Ethnic Brand Marketing Limited - Accounts to registrar (filleted) - small 18.2

Ethnic Brand Marketing Limited - Accounts to registrar (filleted) - small 18.2

ETHNIC BRAND MARKETING LIMITED - Company Information

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REGISTERED NUMBER: 08451578 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

ETHNIC BRAND MARKETING LIMITED
ETHNIC BRAND MARKETING LIMITED (REGISTERED NUMBER: 08451578)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ETHNIC BRAND MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2019







DIRECTOR: K.A. Mody





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 08451578 (England and Wales)





ACCOUNTANTS: Pittalis Gilchrist LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP
Page 1
ETHNIC BRAND MARKETING LIMITED (REGISTERED NUMBER: 08451578)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2019

30.6.19 30.6.18
Notes £    £   
CURRENT ASSETS
Stocks 30,706 -
Debtors 4 99,648 -
Cash at bank and in hand 100 3,196
130,454 3,196
CREDITORS
Amounts falling due within one year 5 186,586 33,980
NET CURRENT LIABILITIES (56,132 ) (30,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(56,132
)
(30,784
)

RESERVES
Retained earnings (56,132 ) (30,784 )
SHAREHOLDERS' FUNDS (56,132 ) (30,784 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 June 2020 and were signed by:





K.A. Mody - Director


The notes form part of these financial statements

Page 2
ETHNIC BRAND MARKETING LIMITED (REGISTERED NUMBER: 08451578)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2019

1. STATUTORY INFORMATION

Ethnic Brand Marketing Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are
provided to the customer.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Stock is valued at the lower of cost and net realisable value. Net realisable value represents estimated selling
price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the
net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares.

Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance
from the directors that they will continue to give financial support to the company for twelve months from the date
of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts
on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going
concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made
to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might
arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary
should this basis not continue to be appropriate.

Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of
not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of
change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

Page 3 continued...
ETHNIC BRAND MARKETING LIMITED (REGISTERED NUMBER: 08451578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2019

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Trade debtors 43,152 -
Amounts owed by group undertakings 51,758 -
Other debtors 4,738 -
99,648 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.19 30.6.18
£    £   
Bank loans and overdrafts 24,890 -
Trade creditors 64,482 3,830
Amounts owed to group undertakings 77,735 12,666
Taxation and social security - 616
Other creditors 19,479 16,868
186,586 33,980

6. RELATED PARTY DISCLOSURES

Included in other debtors there is an amount owed by Mongoose Brewing Limited of £49,758 (2018 - £nil) and an
amount owed by W.B Poultry Limited of £2,000 (2018 -£nil), all companies are under the same control of one of
the director/shareholder.

Included in creditors there is an amount owed to AK Partnership Limited of £10,666 (2018 - £10,666) , an amount
owed to Azizi Drinks Ltd of £1,800 (2018 -£nil) , and an amount owed to Gandhi Wines Suppliers of £65,269
(2018 -£2,000), all companies are under the same control of one of the director/shareholder.

7. ULTIMATE CONTROLLING PARTY

AK Partnership Limited controls the company by virtue of their direct interest in the whole of the issued share
capital.

8. EVENTS AFTER THE PERIOD

During the year the company had spent significant amounts in advertising and consultancy in order to promote
their brands, which has progressed considerably. The benefits of this are evident in the results to June 2020
when the company is expected to be profitable.

Page 4