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Financial Statements for the Year Ended 31 December 2019 |
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DFDS Logistics Grimsby Holdings Limited |
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Financial Statements for the Year Ended 31 December 2019 |
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for |
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DFDS Logistics Grimsby Holdings Limited |
DFDS Logistics Grimsby Holdings Limited (Registered number: 05328150) |
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Contents of the Financial Statements |
for the Year Ended 31 December 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 |
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DFDS Logistics Grimsby Holdings Limited |
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Company Information |
for the Year Ended 31 December 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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AUDITORS: |
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117 - 119 Cleethorpe Road |
Grimsby |
North East Lincs |
DN31 3ET |
DFDS Logistics Grimsby Holdings Limited (Registered number: 05328150) |
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Balance Sheet |
31 December 2019 |
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31.12.19 | 31.12.18 | 1.1.18 |
as restated |
Notes | £ | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Capital redemption reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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DFDS Logistics Grimsby Holdings Limited (Registered number: 05328150) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
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1. | STATUTORY INFORMATION |
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DFDS Logistics Grimsby Holdings Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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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Fixed asset investments |
Fixed asset investments in subsidiary undertakings are stated at cost less provisions for impairment in value. The carrying value of investments are reviewed for impairment if events or changes in circumstances indicate the carrying value may not be recoverable. |
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Impairment of investments |
Investments are tested annually for impairment, or more frequently if there are indications that an impairment may be required. |
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Where an impairment has been identified, that value of the asset is written down to the impairment value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
DFDS Logistics Grimsby Holdings Limited (Registered number: 05328150) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
as restated |
£ | £ |
Amounts owed by group undertakings |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
as restated |
£ | £ |
Other creditors |
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6. | CALLED UP SHARE CAPITAL |
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On 9 December 2019, the company reduced its share capital to 1 share by transferring £1,165 to distributable reserves. |
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On 9 December 2019, the company reduced its capital redemption reserve to £nil by transferring £832 to distributable reserves. |
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7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was qualified on the following basis: |
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Basis for opinion |
As this is the first year the company has had the requirement for an audit after previously taking advantage of audit exemption under s480 of the Companies Act, we are unable to satisfy ourselves concerning the closing balances for the year ended 31 December 2018, which form the opening balances included in the financial statements as at 31 December 2019. Consequently, we are unable to determine whether any adjustments to these amounts are necessary. |
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We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. |
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for and on behalf of
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8. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary undertaking of DFDS Logistics Limited. The registered office of the parent company is the same as that of the company. |
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The smallest group in which the company's results are consolidated is that headed by DFDS A/S, a company listed on the Copenhagen Stock Exchange. The registered office of DFDS A/S is Sundkrogsgade 11,2100 Copenhagen, Denmark. Consolidated financial statements are available from the registered office. |
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The ultimate controlling party is J L Lauritzen Fonden, which has a 41% share of DFDS A/S and through a shareholders agreement controls more than 50% of the votes in DFDS A/S. The largest group in which the company's results are consolidated is that headed by J L Lauritzen Fonden. The consolidated financial statements for J L Lauritzen Fonden my be obtained from the registered office at Tranegaardsvej 20, 2900 Hellerup, Denmark. |
DFDS Logistics Grimsby Holdings Limited (Registered number: 05328150) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
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9. | NON TRADING STATUS |
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As the company has not traded in the year the directors consider that the going concern basis is not appropriate and the directors have therefore not prepared the financial statements on that basis. |
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The directors consider that there are no material adjustments as a result of ceasing to apply the going concern basis. |