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Company registration number:08004646
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PATERNOSTER INVESTMENTS LTD
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ABBREVIATED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 March 2016 |
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PATERNOSTER INVESTMENTS LTD |
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BALANCE SHEET |
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AS AT 31 March 2016
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2016 |
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2015 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Investments | | | | 3,062 | | | | 12 | |
Tangible assets | 2 | | | 3,410 | | | | 2,305 | |
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| | | | | 6,472 | | | | 2,317 | |
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CURRENT ASSETS |
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Debtors | | 68,900 | | | | 58,460 | | | | |
Cash at bank and in hand | | 4,269 | | | | 4,983 | | | | |
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| | | 73,169 | | | | 63,443 | | | |
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CREDITORS |
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Amounts falling due within one year | (79,492) | | | | (65,591) | | | |
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NET CURRENT ASSETS |
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(6,323) |
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(2,148) |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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149 |
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169 |
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NET ASSETS |
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149 |
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169 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
4 |
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106 |
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106 |
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Profit and loss account |
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43 |
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63 |
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SHAREHOLDERS FUNDS |
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149 |
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169 |
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For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006 | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. | | | | | | | |
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.......................................................................... |
C Baker - Director |
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1 December 2016
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The annexed notes form part of these financial statements. | | | | | | | |
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PATERNOSTER INVESTMENTS LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).
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| Statement of cashflow | | | | | | | | |
| The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company. | |
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. | |
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| Investments |
| Investments are stated at their market value at the year end. The market value of quoted securities is based on the middle market quotation on the relevant Stock Exchange. Other securities are valued by the trustees at the year end. | |
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| Fixed assets | | | | | | | | |
| Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: | |
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| Fixtures and Fittings - 20 % per annum of cost | |
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| Motor Vehicles - 20% per annum of cost | |
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2. | Tangible fixed assets | | | | | | | | | |
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| | | | Total | |
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| Cost | | | | | | | | | | |
| At start of period | | 3,573 | |
| Additions | | | 2,275 | |
| At end of period | | 5,848 | |
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| Depreciation | | | | | | | | | | |
| At start of period | | 1,268 | |
| Provided during the period | | 1,170 | |
| At end of period | | 2,438 | |
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| Net Book Value | | | | | | | | | |
| At start of period | | 2,305 | |
| At end of period | | 3,410 | |
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3. | Debtors | | | | | | | |
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| Other Debtors is a long term loan to Apex Performance Bike Ltd. During the year the company made loans to Epic Taverns Limited during its start up period. These loans totalled £13,854 at 31 March 2016. Mr Baker is a shareholder and director of both companies. |
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4. |
Share capital |
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Allotted, issued and fully paid
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2016 |
2015 |
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£ |
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| Ordinary shares of £1 each | | 100 | 100 | | | |
| Ordinary B Shares of £1 each | | 6 | 6 | | | |
| Total issued share capital | | 106 | 106 | | | |
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5. | Transactions with directors | | | | | | | | |
| At 31 March 2016, Mr C Baker, director, was owed £72,526 (2015 - £60,476). This is an interest-free loan which is repayable on demand. | |
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6. | Ultimate controlling party | | | | | | | | |
| The ultimate controlling party is Charles Baker, a director and shareholder of the company. | |
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