Generic Holdings Limited 30/09/2017 iXBRL
Generic Holdings Limited 30/09/2017 iXBRL
Company registration number:
09567394
Unaudited filleted abridged financial statements
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Accountants |
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1 Kings Avenue | ||
Winchmore Hill | ||
London | ||
N21 3NA | ||
Abridged statement of financial position
30 September 2017
30/09/17 | 30/09/16 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 5 |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year |
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(
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
22 June 2018
, and are signed on behalf of the board by:
Director
Company registration number:
09567394
Notes to the financial statements
Year ended 30 September 2017
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Kings Avenue, Winchmore Hill, London, N21 3NA.
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 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Taxation
Fixed asset 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.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
).
5.
Investments
£ | ||
Cost | ||
At 1 October 2016 and 30 September 2017 |
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_______ | ||
Impairment | ||
At 1 October 2016 and 30 September 2017 | - | |
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Carrying amount | ||
At 30 September 2017 |
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At 30 September 2016 |
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_______ | ||
6.
Related party transactions
As at the year end there was a balance of £11,500 (2016 - £11,500) due to Generic Properties Limited, a company registered in England.
Generic Holdings Limited
owns 100% of the ordinary share capital of Generic Properties Limited.
7.
Controlling party
The ultimate controlling party of the company is Mr D Chrysanthou.
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
Reconciliation of equity
No transitional adjustments were required.
Reconciliation of profit or loss for the year
No transitional adjustments were required.
Statement of consent to prepare abridged financial statements