Strictly Confidential (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03693936 (England and Wales)

Financial Statements

for the Year Ended 31 December 2019

for

Strictly Confidential (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

K M Hoskins

J B Minch

J D Selby

Registered office:

Aldwych House,

71-91 Aldwych,

London,

WC2B 4HN

Registered number:

03693936 (England and Wales)

Auditors:

Benjamin Taylor Diner Limited, Statutory Auditor

120 New Cavendish Street,

London

W1W 6XX

Current assets

Debtors

4

201,700

372,341

Cash at bank

120,596

29,380

322,296

401,721

Creditors

Amounts falling due within one year

5

(53,131

)

(80,626

)

Net current assets

269,165

321,095

Total assets less current liabilities

269,165

321,095

Creditors

Amounts falling due after more than one year

6

(951,311

)

(942,489

)

Net liabilities

(682,146

)

(621,394

)

Capital and reserves

Called up share capital

1

1

Retained earnings

(682,147

)

(621,395

)

(682,146

)

(621,394

)

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2022 and were signed on its behalf by:

K M Hoskins - Director

1.	Statutory information

Strictly Confidential (UK) Limited is a private company limited by shares incorporated in England and

Wales. The registered office is 7 Bell Yard, London, WC2A 2JR.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and estimates

In the application of the Company's accounting policies, management are required to make judgments,estimates and assumptions about carrying values of assets and the liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised if the revisions affect only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contrat when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the cost to complete the contract can be measured reliably.

Financial instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Taxation

Taxation for the year 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 year 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.

Going concern

The financial statements have been prepared on the going concern basis.The Company's group undertakings and ultimate shareholders continue to provide financial support, which the directors are confident with continue for a period of not less than twelve months from the date of approval of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and bank

overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	Employees and directors

The average number of employees during the year was 2 (2018 - 2 ) .

4.

Debtors: amounts falling due within one year

31.12.19

31.12.18

£

£

Other debtors

201,700

372,341

5.

Creditors: amounts falling due within one year

31.12.19

31.12.18

£

£

Taxation and social security

11,444

16,094

Other creditors

41,687

64,532

53,131

80,626

6.

Creditors: amounts falling due after more than one year

31.12.19

31.12.18

£

£

Amounts owed to group undertakings

951,311

942,489

7.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Jeffrey Diner FCA (Senior Statutory Auditor)

for and on behalf of Benjamin Taylor Diner Limited, Statutory Auditor

8.	Financial guarantees

The assets of the Company are secured against the borrowings of its group undertakings by way of a cross guarantee charge. This charge was satisfied on 27 April 2021.

9.	Related party disclosures

10.	Ultimate controlling party