Shouson Ltd 31/05/2018 iXBRL
Shouson Ltd 31/05/2018 iXBRL
Company registration number:
06905138
Unaudited filleted financial statements
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Business address |
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Accountants |
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1 Rockfield Business Park | ||
Old Station Drive | ||
Cheltenham | ||
Gloucestershire | ||
GL53 0AN | ||
Statement of financial position
31 May 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 9 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Fair value reserve |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 September 2018
, and are signed on behalf of the board by:
Director
Company registration number:
06905138
Statement of changes in equity
Year ended 31 May 2018
Called up share capital | Fair value reserve | Profit and loss account | Total | ||||
£ | £ | £ | £ | ||||
At 1 June 2016 (as previously reported) |
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Effects of changes in accounting policies | (-) | 3,040 | (-) | 3,040 | |||
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At 1 June 2016 (restated) |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 May 2017 and 1 June 2017 |
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Profit for the year |
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Total comprehensive income for the year | - | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - | - |
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At 31 May 2018 |
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Notes to the financial statements
Year ended 31 May 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is BPC Partners Ltd, 1 Rockfield Business Park, Old Station Drve, Leckhampton, Cheltenham, GL53 0AN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration of rent and consultancy income receivable.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
2
(2017:
2
).
5.
Tangible assets
Long leasehold property | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 June 2017 and 31 May 2018 |
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Depreciation | ||||
At 1 June 2017 and 31 May 2018 | - |
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Carrying amount | ||||
At 31 May 2018 |
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At 31 May 2017 |
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The director considers the open market value of the investment properties at 31st May 2018 to be £1,073,469. The historic cost of the investment properties is £769,548
Investment property
Included within the above is investment property as follows:
£ | ||
At 1 June 2017 and 31 May 2018 |
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6.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 June 2017 and 31 May 2018 |
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Impairment | |||
At 1 June 2017 and 31 May 2018 | - | - | |
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Carrying amount | |||
At 31 May 2018 |
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At 31 May 2017 |
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7.
Debtors
2018 | 2017 | |||
£ | £ | |||
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Corporation tax |
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Other creditors |
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9.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Bank loans and overdrafts |
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The bank has a charge over Flat 7, G Block, Peabody Estate, Fulham Palace Road, W6 9PT.
10.
Controlling party
The controlling party are Mr & Mrs G Priestley by virtue of their ownership of 100% of the issued ordinary share capital in the company.