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REGISTERED NUMBER:
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MAHARAJA MARQUEES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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REGISTERED NUMBER:
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MAHARAJA MARQUEES LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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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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MAHARAJA MARQUEES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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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 Certified Accountants |
Cash's Business Centre |
1st Floor |
228 Widdrington Road |
Coventry |
West Midlands |
CV1 4PB |
MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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BALANCE SHEET |
30 NOVEMBER 2016 |
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30.11.16 | 30.11.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 |
7 |
( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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BALANCE SHEET - continued |
30 NOVEMBER 2016 |
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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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MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Maharaja Marquees 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 represents amounts invoiced sales of services, except in respect of service contracts where turnover is |
recognised when the company obtains the right to consideration. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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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 that have been enacted or |
substantively enacted by the balance sheet date. |
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Hire purchase and leasing commitments |
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to |
ownership. All other leases are classified as operating leases. |
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The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts |
equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. |
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Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding |
liability using the effective interest rate method. The finance charge is allocated to each period during the lease |
so as to produce a constant periodic rate of interest on the remaining balance of the liability. |
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Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no |
reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the |
lower of the lease term and its useful life. |
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Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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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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MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor |
machinery | vehicles | Totals |
£ | £ | £ |
COST |
At 1 December 2015 |
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Additions |
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Disposals | ( |
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At 30 November 2016 |
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DEPRECIATION |
At 1 December 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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At 30 November 2015 |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
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COST |
Additions |
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At 30 November 2016 |
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DEPRECIATION |
Charge for year |
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At 30 November 2016 |
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NET BOOK VALUE |
At 30 November 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Trade debtors |
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Other debtors |
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MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.11.16 | 30.11.15 |
£ | £ |
Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.11.16 | 30.11.15 |
£ | £ |
Hire purchase contracts | 9,504 | - |
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Hire purchase contract is secured upon the asset purchased under each individual agreement. |
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9. | PROVISIONS FOR LIABILITIES |
30.11.16 | 30.11.15 |
£ | £ |
Deferred tax | 5,176 | 3,964 |
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Deferred |
tax |
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Balance at 1 December 2015 |
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Charge/(Credit) in the year | 1,212 |
Balance at 30 November 2016 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.11.16 | 30.11.15 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included within other creditors is £34,969 (2015: £37,977) owed to Mr L S Bal, the director. The loan is interest |
free with no set terms for repayment. |
MAHARAJA MARQUEES LIMITED (REGISTERED NUMBER: 04975883) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2016 |
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12. | RELATED PARTY DISCLOSURES |
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Included with other debtors is £21,162 (2015: £10,875) owed to an un-incorporated partnership business in |
which the directors and officers of the company are the partners. |
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13. | ULTIMATE CONTROLLING PARTY |
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The company is under the joint control of Mr L S Bal and Mrs G K Bal, the directors, by virtue of their 100% |
shareholding in the company. |
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14. | FIRST YEAR ADOPTION OF FRS 102 |
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This is the first year in which the financial statements have been presented under FRS 102 (Section 1A) for small |
entities. The last financial statements were prepared under UK GAAP for the year ended 30 November 2015. |
The date of transition to FRS 102 was 1 December 2014. Neither the profit for the year ended 30 November |
2015 nor equity at 30 November 2015 were changed as a result of the changes on accounting policies due to the |
transition. |
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