Nulands Strategic Limited Filleted accounts for Companies House (small and micro)
Nulands Strategic Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09805337
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Financial Statements |
Year ended 31 October 2017
Contents |
Page |
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 October 2017
22 Friars Street
Sudbury
Suffolk
CO10 2AA
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
4 |
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– |
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Current assets
Debtors |
5 |
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– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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– |
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Net current (liabilities)/assets |
(
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------- |
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Total assets less current liabilities |
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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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Profit and loss account |
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– |
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------- |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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 his 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
27 July 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09805337
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Notes to the Financial Statements |
Year ended 31 October 2017
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 22 Friars Street, Sudbury, Suffolk, CO10 2AA. The business address is Peacock Hall Farm, Sudbury, Suffolk, CO10 0PE.
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 2 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
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:
Leasehold Improvements |
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Office Equipment |
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Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
4.
Tangible assets
Land and buildings |
Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2016 |
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– |
– |
Additions |
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At 31 October 2017 |
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Depreciation |
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At 1 November 2016 |
– |
– |
– |
Charge for the year |
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At 31 October 2017 |
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Carrying amount |
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At 31 October 2017 |
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At 31 October 2016 |
– |
– |
– |
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5.
Debtors
2017 |
2016 |
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£ |
£ |
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Other debtors |
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– |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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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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– |
Social security and other taxes |
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– |
Other creditors |
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– |
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7.
Related party transactions
Included in Creditors is a balance of £11,054 due to Nulands Limited. No interest has been applied in connection with this balance.
8.
Controlling party
The company was under the control of the director who owns 100% of the issued share capital.
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 2 October 2015.
No transitional adjustments were required in equity or profit or loss for the period.