Company Registration No. 11093289 (England and Wales)
A CONNOLLY COMMERCIAL LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
A CONNOLLY COMMERCIAL LIMITED
COMPANY INFORMATION
Directors
Mr A Connolly
(Appointed 4 December 2017)
Mrs M F Connolly
(Appointed 4 December 2017)
Mr C J Connolly
(Appointed 4 December 2017)
Secretary
Mr A Connolly
Company number
11093289
Registered office
171-173 Gray's Inn Road
London
WC1X 8UE
Auditor
Goldblatts
171-173 Gray's Inn Road
London
WC1X 8UE
Business address
The Old Dairy
Leeds Street
Wigan
Lancs
WN3 4BW
A CONNOLLY COMMERCIAL LIMITED
CONTENTS
Page
Directors' report
1 - 2
Balance sheet
3
Notes to the financial statements
4 - 5
A CONNOLLY COMMERCIAL LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 MARCH 2018
- 1 -
The directors present their annual report and financial statements for the Period ended 31 March 2018.
Principal activities
The company was dormant for the period ended 31 March 2018.
Directors
The directors who held office during the Period and up to the date of signature of the financial statements were as follows:
Mr A Connolly
(Appointed 4 December 2017)
Mrs M F Connolly
(Appointed 4 December 2017)
Mr C J Connolly
(Appointed 4 December 2017)
Auditor
Goldblatts were appointed as auditor to the company and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.
Statement of directors' responsibilities
The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and accounting estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
A CONNOLLY COMMERCIAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
- 2 -
Statement of disclosure to auditor
So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr C J Connolly
Director
19 December 2018
A CONNOLLY COMMERCIAL LIMITED
BALANCE SHEET
AS AT
31 MARCH 2018
31 March 2018
- 3 -
2018
Notes
£
£
Current assets
Debtors
2
100
Net current assets
100
Capital and reserves
Called up share capital
3
100
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 19 December 2018 and are signed on its behalf by:
Mr A Connolly
Mr C J Connolly
Director
Director
Company Registration No. 11093289
A CONNOLLY COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2018
- 4 -
1
Accounting policies
Company information
A Connolly Commercial Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
171-173 Gray's Inn Road, London, WC1X 8UE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared with early application of
the
FRS 102 Triennial Review 2017 amendments in full.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Reporting period
The company was incorporated on 04 December 2017 and the accounting reference date was subsequently shortened to 31 March 2018 to align it with the parent company.
1.3
Profit and loss account
The company has not traded during the Period or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Debtors
2018
Amounts falling due within one year:
£
Amounts owed by group undertakings
100
The amounts due from group undertakings are interest free, with no security and no fixed repayment terms.
A CONNOLLY COMMERCIAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2018
- 5 -
3
Called up share capital
2018
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
4
Audit report information
As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
The senior statutory auditor was Seamus Ferguson FCA.
The auditor was Goldblatts.
5
Parent company
The parent company is A Connolly Holdings Limited whose registered office is 171-173 Gray's Inn Road, London, WC1X 8UE.
A Connolly
Holdings Limited prepares group financial statements and copies can be obtained from -
The Company Secretary,
A Connolly
Holdings Limited
, 171-173 Gray's Inn Road, London, WC1X 8UE.