Pine Fields Private Limited ACCOUNTS COVER
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Company No. 07355118
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Pine Fields Private Limited CONTENTS
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Pages
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Company Information
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2
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Directors' Report
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3
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Accountant's Report
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4
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Profit and Loss Account
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5
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Balance Sheet
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6
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Statement of Changes in Equity
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7
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Notes to the Accounts
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8
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Pine Fields Private Limited COMPANY INFORMATION
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Directors
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Registered Office
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Accountants
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1 The Courtyard
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Chalvington
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Hailsham
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East Sussex
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BN27 3TD
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Pine Fields Private Limited DIRECTORS REPORT
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The Directors present their report and the accounts for the year ended 31 August 2016.
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Principal activities
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Directors
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The Directors who served at any time during the year were as follows:
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Signed on behalf of the board
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L.G. Large
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Director
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26 May 2017
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Pine Fields Private Limited ACCOUNTANTS REPORT
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Accountant's Report to the Board of directors of Pine Fields Private Limited on the preparation of the unaudited statutory accounts for the year ended 31 August 2016
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In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of Pine Fields Private Limited for the year ended 31 August 2016 set out on pages 5 to 8 from the company's accounting records and from information and explanations you have given us.
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You consider that the company is exempt from an audit for the year ended 31 August 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit for the year.
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Accountants
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1 The Courtyard
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Chalvington
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Hailsham
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East Sussex
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BN27 3TD
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Pine Fields Private Limited PROFIT AND LOSS ACCOUNT
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for the year ended 31 August 2016
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Notes
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2016
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2015
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£
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£
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Turnover
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Cost of sales
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Administrative expenses
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(
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(
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Other operating income
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Operating profit/(loss)
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(
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Interest payable and similar charges
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(
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(
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Profit/(Loss) on ordinary activities before taxation
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(
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Taxation
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Profit/(Loss) for the financial year after taxation
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(
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STATEMENT OF COMPREHENSIVE INCOME
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for the year ended 31 August 2016
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2016
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2015
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£
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£
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Profit/(Loss) for the financial year after taxation
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(
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Other comprehensive income
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-
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-
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Total comprehensive income for the year
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(
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Pine Fields Private Limited BALANCE SHEET
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at
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Company No.
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Notes
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2016
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2015
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£
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£
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Fixed assets
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Tangible assets
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2
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Current assets
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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3
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(
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(
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Net current liabilities
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(
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(
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Total assets less current liabilities
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(
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Creditors: Amounts falling due after more than one year
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4
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(
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Net liabilities
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(
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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5
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(
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(
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Total equity
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(
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(
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Approved by the board on 26 May 2017
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And signed on its behalf by:
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L.G. Large
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Director
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26 May 2017
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Pine Fields Private Limited STATEMENT OF CHANGES IN EQUITY
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for the year ended 31 August 2016
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Share Capital
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Retained earnings
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Total equity
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£
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£
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£
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At 1 September 2014
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(
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(
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Loss for the period
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(
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(
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At 31 August 2015 and 1 September 2015
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(
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(
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Profit for the period
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At 31 August 2016
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(
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(
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Pine Fields Private Limited NOTES TO THE ACCOUNTS
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for the year ended 31 August 2016
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1
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Accounting policies
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Basis of preparation
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Intangible fixed assets
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Taxation
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The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. |
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2
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Tangible fixed assets
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Land and buildings
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Total
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£
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£
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Cost or revaluation
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At 1 September 2015
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At 31 August 2016
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Net book values
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At 31 August 2016
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At 31 August 2015
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3
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Creditors:
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amounts falling due within one year
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2016
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2015
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£
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£
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Bank loans and overdrafts
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Other loans
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Trade creditors
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Accruals and deferred income
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(
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(
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4
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Creditors:
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amounts falling due after more than one year
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2016
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2015
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£
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£
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Other creditors
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5
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Reserves
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6
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Related party disclosures
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Controlling parties
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Immediate controlling party
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Ultimate controlling party
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Mr Leigh Large
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7
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Additional information
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Its registered number is:
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Its registered office is:
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