
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The company charged expenses to Tritax Management LLP, an LLP of which M G B Shaw is a Designated |
Member, amounting to £Nil (2018: £23,136). |