Shakeaway Worldwide Holdings Ltd - Period Ending 2020-01-31
Shakeaway Worldwide Holdings Ltd - Period Ending 2020-01-31
Registration number:
Shakeaway Worldwide Holdings Ltd
for the Year Ended 31 January 2020
Shakeaway Worldwide Holdings Ltd
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Shakeaway Worldwide Holdings Ltd
Company Information
Directors |
Mr P J Dickson Mr A Ibze'a Mr M Ibze'a |
Registered office |
|
Accountants |
|
Shakeaway Worldwide Holdings Ltd
(Registration number: 10743838)
Balance Sheet as at 31 January 2020
Note |
2020 |
2019 |
|
Fixed assets |
|||
Investments |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
1,000 |
1,000 |
|
Share premium reserve |
1,217,133 |
1,217,133 |
|
Profit and loss account |
(3,476) |
487 |
|
Shareholders' funds |
1,214,657 |
1,218,620 |
For the financial year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Shakeaway Worldwide Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.
Group accounts not prepared
Going concern
The financial statements have been prepared on a going concern basis.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Shakeaway Worldwide Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)
2 |
Accounting policies (continued) |
Trade debtors
Debtors are recognised at transaction price. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Creditors are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
Subsidiaries |
£ |
Cost |
|
At 1 February 2019 |
|
Carrying amount |
|
At 31 January 2020 |
|
At 31 January 2019 |
|
Shakeaway Worldwide Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)
4 |
Investments (continued) |
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Subsidiary undertaking |
Registered office |
Holding |
Proportion of shares held |
|
2019 |
2019 |
|
8 St Stephens Court, 15-17 St Stephens Road, Bournemouth, Dorset |
Ordinary shares |
|
|
Subsidiary undertakings |
Shakeaway Worldwide Limited The principal activity of Shakeaway Worldwide Limited is |
Debtors |
2020 |
2019 |
|
Other debtors |
|
|
|
|
Creditors |
2020 |
2019 |
|
Due within one year |
||
Amounts owed to subsidiary undertaking |
|
|
Accruals |
|
|
|
|
Dividends |
2020 |
2019 |
|||
£ |
£ |
|||
Interim dividend of £Nil (2019 - £ |
- |
100,000 |
||
Shakeaway Worldwide Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020 (continued)
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
|||
No. |
£ |
No. |
£ |
|
|
|
1,000 |
|
1,000 |
50 ordinary shares were allotted on incorporation of the company, and a further 950 ordinary shares were allotted on 25/07/2017. Each share having a nominal value of £1 and full entitlement to profit and capital distribution. Total consideration for the shares amounted to £1,218,133 giving rise to a share premium reserve of £1,217,133.
Control
Although Mr P J Dickson owns 65% of the share capital of the company, the 3 director/shareholders have equal voting rights irrespective of the number of shares held.