Competition Management Services Co. Limited - Accounts

COMPETITION MANAGEMENT SERVICES CO. LIMITED - Company Information

Competition Management Services Co. Limited 01109307 true false 0 2016-01-01 2016-12-31 The directors acknowledge their responsibilities for:

a) ensuring the Company keeps accounting records that comply with section 386 of the Companies Act 2006 (the “Act”); and

b) preparing financial statement that give a true and fair view of the state of affairs of the Company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393 of the Act, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the Company.
01109307 2016-01-01 2016-12-31 01109307 2015-12-31 01109307 2016-12-31 01109307 uk-bus:Director1 2016-01-01 2016-12-31 01109307 uk-bus:Director1 2016-07-15 01109307 uk-bus:Director2 2016-01-01 2016-12-31 01109307 uk-bus:Director3 2016-01-01 2016-12-31 01109307 uk-bus:Director3 2016-07-15 01109307 uk-bus:OrdinaryShareClass1 2016-01-01 2016-12-31 01109307 uk-bus:OrdinaryShareClass1 2016-12-31 01109307 uk-bus:OrdinaryShareClass1 2015-12-31 01109307 uk-bus:OrdinaryShareClass2 2016-01-01 2016-12-31 01109307 uk-bus:OrdinaryShareClass2 2016-12-31 01109307 uk-bus:OrdinaryShareClass2 2015-12-31 01109307 uk-bus:OrdinaryShareClass3 2016-01-01 2016-12-31 01109307 uk-bus:OrdinaryShareClass3 2016-12-31 01109307 uk-bus:OrdinaryShareClass3 2015-12-31 iso4217:GBP xbrli:shares

Registered Number: 01109307

Competition Management Services Co. Limited

Abbreviated Company Accounts

31 December 2016

Competition Management Services Co. Limited

Registered Number: 01109307

BALANCE SHEET

as at 31 December 2016

	Notes	2016		2015
		£	£	£	£
Current Assets
Creditors
Creditors: amounts falling due within one year	2	(499,123)		(499,123)
Net current assets (liabilities)			(499,123)		(499,123)
Total assets less current liabilities			(499,123)		(499,123)
Creditors: amounts falling due after more than one year	3		(162,500)		(162,500)
Total net assets (liabilities)			(661,623)		(661,623)

Capital and reserves
Called up share capital	4		5,000		5,000
Profit and Loss Account			(666,623)		(666,623)
Total Shareholder's funds			(661,623)		(661,623)

For the year ended 31 December 2016, the Company was entitled to audit exemption under section 480 of the Companies Act 2006.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for: a) ensuring the Company keeps accounting records that comply with section 386 of the Companies Act 2006 (the “Act”); and b) preparing financial statement that give a true and fair view of the state of affairs of the Company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of section 393 of the Act, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the Company.

The abbreviated accounts have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

The accounts were approved by the board on 14 July 2017 and signed on its behalf by:

Geoffrey Keith Howard Mason

Director

Competition Management Services Co. Limited

Registered Number: 01109307

NOTES TO THE ACCOUNTS

for the year ended 31 December 2016

Accounting policies

Fundamental accounting concept
The financial statements have been prepared under the going concern concept because the ultimate parent company has agreed to provide financial support to the Company to enable it to meets its liabilities as they fall due should the Company’s income not be sufficient.

Basis of preparation
The financial statements have been prepared under the historical cost convention. They have been drawn up to comply, in all material respects, with applicable UK accounting standards.

From 1 January 2016, the Company has elected to use the FRS102 Transitional relief provision as per paragraph 35.10(m) for dormant companies. This enables a company within the Companies Act definition of a dormant company to elect to retain its accounting policies for reported assets, liabilities and equity at the date of transition to FRS102 until there are any changes to those balances or the company undertakes any new transactions.

Creditors : amounts falling due within one year

	2016	2015
	£	£
Other creditors	499,123	499,123

Other creditors relate to amounts due to group companies which are included under amounts falling due within one year where there are no specified terms as to their repayment.

Creditors : amounts falling due after more than one year

	2016	2015
	£	£
Other creditors	162,500	162,500

Other creditors relate to a loan which, by agreement with the lender, is repayable only if and when the profits o the Company arising from its business as managers of lottery promotions, accumulated from the commencement of trading, shall exceed a sum of £650,000. No interest is payable on the loan.

Share capital

	2016	2015
	£	£
Allotted, called up and fully paid
3,625 A Ordinary shares of £1 each	3,625	3,625
1,250 B Ordinary shares of £1 each	1,250	1,250
125 C Ordinary shares of £1 each	125	125

Related party disclosures

The Company has taken advantage of FRS 8 which exempts subsidiary undertakings, 100% of whose voting rights are controlled within the Group, from disclosing transactions with other entities within the Group. The ultimate parent company, Ladbrokes Coral Group plc, has included the required related party disclosures within its group consolidated financial statements.

Immediate and ultimate parent company

The Company’s immediate parent company is Ladbroke Dormant Holdings Company Limited, a company registered in England and Wales. The ultimate parent company is Ladbrokes Coral Group plc, a company registered in England and Wales. Copies of the group consolidated financial statements of Ladbrokes Coral Group plc can be obtained from 5th Floor, The Zig Zag Building, 70 Victoria Street, London SW1E 6SQ.