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FRIAR 121 LIMITED |
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Abbreviated Accounts |
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for the Year Ended 31 August 2015 |
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REGISTERED NUMBER:
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FRIAR 121 LIMITED |
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Abbreviated Accounts |
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for the Year Ended 31 August 2015 |
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FRIAR 121 LIMITED (REGISTERED NUMBER: 07489091) |
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Contents of the Abbreviated Accounts |
for the year ended 31 August 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 5 |
FRIAR 121 LIMITED |
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Company Information |
for the year ended 31 August 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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FRIAR 121 LIMITED (REGISTERED NUMBER: 07489091) |
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Abbreviated Balance Sheet |
31 August 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
FRIAR 121 LIMITED (REGISTERED NUMBER: 07489091) |
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Abbreviated Balance Sheet - continued |
31 August 2015 |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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FRIAR 121 LIMITED (REGISTERED NUMBER: 07489091) |
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Notes to the Abbreviated Accounts |
for the year ended 31 August 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company is the parent undertaking of a small group and as such is not required by the Companies |
Act 2006 to prepare group accounts. These financial statements therefore present information about |
the company as an individual undertaking and not about its group. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company |
qualifies as a small company. |
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Investments |
Investments held as fixed assets are shown at cost less provision for impairment. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 September 2014 | 1,235,625 |
Additions | (55,000 | ) |
At 31 August 2015 | 1,180,625 |
NET BOOK VALUE |
At 31 August 2015 |
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At 31 August 2014 |
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FRIAR 121 LIMITED (REGISTERED NUMBER: 07489091) |
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Notes to the Abbreviated Accounts - continued |
for the year ended 31 August 2015 |
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2. | FIXED ASSET INVESTMENTS - continued |
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The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
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£ | £ |
Aggregate capital and reserves | 1,218,273 | 953,637 |
Profit for the year | 264,636 | 245,641 |
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Premier Display Limited was purchased on 28 September 2011 for an initial payment of £485,625 and |
deferred consideration of up to £750,000 depending on trading results. The deferred consideration |
was payable by instalments over a number of years with the final payment due in September |
2017.Following negotiations with the vendors of the company, the final instalment of the deferred |
consideration of £500,000 was paid early at a reduced amount of £445,000. The reduction of £55,000 |
has been included in the accounts as a negative addition to investments. |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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