Nathris Limited Company Accounts
Nathris Limited Company Accounts
COMPANY REGISTRATION NUMBER:
06155256
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Financial Statements |
Year ended 31 March 2017
Contents |
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Officers and professional advisers |
1 |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
5 |
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Officers and Professional Advisers |
The board of directors |
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Company secretary |
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Registered office |
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Accountants |
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Chartered Accountants |
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62 Chorley New Road |
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Bolton |
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Lancashire |
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BL1 4BY |
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Bankers |
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Leicester |
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LE87 2BB |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 March 2017
62 Chorley New Road
Bolton
Lancashire
BL1 4BY
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Cash at bank and in hand |
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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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Creditors: amounts falling due after more than one year |
6 |
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Provisions
Taxation including deferred tax |
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– |
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Net assets |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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-------- |
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Members funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
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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 financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
15 November 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
06155256
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Notes to the Financial Statements |
Year ended 31 March 2017
1.
General information
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 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
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Impairment of fixed assets
Provisions
4.
Tangible assets
Investment properties |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2016 and 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
– |
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Charge for the year |
– |
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------- |
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At 31 March 2017 |
– |
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------- |
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Carrying amount |
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At 31 March 2017 |
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At 31 March 2016 |
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In the opinion of the directors, the value of the properties is a fair reflection of their market value, in the current and previous period.
5.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
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Corporation tax |
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Other creditors |
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6.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
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£ |
£ |
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Bank loans and overdrafts |
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7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Balance brought forward and outstanding |
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2017 |
2016 |
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£ |
£ |
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(
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(
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At the year-end,
Nathris Limited
owed £0 (2016: £10,000) to Mescal Computer Consultants Limited, a company which Mr C Swain, the director and equal shareholder of Nathris Limited
, is a director and sole shareholder.
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.
No transitional adjustments were required in equity or profit or loss for the year.