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Financial Statements |
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for the Period 17 September 2018 to 31 December 2019 |
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for |
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Acro Premium Seating Limited |
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Financial Statements |
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for the Period 17 September 2018 to 31 December 2019 |
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for |
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Acro Premium Seating Limited |
Acro Premium Seating Limited (Registered number: 11572095) |
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Contents of the Financial Statements |
for the Period 17 September 2018 to 31 December 2019 |
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Page |
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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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Acro Premium Seating Limited |
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Company Information |
for the Period 17 September 2018 to 31 December 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Certified Accountants |
and Statutory Auditors |
9 St Clare Street |
London |
EC3N 1LQ |
Acro Premium Seating Limited (Registered number: 11572095) |
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Statement of Financial Position |
31 December 2019 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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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 and authorised for issue on
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Acro Premium Seating Limited (Registered number: 11572095) |
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Notes to the Financial Statements |
for the Period 17 September 2018 to 31 December 2019 |
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1. | STATUTORY INFORMATION |
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Acro Premium Seating Limited 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The director has considered available funding facilities, and concluded that the Company has sufficient resource |
based on the financial support from the ultimate parent company for next 12 months from the date of signing these |
financial statements. The financial statements are therefore prepared on a going concern basis, without reflecting the |
material uncertainty existence that may cast significant doubt on the company’s ability to continue as a going |
concern. |
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However, because not all future events or conditions can be predicted, this conclusion is not a guarantee as to the |
Company's ability to continue as a going concern. For example, the terms on which the United Kingdom withdraw |
from European Union and current Covid 19 situation, are not clear. It is difficult to evaluate all of the potential |
impacts on the Company's trade. |
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Related party exemption |
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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Significant judgements and estimates |
In the application of the company’s accounting policies, the director is required to make judgements, estimates and |
assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The |
estimates and associated assumptions are based on historical experience and other factors that are considered to be |
relevant. Actual results may differ from these estimates. |
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The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are |
recognised in the period in which the estimate is revised where the revision affects only that period, or in the period |
of the revision and future periods where the revision affects both current and future periods. |
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In the current year the management considered that no estimates and assumptions which have a significant risk of |
causing a material adjustment to the carrying amount of assets and liabilities. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date. |
Acro Premium Seating Limited (Registered number: 11572095) |
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Notes to the Financial Statements - continued |
for the Period 17 September 2018 to 31 December 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement |
of financial position 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 period 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 period was NIL. |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Other debtors |
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5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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6. | ULTIMATE CONTROLLING PARTY |
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The immediate parent company is Acro Holdings Limited and ultimate parent company is Zhejiang Tiancheng |
Controls Company Limited (ticker symbol 603085 on en.china-tc.com) is registered in China, and floated in the |
Shanghai stock exchange. |
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The smallest and largest undertaking for which the company is a member and for which group financial statements |
are prepared is Zhejiang Tiancheng Controls Company Limited, Group consolidation under Chinese GAAP is |
available from the website http://www.cninfo.com.cn/. |