|
LITTLE MIRACLES DRINKS LIMITED
REGISTERED NUMBER: 08253811
BALANCE SHEET
AS AT 31 DECEMBER 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
M J Catton
|
|
|
|
|
|
|
The notes on pages 2 to 3 form part of these financial statements.
|
|
LITTLE MIRACLES DRINKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
Little Miracles Drinks Limited is a private company, limited by shares. The company was incorporated in England and Wales and its registered address is Aston House, Cornwall Avenue, London N3 1LF. The company registered number is 08253811.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The financial statements have been prepared on a going concern basis notwithstanding that there is
a deficiency of assets over liabilities as at 31 December 2018. The company retains the support of its
director to meet its working capital requirements and obligations. On this basis the director considers
it appropriate to prepare the accounts on a going concern basis.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
|
|
The average monthly number of employees, including directors, during the year was 1 (2017 - 1).
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LITTLE MIRACLES DRINKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 (2017 - 100) Ordinary shares of £1.00 each
|
|
|
|
|
Related party transactions
|
|
|
Included in other creditors is an amount of £10,206,962 (2017: £10,206,962) due to the director of the company. This loan is unsecured, with no repayment terms. The loan accrued interest at a rate of 8% per annum until the company ceased trading, after which date no further interest was charged.
|
|
