Registration number:
Wigan Pier Two Limited
for the Period from 28 March 2018 to 31 March 2019
Ground Floor
Hygeia Building
66-68 College Road
Harrow
Middlesex
HA1 1BE
Wigan Pier Two Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Wigan Pier Two Limited
Company Information
Director |
Mr HS Dhaliwal |
Registered office |
|
Accountants |
|
Page 1 |
Wigan Pier Two Limited
(Registration number: 11281354)
Balance Sheet as at 31 March 2019
Note |
2019 |
|
Current assets |
||
Stocks |
|
|
Debtors |
|
|
|
||
Creditors: Amounts falling due within one year |
( |
|
Net liabilities |
( |
|
Capital and reserves |
||
Called up share capital |
100 |
|
Profit and loss account |
(1,085) |
|
Total equity |
(985) |
For the financial period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 2 |
Wigan Pier Two Limited
Notes to the Unaudited Financial Statements for the Period from 28 March 2018 to 31 March 2019
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The directors consider this basis appropriate in the light of continuing support from the company's lenders.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Page 3 |
Wigan Pier Two Limited
Notes to the Unaudited Financial Statements for the Period from 28 March 2018 to 31 March 2019
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Stocks |
2019 |
|
Work in progress - Land and development costs |
|
Debtors |
Note |
2019 |
|
Amounts owed by parent undertaking |
|
|
Total current trade and other debtors |
|
Creditors |
Creditors: amounts falling due within one year
Note |
2019 |
|
Due within one year |
||
Other creditors |
|
|
Accrued expenses |
|
|
|
Share capital |
Allotted, called up and fully paid shares
2019 |
||
No. |
£ |
|
|
|
100 |
Page 4 |
Wigan Pier Two Limited
Notes to the Unaudited Financial Statements for the Period from 28 March 2018 to 31 March 2019
Related party transactions |
Summary of transactions with parent
At the balance sheet date the company's parent, The Cutting Room Limited owed the company £100. The loan is unsecured, intrerest free and repayable on demand.
Summary of transactions with other related parties
At the balance sheet date the company owed £11,004 to First-Step Group Limited, a company incorporated in England and Wales and in which the director, Mr H Dhaliwal is also a director and shareholder. The loan is unsecured, interest free and repayable on demand.
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate controlling party is
Page 5 |