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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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CRESCENT ESTATES (ILKLEY) LIMITED |
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REGISTERED NUMBER:
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Financial Statements |
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for the Year Ended 30 September 2018 |
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for |
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CRESCENT ESTATES (ILKLEY) LIMITED |
CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Contents of the Financial Statements |
for the Year Ended 30 September 2018 |
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Page |
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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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CRESCENT ESTATES (ILKLEY) LIMITED |
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Company Information |
for the Year Ended 30 September 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Lloyds Bank Chambers |
Hustlergate |
Bradford |
BD1 1UQ |
CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Balance Sheet |
30 September 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Balance Sheet - continued |
30 September 2018 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Notes to the Financial Statements |
for the Year Ended 30 September 2018 |
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1. | STATUTORY INFORMATION |
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Crescent Estates (Ilkley) Limited is a
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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 the amount charged to customers for goods supplied for the year, exclusive of value added |
tax. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. |
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Depreciation is calculated to write off the assets to their estimated residual values over their expected useful lives |
at the following annual rate: |
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Fixtures, fittings and equipment 15% of book value |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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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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. |
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Listed investments |
Listed investments are stated at fair value determined by reference to quoted bid prices. Changes in the valuation |
of listed investments are taken to profit and loss in the income statement. |
CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
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COST |
At 1 October 2017 |
and 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 October 2017 |
and 30 September 2018 |
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230 |
NET BOOK VALUE |
At 30 September 2018 |
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230 |
At 30 September 2017 |
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230 |
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The company holds 75 percent of the ordinary share capital of The Box Tree Restaurant (Ilkley) Ltd. |
The subsidiary did not trade during the year and is stated at cost. |
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Listed investments are stated at fair value. The cost of listed investments is £172 (2017 - £172). |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2017 |
and 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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CRESCENT ESTATES (ILKLEY) LIMITED (REGISTERED NUMBER: 00993513) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 September 2018 |
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5. | INVESTMENT PROPERTY - continued |
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Investment properties are stated at valuation by the directors at 30 September 2018 by reference to a professional |
valuation carried out during 2011 on the basis of open market value. The historical cost of the properties is |
£1,763,563. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Shareholder's loan | 529,906 | 540,052 |
Corporation tax |
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Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other loans |
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Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 50,000 | 50,000 |