BINGCLIFF LIMITED |
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NOTES TO THE ACCOUNTS |
for the year ended 31 January 2017 |
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1 |
ACCOUNTING POLICIES |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A small entities. |
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Turnover |
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The company was dormant throughout the current year and previous year. |
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Investments |
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Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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2 |
FINANCIAL ASSETS |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 February 2016 |
88,732 |
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At 31 January 2017 |
88,732 |
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3 |
CREDITORS: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
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Other creditors |
87,793 |
|
87,793 |
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4 |
CONTROLLING PARTY |
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The company is controlled by Mr B C M Plant, Mr S J Plant and Mrs L E White. |
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5 |
OTHER INFORMATION |
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Bingcliff Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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7 Faraday Court |
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First Avenue |
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Burton on Trent |
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Staffordshire |
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DE14 2WX |