CRUCIAL_BRANDS_HOLDINGS_L - Accounts

CRUCIAL BRANDS HOLDINGS LIMITED - Company Information

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CRUCIAL BRANDS HOLDINGS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Company Registration No. SC482304 (Scotland)

CRUCIAL BRANDS HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CRUCIAL BRANDS HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

Current assets

Debtors

500,000

Cash at bank and in hand

Net current assets

500,011

Total assets less current liabilities

500,014

Creditors: amounts falling due after more than one year

(200,000)

(199,986)

500,014

Capital and reserves

Called up share capital

Share premium account

881,970

500,011

Profit and loss account

(1,081,959)

Shareholders' funds

(199,986)

500,014

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 August 2017

Mr S Watson

Mr B Woods

Director

Company Registration No. SC482304

CRUCIAL BRANDS HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

At 30 September 2016 the company's liabilities exceeded its assets by £199,986. Included within creditors falling due after more than one year is an interest free loan from a company director totalling £200,000. There is no set repayment terms to this loan and the director will not seek repayment of this amount until the company has sufficient funds to do so. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 October 2015 & at 30 September 2016

At 30 September 2015

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

LDC Scotland Ltd

Scotland

Ordinary shares

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

LDC Scotland Ltd

Wholesale of spirits

582,224

647,110

CRUCIAL BRANDS HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

28,956 Ordinary Shares of 0.0001p each

During the year 2,212 ordinary shares of 0.0001p each were allotted and fully paid. Each share was issued at £172.67 per share.