Pringle Group Limited |
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Report to the directors on the preparation of the unaudited abbreviated accounts of Pringle Group Limited for the year ended 31 January 2015 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Pringle Group Limited for the year ended 31 January 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
This report is made solely to the Board of Directors of Pringle Group Limited, as a body, in accordance with the terms of our engagement letter dated 15 October 2010. Our work has been undertaken solely to prepare for your approval the accounts of Pringle Group Limited and state those matters that we have agreed to state to the Board of Directors of Pringle Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pringle Group Limited and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Pringle Group Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Pringle Group Limited. You consider that Pringle Group Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the accounts of Pringle Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
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Shackleton Stott Limited |
Chartered Certified Accountants |
3000 Manchester Business Park |
Aviator Way |
Manchester |
M22 5TG |
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7 October 2015 |
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Pringle Group Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 January 2015
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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The company did not trade during the year or the previous year.
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Group accounts |
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The company and its subsidiaries form a small sized group. The company has therefore taken |
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advantage of the exemption given by Section 398 of the Companies Act 2006 not to prepare |
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group accounts. These financial statements present information about the company as an |
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individual and not as a group. |
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2 |
Investments |
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The company holds 20% or more of the share capital of the following companies: |
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Company |
Shares held |
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Class |
% |
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Barleymow Limited |
Ordinary |
100 |
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Pringle Developments Limited |
Ordinary |
100 |
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31st Jan |
31st Jan |
31st Jan |
3 |
Share capital |
Nominal |
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2015 |
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2015 |
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2014 |
value |
Number |
£ |
£ |
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Allotted, called up and fully paid: |
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Ordinary shares
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£1 each |
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203 |
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203 |
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203 |
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4 |
Ultimate controlling party |
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Pringle Group Limited is controlled by the CA Pringle discretionary trust and the A Pringle discretionary trust and by the directors and members of their close family. |