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DAISY CHAIN TRADING (TEESSIDE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
Daisy Chain Trading (Teesside) Limited is a private company, limited by shares, incorporated in England and Wales, registered number 05209370.
Its registered office is:
Calf Fallow Farm
Calf Fallow Lane
Norton
Stockton on Tees
TS20 1PF
Daisy Chain Trading (Teesside) Limited is part of a public benefit group and is a wholly owned subsidiary of Daisy Chain Project Teesside whose registered office is at the same address.
Consolidated accounts for Daisy Chain Project Teesside, which include the results for Daisy Chain Trading (Teesside) Limited are available from the address above.
2.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
From the 1 April 2020 this company has been made dormant and the trade will now be conducted from within the charity.
The directors have therefore made the decision to wind up this company and all assets and liabilities will be transferred to the parent charity.
Turnover relates to income received from the sale of goods in a coffee shop and catering services.
The company only enters into basic financial instrument 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.
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The audit fee is included within the fee for the group and so is not charged separately to the Company. The company has taken advantage of the exemption not to disclose amounts paid for non audit services as these are disclosed in the group accounts of the parent company.
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