XIP Limited Small abridged accounts
XIP Limited Small abridged accounts
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
COMPANY REGISTRATION NUMBER:
08184080
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FOR THE YEAR ENDED |
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ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2016
Contents |
Page |
Officers and Professional Advisers |
1 |
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements |
2 |
Abridged Statement of Financial Position |
3 |
Notes to the Abridged Financial Statements |
5 |
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OFFICERS AND PROFESSIONAL ADVISERS |
The Board of Directors |
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Registered Office |
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Accountants |
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Accountants and Registered Auditors |
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Lifford Hall |
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Lifford Lane |
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Kings Norton |
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Birmingham |
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B30 3JN |
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REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
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YEAR ENDED 31 DECEMBER 2016
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2016 |
2015 |
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Note |
£ |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Creditors: amounts falling due within one year |
5 |
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Net current liabilities |
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Total assets less current liabilities |
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Capital and reserves
Called up share capital |
6 |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
14 September 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
08184080
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 31 DECEMBER 2016
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
3.
Accounting Policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these abridged financial statements. There have been no movements in members funds during the current year or prior year.
Consolidation
Judgements and key sources of estimation uncertainty
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
Financial instruments
4.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2016 and 31 December 2016 |
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Impairment |
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At 1 January 2016 and 31 December 2016 |
– |
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Carrying amount |
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At 31 December 2016 |
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5.
Creditors:
amounts falling due within one year
2016 |
2015 |
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£ |
£ |
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Director loan accounts |
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6.
Called Up Share Capital
Issued, called up and fully paid
2016 |
2015 |
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No. |
£ |
No. |
£ |
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200 |
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200 |
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During the year 100 ordinary £1 shares were issued at par value.
7.
Related Party Transactions
The company was under the control of I Hippach and
S Turner
throughout the current and previous year. They are the managing directors and majority shareholders. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.
8.
Transition to FRS 102
These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.
No transitional adjustments were required in equity or profit or loss for the year.