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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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COFFEE ISLAND (UK) LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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FOR |
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COFFEE ISLAND (UK) LTD |
COFFEE ISLAND (UK) LTD (REGISTERED NUMBER: 10217153) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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COFFEE ISLAND (UK) LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
1 Kings Avenue |
London |
N21 3NA |
COFFEE ISLAND (UK) LTD (REGISTERED NUMBER: 10217153) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2016 |
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Notes | £ | £ |
FIXED ASSETS |
Investments | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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( |
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The director acknowledges his 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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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COFFEE ISLAND (UK) LTD (REGISTERED NUMBER: 10217153) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Coffee Island (UK) Ltd is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on going concern basis as the directors are satisfied that the |
company will have adequate resources to meet its liability to third parties as they fall due. |
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The presentation and functional currency of the company is Sterling. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
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Cash and cash equivalents |
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and short |
term deposits with an original maturity date of one month. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit |
or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes |
recognised in profit or loss. |
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Income and deferred tax |
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable |
is based on taxable profit for the year. The Company's liability for current tax is calculating using tax rates that |
have been enacted or substantively enacted by the end of the reporting period. |
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Deferred tax is recognised on timing differences between carrying amounts of assets and liabilities in the |
financial statements and the corresponding tax bases used in the computation of taxable profit. |
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Deferred tax liabilities are generally recognised for all taxable timing differences. 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 is realised, based on tax rates that have been enacted by the end of the reporting period. |
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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. |
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3. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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COFFEE ISLAND (UK) LTD (REGISTERED NUMBER: 10217153) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 JUNE 2016 TO 31 DECEMBER 2016 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
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Amounts owed to group undertakings |
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Other creditors |
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Accrued expenses |
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5. | RELATED PARTY DISCLOSURES |
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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. |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate parent company is Coffee Island Holdings Ltd, a company registered in England and Wales with |
company number 09980804. |