Caroline Partners Ltd - Accounts to registrar - small 17.1

REGISTERED NUMBER: 09072043 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

CAROLINE PARTNERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Atherton

M J Waudby

C E Widdows

A P Purnell

REGISTERED OFFICE:

Unit 1.1,

Paintworks,

Bath Road,

Bristol

BS4 3EH

REGISTERED NUMBER:

09072043 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

CURRENT ASSETS

Stocks

1,575

-

Debtors

4

16,475

21,628

Cash at bank

123,601

33,401

141,651

55,029

CREDITORS

Amounts falling due within one year

5

106,244

18,900

NET CURRENT ASSETS

35,407

36,129

TOTAL ASSETS LESS CURRENT LIABILITIES

35,407

36,129

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

35,307

36,029

SHAREHOLDERS' FUNDS

35,407

36,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 August 2017 and were signed on its behalf by:

P G Atherton - Director

1.	STATUTORY INFORMATION

Caroline Partners Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

16,049

7,870

Other debtors

426

13,758

16,475

21,628

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

2,842

5,349

Taxation and social security

22,396

12,791

Other creditors

81,006

760

106,244

18,900

6.	RELATED PARTY DISCLOSURES

During the year, the company made sales of £7,570 excluding VAT (2015: £4,930) and

purchase of £22,118 (2015: £885) to Ignition DG Limited, an associated company. At the

year end, the company owed Ignition DG Ltd £480 (2015: £5,297), this amount is included in

trade creditors (2015: Other creditors).

During the year, the company invoiced Phoenix Wharf Design Limited, an associated

company, £2,957 (2015: £Nil) and was invoiced by Phoenix Wharf Design Limited £7,350

(2015: £Nil).

During the year, the company was invoiced by Tiny Sparks Limited, an associated company,

£16,500 (2015: £Nil).

During the year, the company loaned £Nil (2015: £8,652) and repaid £8,460 (2015: £Nil) to

Blue Flint Group Ltd, a shareholder of the company. At the year end, the company was owed

£Nil (2015: £8,460).

During the year the following directors received dividends:

M J Waudby - £32,711

A P Purnell - £33,344

7.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.