Mayfair Polo Limited 31/03/2019 iXBRL
Mayfair Polo Limited 31/03/2019 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
3155518
Unaudited filleted abridged financial statements
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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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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White House | ||
Wollaton Street | ||
Nottingham | ||
NG1 5GF | ||
Bankers |
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Leicester | ||
LE87 2BB | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Mayfair Polo Limited
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mayfair Polo Limited for the year ended 31 March 2019 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the board of directors of Mayfair Polo Limited, as a body, in accordance with the terms of our engagement letter dated 21 November 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Mayfair Polo Limited and state those matters that we have agreed to state to the board of directors of Mayfair Polo Limited as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mayfair Polo Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Mayfair Polo Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mayfair Polo Limited. You consider that Mayfair Polo Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Mayfair Polo Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
White House
Wollaton Street
Nottingham
NG1 5GF
3 December 2019
Abridged statement of financial position
31 March 2019
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Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Called up share capital | 6 |
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Profit and loss account |
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Shareholders deficit |
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Directors 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 directors acknowledge 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
03 December 2019
, and are signed on behalf of the board by:
Director
Company registration number:
3155518
Statement of changes in equity
Year ended 31 March 2019
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 April 2017 |
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Loss for the year | - |
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Total comprehensive income for the year | - |
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At 31 March 2018 and 1 April 2018 |
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Loss for the year | - |
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Total comprehensive income for the year | - |
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At 31 March 2019 |
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Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is White House, Wollaton Street, Nottingham, NG1 5GF. The company trades from Foxhill Farm, Walton Lane, Barrow-upon-Soar, Loughborough, Leicestershire LE12 8JX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
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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Impairment
Stocks
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2018:
6
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 April 2018 |
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Additions | 1,878 | |
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At 31 March 2019 |
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Depreciation | ||
At 1 April 2018 |
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Charge for the year |
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At 31 March 2019 |
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Carrying amount | ||
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At 31 March 2018 |
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6.
Called up share capital
Issued, called up and fully paid
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No | £ | No | £ | ||||||
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1 | 1 | 1 | 1 | |||||
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7.
Controlling party