|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2019 |
|
FOR |
|
SHOO 188 LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2019 |
|
FOR |
|
SHOO 188 LIMITED |
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
SHOO 188 LIMITED |
|
COMPANY INFORMATION |
for the year ended 31 March 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
SENIOR STATUTORY AUDITOR: |
|
|
|
AUDITORS: |
|
Chartered Accountants and Statutory Auditor |
Highdown House |
11 Highdown Road |
Leamington Spa |
Warwickshire |
CV31 1XT |
|
|
BANKERS: |
|
519 Foleshill Road |
Coventry |
CV3 5ZZ |
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
ABRIDGED BALANCE SHEET |
31 March 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 7 |
|
|
Capital redemption reserve | 8 |
|
|
Fair value reserve | 8 |
|
|
Retained earnings | 8 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
|
|
|
|
|
|
|
|
|
|
|
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 March 2019 |
|
1. | STATUTORY INFORMATION |
|
Shoo 188 Limited is a
|
registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year. |
|
At the balance sheet date the company had net current liabilities of £1,122,568 (2018 - £1,171,565) and total net |
assets of £615,429 (2018 - £532,682). The directors have expressed their willingness to support the company as |
necessary and along with the forecasted future profitable trade the business is considered a going concern. The |
accounts and financial statements have therefore been prepared on a going concern basis. |
|
Preparation of consolidated financial statements |
The financial statements contain information about Shoo 188 Limited as an individual company and do not |
contain consolidated financial information as the parent of a group. The company is exempt under Section |
399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
|
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. |
|
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
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. |
|
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. |
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
|
2. | ACCOUNTING POLICIES - continued |
|
Financial instruments |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, |
financial instruments are measured at amortised cost using the effective interest rate method, less impairment. |
|
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the income statement. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | FIXED ASSET INVESTMENTS |
|
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 | 1,119,247 |
NET BOOK VALUE |
At 31 March 2019 | 1,119,247 |
At 31 March 2018 | 1,119,247 |
|
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
|
Revaluations | 33,750 |
At 31 March 2019 |
|
NET BOOK VALUE |
At 31 March 2019 |
|
At 31 March 2018 |
|
|
In the opinion of the directors, the value of investment properties on an open market basis for existing use was |
not significantly different from the valuation currently shown. |
|
Fair value at 31 March 2019 is represented by: |
|
£ |
Valuation in 2018 | 97,235 |
Valuation in 2019 | 33,750 |
Cost | 487,765 |
618,750 |
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
|
6. | LEASING AGREEMENTS |
|
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2019 | 2018 |
£ | £ |
Within one year |
|
|
Between one and five years |
|
|
|
|
|
7. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 250,000 | 250,000 |
|
8. | RESERVES |
Capital | Fair |
Retained | redemption | value |
earnings | reserve | reserve | Totals |
£ | £ | £ | £ |
|
At 1 April 2018 |
|
|
|
282,682 |
Profit for the year |
|
- | - |
|
Dividends | ( |
) | - | - | ( |
) |
Reserve transfer | (33,750 | ) | - | 33,750 | - |
At 31 March 2019 |
|
|
|
365,429 |
|
Retained earnings |
Retained earnings represent cumulative retained profits and losses from incorporation. |
|
Capital redemption reserve |
This reserve represents the nominal value of shares re-acquired by the company since incorporation. |
|
Fair value reserve |
This reserve represents cumulative adjustments to the carrying value of investment properties. |
|
9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
10. | PENSION COMMITMENTS |
|
The company operates a defined contribution pension scheme in respect of certain employees. The scheme and |
its assets are held by independent managers. The pension charge represents contributions due from the company |
and amounted to £48,047 (2018 - £26,620). Included within creditors is an amount due to scheme providers |
totalling £8,678 (2018 - £120). |
SHOO 188 LIMITED (REGISTERED NUMBER: 05523647) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 March 2019 |
|
11. | CONTROLLING INTERESTS |
|
The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in |
respect of the financial and operating policies of the company. |