Faber Blinds UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00716485 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

FABER BLINDS UK LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D J Harris

A Kuiper

R M Malley

SECRETARY:

R H G Durston

REGISTERED OFFICE:

8 Charter Gate

Clayfield Close

Moulton Park Industrial Estate

Northampton

NN3 6QF

REGISTERED NUMBER:

00716485 (England and Wales)

AUDITORS:

DNG Dove Naish LLP, Statutory Auditor

Eagle House

28 Billing Road

Northampton

Northamptonshire

NN1 5AJ

CURRENT ASSETS

Debtors

4

-

1,483,083

CREDITORS

Amounts falling due within one year

5

-

33,526

NET CURRENT ASSETS

-

1,449,557

TOTAL ASSETS LESS CURRENT LIABILITIES

-

1,449,557

CAPITAL AND RESERVES

Called up share capital

6

2,110,000

2,110,000

Retained earnings

(2,110,000

)

(660,443

)

SHAREHOLDERS' FUNDS

-

1,449,557

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 12 September 2019 and were signed on its behalf by:

D J Harris - Director

1.	STATUTORY INFORMATION

Faber Blinds UK Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company ceased to trade on 31 December 2017 and it is the intention of the directors for the

company to remain dormant for the foreseeable future. Accordingly the directors have prepared the

financial statements on the basis that the company is not a going concern. This does not impact the

measurement of the company's assets and liabilities.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also

requires management to exercise its judgement in the process of applying the company accounting

policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions

and estimates are significant to the financial statements are disclosed within the individual accounting

policies below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The

selection of these residual values and estimated lives requires the exercise of judgement. The

directors are required to assess whether there is an indication of impairment to the carrying value of

assets. In making that assessment, judgements are made in estimating value in use. The directors

consider that the individual carrying values of assets are supportable by their value in use

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term

deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the statement of

comprehensive income under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in

the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a

similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

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.

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 year end and that are

expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 3 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

46,202

Provision for doubtful debts

-

(46,202

)

Amounts owed by group undertakings

-

1,479,068

Tax

-

4,015

-

1,483,083

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

2,746

Social security and other taxes

-

9,311

VAT

-

16,519

Other creditors

-

285

Wages control

-

165

Accruals and deferred income

-

4,500

-

33,526

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2,110,000

Ordinary

£1

2,110,000

2,110,000

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clifford (Senior Statutory Auditor)

for and on behalf of DNG Dove Naish LLP, Statutory Auditor

8.	RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Hunter Douglas N.V via an intermediary, Hunter

Douglas UK Limited, the company has taken advantage of the exemption contained within FRS 102

and has therefore not disclosed transactions or balances with entities which form part of the group.

9.	ULTIMATE CONTROLLING PARTY

The directors consider the immediate parent undertaking to be Hunter Douglas UK Limited, a company

incorporated in England. The ultimate parent undertaking is Hunter Douglas N.V a company

incorporated in The Netherlands.

The largest group in which the results of the company are consolidated is that headed by Hunter

Douglas N.V. The group financial statements are available to the public and may be obtained from The

Secretary, Faber Blinds UK Limited, 8 Charter Gate, Clayfield Close, Moulton Park Industrial Estate,

Northampton NN3 6QF.