REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Tewkesbury Trading Estate Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 31 March 2016 |
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for |
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Tewkesbury Trading Estate Limited |
Tewkesbury Trading Estate Limited (Registered number: 00440768) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Tewkesbury Trading Estate Limited |
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Company Information |
for the Year Ended 31 March 2016 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Tewkesbury Trading Estate Limited (Registered number: 00440768) |
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Abbreviated Balance Sheet |
31 March 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
by: |
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Tewkesbury Trading Estate Limited (Registered number: 00440768) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 March 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover represents the fair value of services provided under contracts with customers to the extent that there is |
a right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete |
at the year end, turnover represents the value of the service provided to that date based on an appropriate |
proportion of the total expected consideration at completion. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. Timing differences are differences between the taxable profits and the results as stated in the |
financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from |
those in which they are recognised in the financial statements. |
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A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as |
more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing |
differences can be deducted. |
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Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax |
recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, |
being charged to tax only if and when replacement assets are sold. |
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Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing |
differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
Deferred tax is measured on a non-discounted basis. |
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Investment Properties were revalued on 31 March 2007 by the directors and the resultant surpluses are reflected |
in the Investment Property Revaluation Reserve. |
Tewkesbury Trading Estate Limited (Registered number: 00440768) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 March 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
Cost or valuation |
At 1 April 2015 |
and 31 March 2016 |
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Depreciation |
At 1 April 2015 |
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Charge for year |
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At 31 March 2016 |
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Net book value |
At 31 March 2016 |
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At 31 March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Mrs B Martin occupies one of the properties owned by the company and pays a rental equivalent to the rateable |
value of the property. |
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5. | RELATED PARTY DISCLOSURES |
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Mr R S Martin a director of the company is also a director and shareholder of Crown Dry Cleaners Limited. |
Invoices totalling £3,600 (2015: £3,600) have been paid to them during the year for administration charges. |
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Included within Creditors is an amount owed to Mrs B Martin, one of the directors of £8,831 (2015: £6,864). |
The loan is interest free and there are no fixed repayment terms. |
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The total amount of dividends paid to the directors during the year was £35,960 (2015: £36,000) |