Cullinan Diamonds UK Limited Filleted accounts for Companies House (small and micro)

CULLINAN DIAMONDS UK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04371739

Cullinan Diamonds UK Limited

Filleted Unaudited Financial Statements

28 February 2022

Cullinan Diamonds UK Limited

Statement of Financial Position

28 February 2022

	2022		2021
Note	£	£	£

Current assets

Stocks		9,400	12,269
Debtors	5	1,342	1,479
Cash at bank and in hand		6,709	7,045
		--------	--------
		17,451	20,793

Creditors: amounts falling due within one year	6	132,207		117,053
		---------		---------
Net current liabilities			114,756	96,260
			---------	--------
Total assets less current liabilities			( 114,756)	( 96,260)
			---------	--------
Net liabilities			( 114,756)	( 96,260)
			---------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 114,758)	( 96,262)
	---------	--------
Shareholders deficit	( 114,756)	( 96,260)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his 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 30 November 2022 , and are signed on behalf of the board by:

Mr Mark Ronald Cullinan
Director

Company registration number: 04371739

Cullinan Diamonds UK Limited

Notes to the Financial Statements

Year ended 28 February 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Sutherland House, 5-6 Argyll Street, London, W1F 7TE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will provide continuing support to the company during this uncertain period.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); 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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).

5. Debtors

	2022	2021
	£	£
Other debtors	1,342	1,479
	-------	-------

6. Creditors: amounts falling due within one year

	2022	2021
	£	£
Social security and other taxes	135	–
Other creditors	132,072	117,053
	---------	---------
	132,207	117,053
	---------	---------

Other creditors includes directors loan of £123,612 (2021: £114,593).

7. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.