Company registration number:
02539265
Cala Records Limited
Unaudited filleted financial statements
31 December 2023
Cala Records Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Cala Records Limited
Directors and other information
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Director |
Mr Geoffrey Simon |
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Company number |
02539265 |
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Registered office |
17 Shakespeare Gardens |
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East Finchley |
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London |
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N2 9LJ |
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Business address |
17 Shakespeare Gardens |
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East Finchley |
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London |
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N2 9LJ |
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Accountants |
VSP Limited |
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2 Deansway |
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East Finchley |
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London |
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N2 0JF |
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Cala Records Limited
Statement of financial position
31 December 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
1 |
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1 |
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Tangible assets |
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6 |
244 |
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325 |
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_______ |
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_______ |
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245 |
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326 |
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Current assets |
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Stocks |
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24,500 |
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24,500 |
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Debtors |
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7 |
5,737 |
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8,341 |
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Cash at bank and in hand |
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3,335 |
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17 |
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_______ |
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_______ |
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33,572 |
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32,858 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
1,608,867) |
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(
1,606,124) |
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_______ |
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_______ |
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Net current liabilities |
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(
1,575,295) |
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(
1,573,266) |
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_______ |
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_______ |
Total assets less current liabilities |
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(
1,575,050) |
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(
1,572,940) |
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_______ |
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_______ |
Net liabilities |
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(
1,575,050) |
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(
1,572,940) |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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9 |
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1,000 |
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1,000 |
Profit and loss account |
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(
1,576,050) |
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(
1,573,940) |
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_______ |
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_______ |
Shareholders deficit |
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(
1,575,050) |
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(
1,572,940) |
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_______ |
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_______ |
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For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
17 December 2024
, and are signed on behalf of the board by:
Mr Geoffrey Simon
Director
Company registration number:
02539265
Cala Records Limited
Statement of changes in equity
Year ended 31 December 2023
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Called up share capital |
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Profit and loss account |
Total |
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£ |
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£ |
£ |
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At 1 January 2022 |
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1,000 |
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(
1,563,247) |
(
1,562,247) |
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Loss for the year |
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(
10,693) |
(
10,693) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
10,693) |
(
10,693) |
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_______ |
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_______ |
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At 31 December 2022 and 1 January 2023 |
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1,000 |
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(
1,573,940) |
(
1,572,940) |
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Loss for the year |
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(
2,110) |
(
2,110) |
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_______ |
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_______ |
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Total comprehensive income for the year |
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- |
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(
2,110) |
(
2,110) |
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_______ |
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At 31 December 2023 |
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1,000 |
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(
1,576,050) |
(
1,575,050) |
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_______ |
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_______ |
_______ |
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Cala Records Limited
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Shakespeare Gardens, East Finchley, London, N2 9LJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared on a going basis. The validity of the going concern basis of the preparation is dependent upon the continued financial support of the directors, shareholders and the creditors of the company and on the ability of the company to continue trading. Should the directors, shareholders and the creditors of the company withdraw their support and the company is unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and reclassify fixed assets as current assets and long term liabilities as current liabilities. However, the directors, shareholders and the creditors do not intend to withdraw their support for the foreseeable future and on this basis the financial statements have been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Fittings fixtures and equipment |
- |
25 % |
reducing balance |
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Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Intangible assets
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Other intangible assets |
Total |
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£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
227,915 |
227,915 |
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_______ |
_______ |
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Amortisation |
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At 1 January 2023 and 31 December 2023 |
227,914 |
227,914 |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2023 |
1 |
1 |
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_______ |
_______ |
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At 31 December 2022 |
1 |
1 |
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_______ |
_______ |
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6.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2023 and 31 December 2023 |
26,841 |
24,283 |
51,124 |
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_______ |
_______ |
_______ |
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Depreciation |
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At 1 January 2023 |
26,840 |
23,959 |
50,799 |
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Charge for the year |
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81 |
81 |
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_______ |
_______ |
_______ |
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At 31 December 2023 |
26,840 |
24,040 |
50,880 |
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_______ |
_______ |
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Carrying amount |
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At 31 December 2023 |
1 |
243 |
244 |
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_______ |
_______ |
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At 31 December 2022 |
1 |
324 |
325 |
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_______ |
_______ |
_______ |
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7.
Debtors
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2023 |
2022 |
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£ |
£ |
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Trade debtors |
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1,739 |
5,051 |
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Other debtors |
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3,998 |
3,290 |
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_______ |
_______ |
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5,737 |
8,341 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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33,709 |
38,324 |
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Other creditors |
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1,575,158 |
1,567,800 |
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_______ |
_______ |
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1,608,867 |
1,606,124 |
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_______ |
_______ |
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9.
Called up share capital
Issued, called up and fully paid
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2023 |
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2022 |
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No |
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£ |
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No |
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£ |
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Ordinary shares shares of £
1.00 each |
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1,000 |
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1,000 |
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1,000 |
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1,000 |
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_______ |
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_______ |
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_______ |
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_______ |
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