Pocket Rocket Investments Limited 31/03/2019 iXBRL
Pocket Rocket Investments Limited 31/03/2019 iXBRL
Company registration number:
SC473187
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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123 Irish Street | ||
Dumfries | ||
DG1 2PE | ||
Solicitors |
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1 Charlotte Street | ||
Dumfries | ||
DG1 2AG | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Pocket Rocket Investments Limited
Year ended 31st 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 Pocket Rocket Investments Limited for the year ended 31st March 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Pocket Rocket Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pocket Rocket Investments Limited and state those matters that we have agreed to state to the board of directors of Pocket Rocket Investments Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pocket Rocket Investments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Pocket Rocket Investments 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 profit of Pocket Rocket Investments Limited. You consider that Pocket Rocket Investments 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 Pocket Rocket Investments 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
123 Irish Street
Dumfries
DG1 2PE
24th April 2020
Statement of financial position
31st March 2019
30/03/19 | 30/03/18 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 | - |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net assets/(liabilities) |
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Capital and reserves | |||||||||
Called up share capital | 9 |
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Profit and loss account |
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Shareholders funds/(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 income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2020
, and are signed on behalf of the board by:
Director
Company registration number:
SC473187
Notes to the financial statements
Year ended 31st March 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 123 Irish Street, Dumfries, DG1 2PE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
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.
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:
Freehold property | - |
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Investment property
Impairment
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2018:
2
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The only employees of the company were its directors who received no remuneration or employee benefits during this year or in the prior year.
5.
Tangible assets
Freehold property | Total | ||
£ | £ | ||
Cost | |||
At 1st April 2018 |
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Additions |
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Disposals |
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At 31st March 2019 | - | - | |
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Depreciation | |||
At 1st April 2018 and 31st March 2019 | - | - | |
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Carrying amount | |||
At 31st March 2019 | - | - | |
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At 31st March 2018 |
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Investment property
The investment property was disposed of during the year, no revaluations took place during the year prior to disposal.
6.
Debtors
30/03/19 | 30/03/18 | |||
£ | £ | |||
Other debtors |
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7.
Creditors: amounts falling due within one year
30/03/19 | 30/03/18 | |||
£ | £ | |||
Trade creditors |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
30/03/19 | 30/03/18 | |||
£ | £ | |||
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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9.
Called up share capital
Issued, called up and fully paid
30/03/19 | 30/03/18 | ||||||||
No | £ | No | £ | ||||||
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100 | 100 | 100 | 100 | |||||
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10.
Related party transactions
11.
Controlling party