PROTEMPUS LIMITED
|
Registered number: |
02663949
|
Balance Sheet |
as at 31 March 2018
|
|
Notes |
|
|
2018 |
|
|
2017 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
700,000 |
|
|
912,950 |
|
Current assets |
Debtors |
3 |
|
2,696 |
|
|
803 |
Cash at bank and in hand |
|
|
374,821 |
|
|
52,817 |
|
|
|
377,517 |
|
|
53,620 |
|
Creditors: amounts falling due within one year |
4 |
|
(424,110) |
|
|
(395,031) |
|
Net current liabilities |
|
|
|
(46,593) |
|
|
(341,411) |
|
Total assets less current liabilities |
|
|
|
653,407 |
|
|
571,539 |
|
|
Provisions for liabilities |
|
|
|
(1,167) |
|
|
(16,170) |
|
|
Net assets |
|
|
|
652,240 |
|
|
555,369 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
10,000 |
|
|
10,000 |
Undistributable reserve |
|
|
|
101,558 |
|
|
187,560 |
Profit and loss account |
|
|
|
540,682 |
|
|
357,809 |
|
Shareholders' funds |
|
|
|
652,240 |
|
|
555,369 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
|
|
Approved by the board on 05 September 2018
|
|
|
|
|
G P Ivory |
Director |
|
PROTEMPUS LIMITED
|
Notes to the Accounts |
for the year ended 31 March 2018
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A - small entities. The Financial Reporting Standard applicable in the UK and Republic of Ireland.
|
|
|
Turnover |
|
Turnover represents rents receivable in the year.
|
|
|
Investments |
|
Investments in property and unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
|
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
|
2 |
Investments |
Investment |
Other |
property |
investments |
Total |
£ |
£ |
£ |
|
Valuation |
|
At 1 April 2017 |
732,950 |
|
180,000 |
|
912,950 |
|
Fair value adjustment |
(32,950) |
|
- |
|
(32,950) |
|
Disposals |
- |
|
(180,000) |
|
(180,000) |
|
At 31 March 2018 |
700,000 |
|
- |
|
700,000 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2018 |
|
2017 |
£ |
£ |
|
|
Trade debtors |
1,938 |
|
- |
|
Other debtors |
758 |
|
803 |
|
|
|
|
|
|
2,696 |
|
803 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
£ |
£ |
|
|
Trade creditors |
1,938 |
|
1,938 |
|
Deferred income |
|
|
|
|
5,835 |
|
5,835 |
|
Taxation and social security costs |
34,791 |
|
5,925 |
|
Other creditors |
381,546 |
|
381,333 |
|
|
|
|
|
|
424,110 |
|
395,031 |
|
|
|
|
|
|
|
|
|
|
5 |
Events after the reporting date |
|
|
There were no significant events since the end of the financial year that in the opinion of the director would effct the accounts.
|
|
|
6 |
Other information |
|
|
PROTEMPUS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
344 Croydon Road |
|
Beckenham |
|
Kent |
|
BR3 4EX |