Ladbroke Racing (South East) Limited - Accounts
Ladbroke Racing (South East) Limited - Accounts
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BALANCE SHEET as at |
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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 accounts were approved by the board on Geoffrey Keith Howard Mason Director |
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NOTES TO THE ACCOUNTS for the year ended |
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1 | Accounting policies | ||||||||||||||||
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. |
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2 | Share capital | ||||||||||||||||
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3 | 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 | |||||||||||||||||
4 | Immediate and ultimate parent company | ||||||||||||||||