Registered number: 10423287
(A Company Limited by Guarantee)
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2017
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CRBA LIMITED
(A Company Limited by Guarantee)
Company Information
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CRBA LIMITED
(A Company Limited by Guarantee)
Contents
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CRBA LIMITED
(A Company Limited by Guarantee)
Directors' Report
For the Period Ended 31 October 2017
The directors present their report and the financial statements for the period ended 31 October 2017.
The company was incorporated on 12 October 2016.
The directors who served during the period were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on
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CRBA LIMITED
(A Company Limited by Guarantee)
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of CRBA Limited for the Period Ended 31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of CRBA Limited for the period ended 31 October 2017 which comprise the Profit and loss account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/
members/regulations-standards-and-guidance/
.
This report is made solely to the Board of Directors of CRBA Limited, as a body, in accordance with the terms of our engagement letter dated
23 July 2018. Our work has been undertaken solely
to prepare for your approval the financial statements of CRBA Limited and state those matters that we have agreed to state to the Board of Directors of CRBA Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CRBA Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that CRBA Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of CRBA Limited. You consider that CRBA Limited is exempt from the statutory audit requirement for the period.
Chartered Accountants
3rd Floor
12 Gough Square
EC4A 3DW
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CRBA LIMITED
(A Company Limited by Guarantee)
Profit and loss account
For the Period Ended 31 October 2017
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CRBA LIMITED
(A Company Limited by Guarantee)
Registered number:
10423287
Balance Sheet
As at
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
The notes on pages 5 to 6 form part of these financial statements.
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CRBA LIMITED
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Period Ended 31 October 2017
CRBA Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.
The following principal accounting policies have been applied:
The accounts have been prepared by the directors under the going concern basis despite an excess of liabilities over total assets.
The directors consider this appropriate as they have agreed to continue to support the company for at least the next twelve months from the date of approval of these financial statements.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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CRBA LIMITED
(A Company Limited by Guarantee)
Notes to the Financial Statements
For the Period Ended 31 October 2017
2.
Accounting policies (continued)
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members are liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.
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