Company Registration No. 00849957 (England and Wales)
ARTHUR TREMBLE (HOLDINGS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
ARTHUR TREMBLE (HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
ARTHUR TREMBLE (HOLDINGS) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Tangible assets
4
108,558
109,145
Investment properties
5
163,000
157,033
271,558
266,178
Current assets
Debtors
6
2,485
3,661
Cash at bank and in hand
20,711
18,178
23,196
21,839
Creditors: amounts falling due within one year
7
(10,372)
(9,335)
Net current assets
12,824
12,504
Total assets less current liabilities
284,382
278,682
Provisions for liabilities
(18,302)
(17,168)
Net assets
266,080
261,514
Capital and reserves
Called up share capital
8,800
8,800
Profit and loss reserves
257,280
252,714
Total equity
266,080
261,514
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 2020 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.
ARTHUR TREMBLE (HOLDINGS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 23 February 2021
Mr S Tremble
Director
Company Registration No. 00849957
ARTHUR TREMBLE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
- 3 -
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 2020
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
2
2
3
Taxation
2020
2019
£
£
Current tax
UK corporation tax on profits for the current period
3,918
2,993
Deferred tax
Origination and reversal of timing differences
1,134
190
Total tax charge
5,052
3,183
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2019
117,569
7,241
2,967
127,777
Additions
-
330
-
330
At 31 March 2020
117,569
7,571
2,967
128,107
Depreciation and impairment
At 1 April 2019
9,860
6,133
2,639
18,632
Depreciation charged in the year
493
360
64
917
At 31 March 2020
10,353
6,493
2,703
19,549
Carrying amount
At 31 March 2020
107,216
1,078
264
108,558
At 31 March 2019
107,709
1,108
328
109,145
ARTHUR TREMBLE (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2020
- 5 -
5
Investment property
2020
£
Fair value
At 1 April 2019
157,033
Revaluations
5,967
At 31 March 2020
163,000
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.
6
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
481
1,184
Other debtors
2,004
2,004
Prepayments and accrued income
-
473
2,485
3,661
7
Creditors: amounts falling due within one year
2020
2019
£
£
Corporation tax
3,918
2,993
Other taxation and social security
800
505
Other creditors
1,235
697
Accruals and deferred income
4,419
5,140
10,372
9,335