Tom Young (Holdings) Ltd 31/03/2018 iXBRL
Tom Young (Holdings) Ltd 31/03/2018 iXBRL
Company registration number:
SC047309
Unaudited filleted financial statements
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31 March 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 4 |
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Current assets | |||||||||
Debtors | 5 |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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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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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
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.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 December 2018
, and are signed on behalf of the board by:
Director
Company registration number:
SC047309
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Wishaw Low Road, Cleland, Motherwell, Lanarkshire, ML1 5QU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
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.
Investments
Shares in group undertakings and participating interests | Total | ||
£ | £ | ||
Cost | |||
At 1 April 2017 and 31 March 2018 |
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_______ | _______ | ||
Impairment | |||
At 1 April 2017 and 31 March 2018 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 March 2018 |
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_______ | _______ | ||
At 31 March 2017 |
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_______ | _______ | ||
5.
Debtors
2018 | 2017 | |||
£ | £ | |||
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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_______ | _______ | |||
6.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
7.
Controlling party
The director considers that control rests with himself.