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Unaudited Financial Statements |
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for the Year Ended 31 October 2019 |
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for |
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3 HOLDINGS LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 October 2019 |
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for |
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3 HOLDINGS LIMITED |
3 HOLDINGS LIMITED (REGISTERED NUMBER: 11001889) |
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Contents of the Financial Statements |
for the year ended 31 October 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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3 HOLDINGS LIMITED |
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Company Information |
for the year ended 31 October 2019 |
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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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5-6 Greenfield Crescent |
Edgbaston |
Birmingham |
B15 3BE |
3 HOLDINGS LIMITED (REGISTERED NUMBER: 11001889) |
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Balance Sheet |
31 October 2019 |
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2019 | 2018 |
Notes | £ | £ |
Current assets |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 5 |
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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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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. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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3 HOLDINGS LIMITED (REGISTERED NUMBER: 11001889) |
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Notes to the Financial Statements |
for the year ended 31 October 2019 |
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1. | Company information |
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3 Holdings Limited is a
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2. | Accounting policies |
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Accounting convention |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Stocks |
Stock represent development properties and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises the cost of the property and, where applicable, professional fees and those overheads that have been incurred in bringing the stocks to their present location and condition. |
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At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
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Other debtors |
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3 HOLDINGS LIMITED (REGISTERED NUMBER: 11001889) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2019 |
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5. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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6. | Related party disclosures |
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Related party transactions |
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The following amounts were outstanding at the reporting end date: |
2019 | 2018 |
Amounts owed to related parties | £ | £ |
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Other related parties | 23,967 | 221,159 |
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Amounts owed by related parties |
Other related parties | 17,798 | - |
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