REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020 |
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J. & D. MACKINTOSH (INVESTMENTS) LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020 |
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FOR |
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J. & D. MACKINTOSH (INVESTMENTS) LIMITED |
J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2020 |
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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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J. & D. MACKINTOSH (INVESTMENTS) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2020 |
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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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St James's House |
8 Overcliffe |
Gravesend |
Kent |
DA11 0HJ |
J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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BALANCE SHEET |
30 APRIL 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Fair value reserve | 10 |
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Retained earnings | 10 |
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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. |
J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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BALANCE SHEET - continued |
30 APRIL 2020 |
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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 and authorised for issue on
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J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2020 |
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1. | STATUTORY INFORMATION |
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J. & D. Mackintosh (Investments) Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents gross rents receivable. |
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Tangible fixed assets and investment properties |
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Plant and machinery etc | - |
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Freehold properties includes investment properties which are valued at fair value. 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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 May 2019 |
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Additions |
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Revaluations |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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Cost or valuation at 30 April 2020 is represented by: |
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Land and |
buildings |
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Valuation in 2017 | 985,073 |
Valuation in 2020 | 245,000 |
Cost | 1,210,817 |
2,440,890 |
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If freehold properties had not been revalued they would have been included at the following historical cost: |
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2020 | 2019 |
£ | £ |
Cost | 1,210,817 | 1,039,927 |
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Freehold property was valued on a fair value basis on 30 April 2020 by the directors of the company . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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J. & D. MACKINTOSH (INVESTMENTS) LIMITED (REGISTERED NUMBER: 01136717) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2020 |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2020 | 2019 |
£ | £ |
Bank loans |
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Bank loans are secured by charges over certain of the company's properties. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal value: | 2020 | 2019 |
£ | £ |
500 | Ordinary A | £1 | 500 | 500 |
150 | Ordinary B | £1 | 150 | 150 |
150 | Ordinary C | £1 | 150 | 150 |
350 | Ordinary D | £1 | 350 | 350 |
350 | Ordinary E | £1 | 350 | 350 |
1,500 | 1,500 |
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10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 May 2019 |
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1,238,622 |
Profit for the year |
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Dividends | ( |
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Transfer between reserves | (189,774 | ) | 189,774 | - |
At 30 April 2020 |
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1,348,155 |