Pool Trading Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09177274 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Pool Trading Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs B Spofforth

Mrs L Beach

REGISTERED OFFICE:

Unit 3

North Moss Lane Industrial Estate

Beels Road

Stallingborough

DN41 8DN

REGISTERED NUMBER:

09177274 (England and Wales)

ACCOUNTANTS:

Pareto Tax & Wealth LLP

Level 7, Tower 12,

18-22 Bridge Street,

Spinningfields,

Manchester

M3 3BZ

FIXED ASSETS

Investments

4

190,554

190,554

CURRENT ASSETS

Debtors

5

47

47

Cash at bank

-

797

47

844

CREDITORS

Amounts falling due within one year

6

-

852

NET CURRENT ASSETS/(LIABILITIES)

47

(8

)

TOTAL ASSETS LESS CURRENT LIABILITIES

190,601

190,546

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

190,501

190,446

SHAREHOLDERS' FUNDS

190,601

190,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 and authorised for issue on 3 September 2020 and were signed on its behalf by:

Mrs L Beach - Director

1.	STATUTORY INFORMATION

Pool Trading 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.

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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 6 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

190,554

NET BOOK VALUE

At 31 December 2019

190,554

At 31 December 2018

190,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Amounts owed by group undertakings

47

47

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other creditors

-

852

7.	RELATED PARTY DISCLOSURES

During the year management charges of £Nil (2018: £1,000) and dividends of £13,530 (2018: £70,125) were

received from Swimrite Supplies Limited, a wholly owned subsidiary. At the balance sheet date Pool Trading

Limited was owed £47 (2018: £47) by Swimrite Supplies Limited.

The bank loans in Splashabout International Limited, a company under common control, are secured by an

unlimited guarantee between the company, Kiddy Cloud Limited, Swimrite Supplies Limited and Pool Trading

Limited.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Kiddycloud Limited.