|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
COUNTY TOWN PROPERTIES (DURHAM) LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 MARCH 2018 |
|
FOR |
|
COUNTY TOWN PROPERTIES (DURHAM) LIMITED |
COUNTY TOWN PROPERTIES (DURHAM) LIMITED (REGISTERED NUMBER: 02512780) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
COUNTY TOWN PROPERTIES (DURHAM) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Verdemar House |
230 Park View |
Whitley Bay |
Tyne and Wear |
NE26 3QR |
COUNTY TOWN PROPERTIES (DURHAM) LIMITED (REGISTERED NUMBER: 02512780) |
|
ABRIDGED BALANCE SHEET |
31 MARCH 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Cash at bank |
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 7 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Non distributable reserves |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges his 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. |
COUNTY TOWN PROPERTIES (DURHAM) LIMITED (REGISTERED NUMBER: 02512780) |
|
ABRIDGED BALANCE SHEET - continued |
31 MARCH 2018 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
COUNTY TOWN PROPERTIES (DURHAM) LIMITED (REGISTERED NUMBER: 02512780) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
1. | STATUTORY INFORMATION |
|
County Town Properties (Durham) Limited is a
|
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Land and buildings | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
|
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. |
|
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. |
|
Investment property |
Investment property is included in the balance sheet at its open market value at the balance sheet date on the |
basis of an annual valuation by the directors. In accordance with Statement of Standard Accounting Practice 19 |
Accounting for Investment Properties (as amended) no depreciation or amortisation is provided in respect of |
Freehold Investment Property. This treatment is a departure from the requirements of the Companies Act 2006 |
concerning depreciation of fixed assets. However these assets are held for investment and not for consumption |
and the directors consider that a systematic annual depreciation would not be appropriate. The accounting policy |
adopted is therefore necessary in order for the accounts to give a true and fair view of the state of affairs of the |
company. Depreciation or amortisation is only one of the factors reflected in the annual valuation and the amount |
which might otherwise be shown cannot be separately identified or quantified. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
COUNTY TOWN PROPERTIES (DURHAM) LIMITED (REGISTERED NUMBER: 02512780) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2017 |
and 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
2018 | 2017 |
£ | £ |
Repayable otherwise than by instalments |
Mortgage Account |
|
|
|
6. | LOANS |
|
An analysis of the maturity of loans is given below: |
|
2018 | 2017 |
£ | £ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Mortgage Account | 3,000,000 | 3,000,000 |
|
7. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 319,186 | 319,186 |
|
Deferred |
tax |
£ |
Balance at 1 April 2017 |
|
Balance at 31 March 2018 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
Ordinary | £1 | 1,000 | 1,000 |