Company Registration No. 00849957 (England and Wales)
ARTHUR TREMBLE (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
PAGES FOR FILING WITH REGISTRAR
ARTHUR TREMBLE (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ARTHUR TREMBLE (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2019
31 March 2019
- 1 -
2019
2018
Notes
£
£
£
£
Fixed assets
Tangible assets
4
109,145
110,088
Investment properties
5
157,033
156,033
266,178
266,121
Current assets
Debtors
6
3,661
3,662
Cash at bank and in hand
18,178
11,136
21,839
14,798
Creditors: amounts falling due within one year
7
(9,335)
(9,627)
Net current assets
12,504
5,171
Total assets less current liabilities
278,682
271,292
Provisions for liabilities
(17,168)
(16,978)
Net assets
261,514
254,314
Capital and reserves
Called up share capital
8
8,800
8,800
Profit and loss reserves
252,714
245,514
Total equity
261,514
254,314
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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.
T
he 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 18 December 2019
Mr S Tremble
Director
Company Registration No. 00849957
ARTHUR TREMBLE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
- 2 -
1
Accounting policies
Company information
Arthur Tremble (Holdings) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Whitley Road, Benton, Newcastle upon Tyne, United Kingdom, NE12 9TU.
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 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
Turnover
Turnover is recognised a
s the
consideration receivable for
rent.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
2% straight line buildings, nil land
Plant and equipment
25% reducing balance
Fixtures and fittings
20% reducing balance
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
The surplus or deficit on revaluation is recognised in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year.
Deferred tax
Deferred tax liabilities are recognised for
revaluations of investment property.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
ARTHUR TREMBLE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2018 - 2).
3
Taxation
2019
2018
£
£
Current tax
UK corporation tax on profits for the current period
2,993
2,323
Deferred tax
Origination and reversal of timing differences
190
(2,008)
Total tax charge
3,183
315
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2018 and 31 March 2019
117,569
7,241
2,967
127,777
Depreciation and impairment
At 1 April 2018
9,367
5,763
2,559
17,689
Depreciation charged in the year
493
370
80
943
At 31 March 2019
9,860
6,133
2,639
18,632
Carrying amount
At 31 March 2019
107,709
1,108
328
109,145
At 31 March 2018
108,202
1,478
408
110,088
5
Investment property
2019
£
Fair value
At 1 April 2018
156,033
Revaluations
1,000
At 31 March 2019
157,033
Investment property comprises a residential flat at 9 Brady and Martin Court, NE1 8SG. The fair value of the investment property has been arrived at on the basis of a valuation arrived at through a residential property website. The valuation was not carried out by any persons connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
ARTHUR TREMBLE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2019
- 4 -
6
Debtors
2019
2018
Amounts falling due within one year:
£
£
Trade debtors
1,184
1,204
Other debtors
2,004
2,004
Prepayments and accrued income
473
454
3,661
3,662
7
Creditors: amounts falling due within one year
2019
2018
£
£
Trade creditors
-
492
Corporation tax
2,993
2,323
Other taxation and social security
505
529
Dividends payable
-
2,500
Other creditors
697
92
Accruals and deferred income
5,140
3,691
9,335
9,627
8
Called up share capital
2019
2018
£
£
Ordinary share capital
Issued and fully paid
8,800 Ordinary shares of £1 each
8,800
8,800