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REGISTERED NUMBER:
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D.G. PINK DEVELOPMENTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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REGISTERED NUMBER:
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D.G. PINK DEVELOPMENTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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D.G. PINK DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
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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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SOLICITORS: |
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The Old House, |
West Street |
Marlow, |
Buckinghamshire. |
SL7 2LX |
D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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BALANCE SHEET |
31 MAY 2018 |
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2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Investments | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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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 |
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Revaluation reserve | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
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. |
D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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BALANCE SHEET - continued |
31 MAY 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
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1. | STATUTORY INFORMATION |
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D.G. Pink Developments Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Freehold and leasehold investment property is carried in the Balance Sheet at open market value. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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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. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 June 2017 |
and 31 May 2018 |
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DEPRECIATION |
At 1 June 2017 |
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Charge for year |
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At 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 June 2017 |
and 31 May 2018 |
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NET BOOK VALUE |
At 31 May 2018 |
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At 31 May 2017 |
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Fair value at 31 May 2018 is represented by: |
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£ |
Valuation in 1985 | 185,380 |
Valuation in 1999 | 56,822 |
Valuation in 2006 | 250,000 |
Valuation in 2007 | 150,000 |
Valuation in 2010 | 62,733 |
Valuation in 2016 | 75,000 |
Cost | 195,065 |
975,000 |
D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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5. | INVESTMENT PROPERTY - continued |
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The above valuations were carried out by the directors. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts receivable in respect of hire
purchase contracts |
1,222 |
4,583 |
Other debtors - pension fund |
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Prepayments |
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7. | CURRENT ASSET INVESTMENTS |
2018 | 2017 |
£ | £ |
Unlisted investments | 7,675 | 7,675 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Net wages control | 400 | 200 |
Tax |
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Social security and other taxes |
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VAT | 3,256 | 3,908 |
Directors' current accounts | 25,757 | 25,904 |
Accruals and deferred income |
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Accrued expenses |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 June 2017 |
and 31 May 2018 |
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10. | OTHER FINANCIAL COMMITMENTS |
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The company has future lease commitments in respect of its premises at a current rate of £22,000 per |
annum (subject to future review) until August 2019. |
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11. | RELATED PARTY DISCLOSURES |
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At 31 May 2018, the company owed £10,297 (2017 £10,297) to Mr. D. G. Pink, £10,400 (2017 |
£10,400) to Mrs. S. A. Pink, £662 (2017 £809) to Mr. T. M. Pink and £4,398 (2017 £4,398) to Mr. N. D. |
Pink, directors and shareholders of the company. |
D.G. PINK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00817430) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
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12. | CONTROL |
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The company is managed and controlled by Mr.D.G.Pink, Mrs.S.A.Pink, Mr.T.M.Pink and Mr.N.D.Pink |
directors and shareholders. |