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Unaudited Financial Statements for the Year Ended 30 June 2018 |
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Dotsand Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2018 |
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for |
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Dotsand Limited |
Dotsand Limited (Registered number: 03905967) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2018 |
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Page |
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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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Dotsand Limited |
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Company Information |
for the Year Ended 30 June 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Birchin Court |
20 Birchin Lane |
London |
EC3V 9DJ |
Dotsand Limited (Registered number: 03905967) |
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Balance Sheet |
30 June 2018 |
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30.6.18 | 30.6.17 |
Notes | € | € |
FIXED ASSETS |
Tangible assets | 3 |
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Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT (LIABILITIES)/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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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act
2006 and |
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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. |
Dotsand Limited (Registered number: 03905967) |
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Balance Sheet - continued |
30 June 2018 |
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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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Dotsand Limited (Registered number: 03905967) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Dotsand Limited is a
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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 |
The financial statements have been prepared in accordance with Financial Reporting Standard 102 "The |
Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Companies Act |
2006. The financial statements have been prepared under the historical cost convention except for the modification |
to fair value for the revaluation of the investment property. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below. The |
accounting policies have been consistently applied within the financial statements. |
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The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. |
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The nature of these changes and their impact on opening equity and profit for the comparative period are explained |
in the notes. |
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The company's functional and presentation currency is € Euro. |
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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 |
Preparation of the financial statements requires management to make significant judgements and estimates. |
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Financial instruments |
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual |
provisions of the instrument. |
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Financial assets and financial liabilities are recognised initially at fair value and subsequently measured at amortised |
cost using the effective interest method. Financial assets are reduced for provision, for impairment, if required. |
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Turnover |
Turnover represents rent receivable. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the |
cost less estimated residual value of each asset over its expected useful life, as follows: |
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Fixtures, fittings and equipment 25% per annum |
Dotsand Limited (Registered number: 03905967) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Investment property |
Investment properties are included in the balance sheet at cost. |
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Although this accounting policy is in accordance with the applicable accounting standard, FRS102, accounting for |
investment properties is a departure from the general requirement of the Companies Act 2006 for all tangible assets |
to be depreciated. In the opinion of the director compliance with standard in necessary for the financial statements to |
give true and fair view. Depreciation or amortisation is only one of many factors reflected in annual valuation and the |
amount of this, which might otherwise have been charged, cannot be separately identified or quantified. |
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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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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 euro at the rates of exchange ruling at the balance sheet |
date. Transactions in foreign currencies are translated into euro 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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Going concern |
The financial statements are prepared on the basis of the going concern, which assumes that the company will be in |
operational existence for the foreseeable future. This depends upon continued support of the shareholders. The |
financial statements do not include any adjustments that would result if such support is withdrawn. |
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Debtors and creditors |
Short term debtors and creditors are recognised initially at fair value. |
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Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand. |
Dotsand Limited (Registered number: 03905967) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
€ |
COST |
At 1 July 2017 |
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Disposals | ( |
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At 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Eliminated on disposal | ( |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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4. | INVESTMENT PROPERTY |
Total |
€ |
FAIR VALUE |
At 1 July 2017 |
and 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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The director believes the open market value does not differ to the cost for investment property held as at 30.06.2018. |
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Fair value at 30 June 2018 is represented by: |
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€ |
Valuation in 2017 | 236,516 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
€ | € |
Other debtors |
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Dotsand Limited (Registered number: 03905967) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
€ | € |
Taxation and social security |
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Other creditors |
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7. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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