Registration number:
Neckinger Holdings Limited
(A company limited by guarantee)
for the Year Ended 31 March 2017
Neckinger Holdings Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Neckinger Holdings Limited
(Registration number: 06548107)
Balance Sheet as at 31 March 2017
Note |
2017 |
2016 |
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Fixed assets |
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Other financial assets |
450,000 |
450,000 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mrs Deborah Janet Pluck
Director
Page 1 |
Neckinger Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
General information |
The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Neckinger Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Other financial assets (current and non-current) |
Financial assets at fair value through profit and loss |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2016 |
450,000 |
450,000 |
At 31 March 2017 |
450,000 |
450,000 |
Impairment |
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Carrying amount |
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At 31 March 2017 |
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450,000 |
Debtors |
2017 |
2016 |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
2017 |
2016 |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Parent and ultimate parent undertaking |
The company's immediate parent is
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Neckinger Holdings Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Transition to FRS 102 |
There were no adjustments resulting from the transition to FRS 102 that impact upon the net deficit for the year ended 31 March 2016. Total capital and reserves reported in these accounts as at 1 April 2015 and 31 March 2016 are as reported previously.
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