HOME_CURTAINS_&_BEDDING_L - Accounts


Company Registration No. 00268911 (England and Wales)
HOME CURTAINS & BEDDING LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018
HOME CURTAINS & BEDDING LIMITED
COMPANY INFORMATION
Director
C F Greibach
Company number
00268911
Registered office
6th Floor Cardinal House
20 St Mary's Parsonage
Manchester
M3 2LG
Accountants
Lopian Gross Barnett & Co
6th Floor Cardinal House
20 St Mary's Parsonage
Manchester
M3 2LG
Business address
Julian House
Cobra Court
2 Blackmore Road
Stretford
MANCHESTER
M32 0QY
HOME CURTAINS & BEDDING LIMITED
CONTENTS
Page
Director's report
1
Statement of financial position
2
Notes to the financial statements
3 - 4
HOME CURTAINS & BEDDING LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 30 APRIL 2018
- 1 -

The director presents his annual report and financial statements for the year ended 30 April 2018.

Principal activities
The company has remained dormant throughout the period.
Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

F H Greibach
(Resigned 6 December 2017)
C F Greibach

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
C F Greibach
Director
22 January 2019
HOME CURTAINS & BEDDING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2018
30 April 2018
- 2 -
2018
2017
Notes
£
£
£
£
Current assets
Trade and other receivables
2
381,171
381,171
Net current assets
381,171
381,171
Equity
Called up share capital
3
100,000
100,000
Share premium account
281,171
281,171
Total equity
381,171
381,171

For the financial year ended 30 April 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 22 January 2019 and are signed on its behalf by:
C F Greibach
Director
Company Registration No. 00268911
HOME CURTAINS & BEDDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018
- 3 -
1
Accounting policies
Company information

Home Curtains & Bedding Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor Cardinal House, 20 St Mary's Parsonage, Manchester, M3 2LG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Income statement

The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Income statement is presented in these financial statements.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HOME CURTAINS & BEDDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2018
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Trade and other receivables
2018
2017
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
381,171
381,171
3
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
100,000Ordinary shares of £1 each
100,000
100,000
100,000
100,000
4
Parent company

The ultimate parent company is Julian Charles Group Limited, a company registered in England & Wales. Home Curtains & Bedding Limited is consolidated within the group accounts of Julian Charles Group Limited and Rectella Limited; both accounts are available from the Registrar of Companies.

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