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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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Swanbridge Properties Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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for |
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Swanbridge Properties Limited |
Swanbridge Properties Limited (Registered number: 02109846) |
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Contents of the Financial Statements |
for the year ended 30 June 2017 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Swanbridge Properties Limited |
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Company Information |
for the year ended 30 June 2017 |
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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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ACCOUNTANTS: |
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20 Imperial Square |
CHELTENHAM |
GL50 1QZ |
Swanbridge Properties Limited (Registered number: 02109846) |
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Statement of Financial Position |
30 June 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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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. |
Swanbridge Properties Limited (Registered number: 02109846) |
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Statement of Financial Position - continued |
30 June 2017 |
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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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Swanbridge Properties Limited (Registered number: 02109846) |
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Notes to the Financial Statements |
for the year ended 30 June 2017 |
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1. | STATUTORY INFORMATION |
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Swanbridge Properties 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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The directors consider that in preparing the financial statements they have taken into account all |
information available, and on this basis the financial statements are prepared on a going concern basis. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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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 Statement of |
Comprehensive Income, 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 statement of financial position 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 statement of financial position 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. |
Swanbridge Properties Limited (Registered number: 02109846) |
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Notes to the Financial Statements - continued |
for the year ended 30 June 2017 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
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Other creditors |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans |
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6. | RELATED PARTY DISCLOSURES |
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Included within creditors: amounts falling due within one year is a director's loan account in the sum
of £369,324 (2016: £ 249,917 ) which has been provided by TJ Sugrue. The loan is unsecured, interest free and carries no fixed date of repayment . |
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7. | CONTROLLING PARTY |
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The company is controlled by TJ Sugrue by virtue of his shareholding. |