Premier + Limited - Accounts to registrar (filleted) - small 18.2
Premier + Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 January 2019 to 30 June 2020 |
| for |
| Premier + Limited |
| Premier + Limited (Registered number: 02949985) |
| Contents of the Financial Statements |
| for the Period 1 January 2019 to 30 June 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Premier + Limited |
| Company Information |
| for the Period 1 January 2019 to 30 June 2020 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| 119 The Hub |
| 300 Kensal Road |
| London |
| W10 5BE |
| Premier + Limited (Registered number: 02949985) |
| Balance Sheet |
| 30 June 2020 |
| 30.6.20 | 31.12.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Premier + Limited (Registered number: 02949985) |
| Notes to the Financial Statements |
| for the Period 1 January 2019 to 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| Premier + Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the period 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 period 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| Premier + Limited (Registered number: 02949985) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2019 to 30 June 2020 |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 January 2019 |
| and 30 June 2020 |
| AMORTISATION |
| At 1 January 2019 |
| and 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 31 December 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for period |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 31 December 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 31.12.18 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Artist accounts | (155,586 | ) | (447,270 | ) |
| Directors' current accounts | 356,135 | 356,223 |
| Tax |
| Prepayments |
| Premier + Limited (Registered number: 02949985) |
| Notes to the Financial Statements - continued |
| for the Period 1 January 2019 to 30 June 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.20 | 31.12.18 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes | ( |
) |
| VAT | 28,038 | 34,179 |
| Other creditors |
| Credit card | 1,488 | 9,223 |
| Pension creditor | 663 | 757 |
| Accrued expenses |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 June 2020 and the year ended 31 December 2018: |
| 30.6.20 | 31.12.18 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| The above is in summary form. The loan has no fixed repayment date and interest is charged at the official rate. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by the director, L F Cruickshank by virtue of the 100% shareholding held in the holding company, Premier + Holdings Limited. |