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PCL CERAMICS HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 26 NOVEMBER 2021
PCL Ceramics Holdings Limited is a private company limited by shares, incorporated in England and Wales, with a company registration number of 11051295. The address of the registered office is Riverside Industrial Estate, Estuary Road, King's Lynn, Norfolk, PE30 2HS.
The financial statements are prepared in sterling which is the functional currency of the company and
rounded to the nearest £.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The Company is the parent Company of PCL Ceramics Limited. The directors of PCL Ceramics Limited are continually assessing the impact of COVID-19. They have not encountered any significant adverse impacts as a result of the pandemic and have continued to trade profitably and have prepared accounts on a going concern basis. Therefore, the directors of PCL Ceramics Holdings Limited deem it appropriate to prepare the accounts on a going concern basis.
Short-term debtors are measured at transaction price, less any impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The Company has no employees other than the directors, who did not receive any remuneration (2020 - £NIL).
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The average monthly number of employees, including directors, during the period was 0 (2020 - 0).
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Amounts owed by group undertakings
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