Company Registration No. 07016384 (England and Wales)
AN UDDER COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
AN UDDER COMPANY LIMITED
COMPANY INFORMATION
Directors
Mr A M Solazzo
Mr J R J Duke
Mr R A F Buchanan
Mr C E S Green
Company number
07016384
Registered office
Witan Gate House
500-600 Witan Gate West
Milton Keynes
Buckinghamshire
MK9 1SH
Auditor
MHA Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
Business address
1 Camelia Court
Shellbridge Road
Slindon
West Sussex
BN18 0LT
AN UDDER COMPANY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
AN UDDER COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2018
31 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Investments
2
2
2
Current assets
Trade and other receivables
3
893,188
805,527
Cash and cash equivalents
31,266
204,283
924,454
1,009,810
Current liabilities
4
(299,469)
(271,608)
Net current assets
624,985
738,202
Total assets less current liabilities
624,987
738,204
Equity
Called up share capital
6
317,199
317,199
Capital redemption reserve
111,733
111,733
Retained earnings
196,055
309,272
Total equity
624,987
738,204

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered 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 20 September 2018 and are signed on its behalf by:
Mr A M Solazzo
Director
Company Registration No. 07016384
AN UDDER COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018
- 2 -
1
Accounting policies
Company information

An Udder Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Witan Gate House, 500-600 Witan Gate West, Milton Keynes, Buckinghamshire, MK9 1SH.

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 £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Non-current investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.5
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.

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.

Basic financial liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

1.6
Equity instruments

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

1.7
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted.

AN UDDER COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
1
Accounting policies
(Continued)
- 3 -
1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small group and the company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare consolidated accounts.

2
Fixed asset investments
2018
2017
£
£
Investments
2
2

 

Movements in non-current investments
Shares in group undertakings
£
Cost or valuation
At 1 April 2017 & 31 March 2018
2
Carrying amount
At 31 March 2018
2
At 31 March 2017
2
3
Trade and other receivables
2018
2017
Amounts falling due within one year:
£
£
Corporation tax recoverable
52,125
44,000
Amounts owed by group undertakings
645,451
591,071
Other receivables
195,612
170,456
893,188
805,527
4
Current liabilities
2018
2017
£
£
Corporation tax
8,125
6,500
Other payables
291,344
265,108
299,469
271,608
AN UDDER COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2018
- 4 -
5
Share-based payment transactions

During the year, the company had a share option plan in operation, under which 2,990 options had been previously granted to an employee of subsidiary companies, at an exercise price of £4.

 

The option can only be exercised upon the sale of the company. If the options remain unexercised after a period of ten years from the date of the grant or if the option holder ceases employment the options expire. The directors have recorded no charge within the statement of income and retained earnings on the grounds of immateriality.

6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
211,167 A Ordinary shares of £1 each
211,167
211,167
61,833 B Ordinary shares of £1 each
61,833
61,833
44,199 C Ordinary shares of £1 each
44,199
44,199
317,199
317,199

The holders of the A ordinary shares, B ordinary shares and C ordinary shares are entitled to receive notice of, attend, and vote at any general meeting of the company.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Eileen Houghton FCA.
The auditor was MHA Carpenter Box.
8
Directors' transactions

Dividends totalling £739,555 (2017 - £430,500) were paid in the year in respect of shares held by the company's directors.

 

Advances have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Interest free loan repayable on demand
-
170,000
25,000
195,000
170,000
25,000
195,000
2018-03-312017-04-01falseCCH SoftwareCCH Accounts Production 2018.220No description of principal activity05 October 2018This audit opinion is unqualifiedMr A M SolazzoMr J R J DukeMr R A F BuchananMr C E S Green070163842017-04-012018-03-3107016384bus:Director12017-04-012018-03-3107016384bus:Director22017-04-012018-03-3107016384bus:Director32017-04-012018-03-3107016384bus:Director42017-04-012018-03-3107016384bus:RegisteredOffice2017-04-012018-03-31070163842018-03-31070163842017-03-3107016384core:CurrentFinancialInstruments2018-03-3107016384core:CurrentFinancialInstruments2017-03-3107016384core:ShareCapital2018-03-3107016384core:ShareCapital2017-03-3107016384core:CapitalRedemptionReserve2018-03-3107016384core:CapitalRedemptionReserve2017-03-3107016384core:RetainedEarningsAccumulatedLosses2018-03-3107016384core:RetainedEarningsAccumulatedLosses2017-03-3107016384core:ShareCapitalOrdinaryShares2018-03-3107016384core:ShareCapitalOrdinaryShares2017-03-3107016384bus:OrdinaryShareClass12017-04-012018-03-3107016384bus:OrdinaryShareClass22017-04-012018-03-3107016384bus:OrdinaryShareClass32017-04-012018-03-3107016384bus:OrdinaryShareClass12018-03-3107016384bus:OrdinaryShareClass22018-03-3107016384bus:OrdinaryShareClass32018-03-3107016384bus:PrivateLimitedCompanyLtd2017-04-012018-03-3107016384bus:FRS1022017-04-012018-03-3107016384bus:Audited2017-04-012018-03-3107016384bus:SmallCompaniesRegimeForAccounts2017-04-012018-03-3107016384bus:FullAccounts2017-04-012018-03-31xbrli:purexbrli:sharesiso4217:GBP