Celentis (UK) Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 08186453

CELENTIS (UK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 August 2018

CELENTIS (UK) LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2018

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

CELENTIS (UK) LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	Mrs F Watson
	Mr P Watson

Registered office	Lynton House
	7-12 Tavistock Square
	London
	United Kingdom
	WC1H 9BQ

CELENTIS (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31 August 2018

	2018		2017
Note	£	£	£	£

Current assets

Debtors	5	8,583	62,031
Cash at bank and in hand		2,251	12,416
		--------	--------
		10,834	74,447

Creditors: amounts falling due within one year	6	( 41,925)		( 70,477)
		--------		--------
Net current (liabilities)/assets			( 31,091)		3,970
			--------		-------
Total assets less current liabilities			( 31,091)		3,970
			--------		-------
Net (liabilities)/assets			( 31,091)		3,970
			--------		-------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 32,091)	2,970
	--------	-------
Shareholders (deficit)/funds	( 31,091)	3,970
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 31 May 2019 , and are signed on behalf of the board by:

Mrs F Watson

Director

Company registration number: 08186453

CELENTIS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 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 Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).

5. Debtors

	2018	2017
	£	£
Trade debtors	–	35,860
Other debtors	8,583	26,171
	-------	--------
	8,583	62,031
	-------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	2,010	1,800
Amounts owed to group undertakings and undertakings in which the company has a participating interest	11,000	36,000
Corporation tax	20,160	20,973
Social security and other taxes	7,255	10,204
Other creditors	1,500	1,500
	--------	--------
	41,925	70,477
	--------	--------

7. Directors' advances, credits and guarantees

As at the balance sheet date an amount of £8,583 was owing by the directors to the company.