Ciki Limited - Period Ending 2016-12-31

Registration number: 08309201

Ciki Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2016

UBT Accountants Ltd
Exchange Place
Poseidon Way
Warwick
CV34 6BY

Ciki Limited

Contents

Company Information	1
Director's Report	2
Accountants' Report	3
Abridged Balance Sheet	4
Notes to the Abridged Financial Statements	5 to 7

Ciki Limited

Company Information

Director

M Magee

Registered office

1 Michigan Drive Tongwell Milton Keynes MK15 8HQ

Accountants

UBT Accountants Ltd Exchange Place Poseidon Way Warwick CV34 6BY

Page 1

Ciki Limited

Director's Report for the Year Ended 31 December 2016

The director presents his report and the abridged financial statements for the year ended 31 December 2016.

Director of the company

The director who held office during the year was as follows:

M Magee

Principal activity

The principal activity of the company is is to act as corporate partner in Carlton Packaging LLP.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 27 September 2017 and signed on its behalf by:

.........................................
M Magee
Director

Page 2

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ciki Limited
for the Year Ended 31 December 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ciki Limited for the year ended 31 December 2016 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Ciki Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ciki Limited and state those matters that we have agreed to state to the Board of Directors of Ciki Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ciki Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ciki Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ciki Limited. You consider that Ciki Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ciki Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

UBT Accountants Ltd
Exchange Place
Poseidon Way
Warwick
CV34 6BY

27 September 2017

Page 3

Ciki Limited

(Registration number: 08309201)
Abridged Balance Sheet as at 31 December 2016

	Note	2016 £	2015 £
Fixed assets
Intangible assets	3	20,000	30,000
Investments	4	1,032,883	800,481
		1,052,883	830,481
Current assets
Cash at bank and in hand		13,587	100
Creditors: Amounts falling due within one year		(164,060)	(224,184)
Net current liabilities		(150,473)	(224,084)
Net assets		902,410	606,397
Capital and reserves
Called up share capital		100	100
Profit and loss account		902,310	606,297
Total equity		902,410	606,397

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 27 September 2017
 

.........................................

M Magee

Director

The notes on pages 5 to 7 form an integral part of these abridged financial statements.

Page 4

Ciki Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

1	General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
1 Michigan Drive
Tongwell
Milton Keynes
MK15 8HQ

These financial statements were authorised for issue by the director on 27 September 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the Company's share of the profits of Carlton Packaging LLP.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Asset class	Amortisation method and rate
Goodwill	20%

Investments

Investments held as fixed assets are shown at cost less provision for impairment. Unlisted investments represent the company's capital account in Carlton Packaging LLP and are stated at cost, plus allocated profits, less drawings to date. Allocated profits are shown as part of turnover.

Page 5

Ciki Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Intangible assets

	Total £
Cost or valuation
At 1 January 2016	50,000
At 31 December 2016	50,000
Amortisation
At 1 January 2016	20,000
Amortisation charge	10,000
At 31 December 2016	30,000
Carrying amount
At 31 December 2016	20,000
At 31 December 2015	30,000

4	Investments

	Total £
Cost or valuation
At 1 January 2016	800,481
Additions	232,402
At 31 December 2016	1,032,883
Carrying amount
At 31 December 2016	1,032,883
At 31 December 2015	800,481

Page 6

Ciki Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2016

5	Transition to FRS 102

Balance Sheet at 31 December 2015
 

	Note	As originally reported £	Reclassification £	Remeasurement £	As restated £
Fixed assets
Intangible assets		30,000	-	-	30,000
Investments		795,954	4,527	-	800,481
		825,954	4,527	-	830,481
Current assets
Cash at bank and in hand		100	-	-	100
Creditors: Amounts falling due within one year		(223,279)	(905)	-	(224,184)
Net current liabilities		(223,179)	(905)	-	(224,084)
Net assets		602,775	3,622	-	606,397
Capital and reserves
Called up share capital		100	-	-	100
Profit and loss account		602,675	3,622	-	606,297
Total equity		602,775	3,622	-	606,397

Page 7