Queensgrove Ltd Filleted accounts for Companies House (small and micro)
Queensgrove Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
08123852
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Cash at bank and in hand |
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Creditors: amounts falling due within one year |
5 |
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---- |
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Net current assets |
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---- |
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Total assets less current liabilities |
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---- |
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Capital and reserves
Called up share capital |
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---- |
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Shareholders funds |
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---- |
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In accordance with section 444 of the Companies Act 2006, the income statement 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
28 May 2021
, and are signed on behalf of the board by:
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Director |
Company registration number:
08123852
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Notes to the Financial Statements |
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34-35 Eastcastle St, W1W 8DW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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.
Consolidation
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.
Investments in associates
Investments in joint ventures
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.
Finance leases and hire purchase contracts
Financial instruments
4.
Investments
Shares in group undertakings |
Shares in participating interests |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 July 2019 and 30 June 2020 |
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Impairment |
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At 1 July 2019 and 30 June 2020 |
– |
– |
– |
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---- |
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Carrying amount |
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At 30 June 2020 |
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At 30 June 2019 |
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The company’s investments at the balance sheet date and key financial information at 31 August 2020 (the nearest available accounts) are:
2020 |
2019 |
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£ |
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Subsidiary |
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Abacus Ark Limited (50% ordinary shares) |
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Aggregate capital & reserves |
(1,806,147) |
(1,453,947) |
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Loss for the year |
352,200 |
360,513 |
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Associate |
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Abacus Ark 2 Limited (33% ordinary shares) |
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Aggregate capital & reserves |
(3,177,133) |
(3,095,625) |
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Loss for the year |
81,508 |
138,926 |
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5.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Other creditors |
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