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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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Balintore Target Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2020 |
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for |
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Balintore Target Limited |
Balintore Target Limited (Registered number: SC372780) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Balintore Target Limited |
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Company Information |
for the Year Ended 30 June 2020 |
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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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Chartered Certified Accountants |
9 Ardross Street |
Inverness |
IV3 5NN |
Balintore Target Limited (Registered number: SC372780) |
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Balance Sheet |
30 June 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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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. |
Balintore Target Limited (Registered number: SC372780) |
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Balance Sheet - continued |
30 June 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Balintore Target Limited (Registered number: SC372780) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
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1. | STATUTORY INFORMATION |
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Balintore Target Limited is a
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The company extended their year end in the prior year from 30 April 2019 to 30 June 2019. As a result, the current year is a 12 month period and the prior period is a 14 month period, making the comparative figures not entirely comparable. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 July 2019 |
and 30 June 2020 |
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NET BOOK VALUE |
At 30 June 2020 |
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At 30 June 2019 |
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The above investments consist of:- |
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Christian Focus Publications Ltd |
This consists of 1,270,865 ordinary £1 shares in Christian Focus Publications Ltd, a company registered in Scotland at Geanies House, Tain, Ross-shire IV20 1TW, company number SC059686, at cost of £2,061,083. This is a 87.67% share in a company in which director Mr K M Mackenzie is one of the controlling directors. |
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5. | DEBTORS |
2020 | 2019 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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Other debtors |
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VAT |
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Balintore Target Limited (Registered number: SC372780) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
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5. | DEBTORS - continued |
2020 | 2019 |
£ | £ |
Amounts falling due after more than one year: |
Called up share capital not paid |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Amounts owed to group undertakings |
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Sundry creditors |
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Accruals and deferred income |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Loan | - | 184,981 |
Other creditors |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Loan | - | 184,981 |
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8. | RELATED PARTY DISCLOSURES |
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During the period to 30 June 2019 an investment of £1,865,841 was made under normal trade terms in a Limited Company in which Mr K M MacKenzie is a director. The consideration shall be satisfied by entering into a licence agreement. The licence agreement is between Donald Alasdair Campbell, David Kemlo Laing and Daniel Stewart, as trustees of The Christian Focus Trust, a Scottish Charity (SC025428) ("the Licensor") and Balintore Target Limited ("the Licensee"). The Licensor has acquired the Rights in the Titles. The Licensee wishes to receive and the Licensor is willing to grant to the Licensee a licence on specific terms and conditions as detailed in the Licence agreement to exercise and exploit the Rights. |
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At the year end, balances of £318 (2019 - £318) and £425 (2019 - £425) were due to Directors Mr P H MacKenzie and Mr K M MacKenzie respectively, for expenses incurred in earlier periods. |
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At the year end a balance of £281 (2019 - £185,262) was due to a family member of Mr K M MacKenzie. |
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At the year end a balance of £nil (2019 - £80) was due from Target Advisers LLP in which Mr K M MacKenzie is a partner. |
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9. | POST BALANCE SHEET EVENTS |
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On 23 February 2021 the company acquired 12,000 L shares in Balintore Holdings Limited. This represents a 99.98% holding in this company. |