Ciki Limited - Period Ending 2017-12-31

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Registration number: 08309201

Ciki Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 December 2017

UBT Accountants Ltd
Exchange Place
Poseidon Way
Warwick
CV34 6BY

Ciki Limited

Contents

Company Information	1
Abridged Statement of Financial Position	2
Notes to the Abridged Financial Statements	3 to 4

Ciki Limited

Company Information

Director

M Magee

Registered office

1 Michigan Drive
Tongwell
Milton Keynes
Buckinghamshire
MK15 8HQ

Accountants

UBT Accountants Ltd
Exchange Place
Poseidon Way
Warwick
CV34 6BY

Page 1

Ciki Limited

(Registration number: 08309201)
Abridged Statement of Financial Position as at 31 December 2017

	Note	2017 £	2016 £
Fixed assets
Intangible assets	2	10,000	20,000
Investments	3	1,263,880	1,032,883
		1,273,880	1,052,883
Current assets
Cash at bank and in hand		7,100	13,587
Creditors: Amounts falling due within one year		(143,442)	(164,060)
Net current liabilities		(136,342)	(150,473)
Net assets		1,137,538	902,410
Capital and reserves
Called up share capital		100	100
Profit and loss account		1,137,438	902,310
Total equity		1,137,538	902,410

For the financial year ending 31 December 2017 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 Statement of Comprehensive Income and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 26 September 2018

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

M Magee

Director

The notes on pages 3 to 4 form an integral part of these abridged financial statements.

Page 2

Ciki Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2017

1	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.

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.

Page 3

Ciki Limited

Notes to the Abridged Financial Statements for the Year Ended 31 December 2017 (continued)

2	Intangible fixed assets

	Goodwill £	Total £
Cost or valuation
At 1 January 2017	50,000	50,000
At 31 December 2017	50,000	50,000
Amortisation
At 1 January 2017	30,000	30,000
Amortisation charge	10,000	10,000
At 31 December 2017	40,000	40,000
Carrying amount
At 31 December 2017	10,000	10,000
At 31 December 2016	20,000	20,000

3	Fixed assets investments

	Total £
Cost or valuation
At 1 January 2017	1,032,883
Additions	230,997
At 31 December 2017	1,263,880
Carrying amount
At 31 December 2017	1,263,880
At 31 December 2016	1,032,883

4	Related party transactions

Included within other creditors falling due within one year is £82,539 (2016: £85,339) due to M Magee, the director.

5	Controlling Party

The company is under the control of M Magee, the director, and Mrs B Magee, who own 100% of the issued share capital.

Page 4