Strikeglen Limited
Strikeglen Limited
Registered number: 03567755
Unaudited Financial Statements
For The Year Ended
31 May 2020
Mouktaris & Co
Chartered Accountants & Registered Auditors
156a Burnt Oak Broadway
Edgware
Middlesex
HA8 0AX
Strikeglen Limited
Unaudited Financial Statements
For The Year Ended
31 May 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
Strikeglen Limited
Statement of Financial Position
As at
31 May 2020
Statement of Financial Position
Registered number:
03567755
For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | € | € | € | € | |
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Provisions For Charges |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 36,032 | 37,188 | |||
Page 1
Strikeglen Limited
Statement of Financial Position (continued)
As at
31 May 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Strikeglen Limited
Notes to the Financial Statements
For The Year Ended
31 May 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the entity.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer; 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. This is usually at the point that the customer has signed for the delivery of the goods.
1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2019: 1)
3.
Debtors
| 2020 | 2019 | ||
|---|---|---|---|
| € | € | ||
| Due within one year | |||
| Trade debtors |
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4.
Creditors: Amounts Falling Due Within One Year
| 2020 | 2019 | ||
|---|---|---|---|
| € | € | ||
| Trade creditors |
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| Other creditors |
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5.
Share Capital
| 2020 | 2019 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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6.
Ultimate Controlling Party
The company is controlled by
M.N.C Management Ltd
by virtue of its 100% shareholding.
Page 3
Strikeglen Limited
Notes to the Financial Statements (continued)
For The Year Ended
31 May 2020
7.
General Information
Strikeglen Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
03567755
. The registered office is 156a Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.
Page 4