SIR WILLIAM BURNETT & COMPANY (CHEMICALS) LIMITED Filleted accounts for Companies House (small and micro)
SIR WILLIAM BURNETT & COMPANY (CHEMICALS) LIMITED Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
00277458
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FOR THE YEAR ENDED |
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FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2019
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Contents |
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Officers and professional advisers |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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OFFICERS AND PROFESSIONAL ADVISERS |
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Director |
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Company secretary |
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Registered office |
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Accountants |
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Chartered accountants |
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Lynton House |
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7-12 Tavistock Square |
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London WC1H 9BQ |
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Bankers |
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Founders Court |
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Lothbury |
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London |
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EC2R 7HE |
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STATEMENT OF FINANCIAL POSITION |
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2019 |
2018 |
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Note |
£ |
£ |
£ |
£ |
FIXED ASSETS
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Investments |
4 |
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CREDITORS: Amounts falling due within one year |
5 |
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NET CURRENT LIABILITIES |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES
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Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
31 July 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
00277458
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton House, 7 - 12 Tavistock Square, London, WC1H 9BQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
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Other investments other than loans |
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£ |
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Cost |
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At 1 January 2019 and 31 December 2019 |
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Impairment |
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At 1 January 2019 and 31 December 2019 |
– |
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Carrying amount |
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At 31 December 2019 |
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At 31 December 2018 |
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5.
Creditors:
Amounts falling due within one year
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2019 |
2018 |
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£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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6.
Related party transactions
At the balance sheet date the company owed £19,072 (2018: £19,072) to Sir William Burnett & Company Limited, the ultimate holding company.
7.
Controlling party
The directors consider the ultimate controlling party to be the Dossetter family. The company is a wholly owned subsidiary of Sir William Burnett & Company Limited, a company incorporated in the United Kingdom. Sir William Burnett & Company Limited is the parent undertaking of the small group for which the company is a member. Being a small group, the group is exempt from producing group consolidated accounts.