Commonwealth Research Centre Limited
Commonwealth Research Centre Limited
Registered number: 11897156
Unaudited Financial Statements
For the Period
21 March 2019
to
31 March 2020
Commonwealth Research Centre Limited
Unaudited Financial Statements
For the Period
21 March 2019
to
31 March 2020
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Commonwealth Research Centre Limited
Balance Sheet
As at
31 March 2020
Balance Sheet
Registered number:
11897156
For the period ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 March 2020 | |||
|---|---|---|---|
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 4 |
|
|
| Cash at bank and in hand |
|
||
|
|
|||
| Creditors: Amounts Falling Due Within One Year | 5 |
( |
|
| NET CURRENT ASSETS (LIABILITIES) |
( |
||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
||
| NET LIABILITIES |
( |
||
| CAPITAL AND RESERVES | |||
| Called up share capital | 6 |
|
|
| Profit and Loss Account |
( |
||
| SHAREHOLDERS' FUNDS | (241,811) | ||
Page 1
Commonwealth Research Centre Limited
Balance Sheet (continued)
As at
31 March 2020
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
|
Director
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Commonwealth Research Centre Limited
Notes to the Financial Statements
For the Period
21 March 2019
to
31 March 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 6
4.
Debtors
| 31 March 2020 | |
|---|---|
| £ | |
| Due within one year | |
| Directors' loan accounts |
|
| Called up share capital not paid |
|
| Amounts owed by other participating interests | 60,000 |
|
|
|
5.
Creditors: Amounts Falling Due Within One Year
| 31 March 2020 | |
|---|---|
| £ | |
| Bank loans and overdrafts |
|
| Other creditors |
|
| Investor account - capital introduced |
|
| Accruals and deferred income |
|
| Directors' loan accounts |
|
|
|
|
7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
Page 3
Commonwealth Research Centre Limited
Notes to the Financial Statements (continued)
For the Period
21 March 2019
to
31 March 2020
8.
General Information
Commonwealth Research Centre Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
11897156
. The registered office is First Floor, 50 Brook Street, London, W1K 5DR.
Page 4