|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31st March 2017 |
|
for |
|
Tancred Barratt Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31st March 2017 |
|
for |
|
Tancred Barratt Limited |
Tancred Barratt Limited (Registered number: 02908752) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31st March 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abridged Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Chartered Accountants' Report | 6 |
Tancred Barratt Limited |
|
Company Information |
for the Year Ended 31st March 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Wyre Forest House |
Finepoint Way |
Kidderminster |
Worcestershire |
DY11 7WF |
Tancred Barratt Limited (Registered number: 02908752) |
|
Abridged Balance Sheet |
31st March 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Share premium |
|
|
Revaluation reserve | 6 |
|
|
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. |
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Tancred Barratt Limited (Registered number: 02908752) |
|
Notes to the Financial Statements |
for the Year Ended 31st March 2017 |
|
1. | STATUTORY INFORMATION |
|
Tancred Barratt Limited is a
|
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 net of VAT and trade |
discounts. The policies adopted for the recognition of turnover are as follows: |
|
Sale of goods |
|
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods |
have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic |
benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in |
respect of the transaction can be measured reliably. This is usually on completion of the sale. |
|
Rendering of services |
|
When the outcome of a transaction can be estimated reliably, turnover from services recognised by reference to |
the stage of completion at the balance sheet date. Stage of completion is measured by reference to the |
completion of the service. |
|
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses |
recognised that are recoverable. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Freehold property |
Freehold property has not been depreciated as the directors believe this would give an inaccurate |
representation of the true value of the property. The company continue to invest in and maintain the fabric of the |
building. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
|
Work in progress represents accumulated costs in respect of a property development which will be invoiced to |
the customer once the job is complete. |
|
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. |
|
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. |
|
Tancred Barratt Limited (Registered number: 02908752) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2017 |
|
2. | ACCOUNTING POLICIES - continued |
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. |
|
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
|
Debtors and creditors receivable / payable within one yea |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1st April 2016 |
|
Additions |
|
Disposals | ( |
) |
At 31st March 2017 |
|
DEPRECIATION |
At 1st April 2016 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31st March 2017 |
|
NET BOOK VALUE |
At 31st March 2017 |
|
At 31st March 2016 |
|
|
Cost or valuation at 31st March 2017 is represented by: |
|
Totals |
£ |
Valuation in 2015 | 218,590 |
Valuation in 2017 | (350 | ) |
218,240 |
Tancred Barratt Limited (Registered number: 02908752) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st March 2017 |
|
4. | TANGIBLE FIXED ASSETS - continued |
|
If freehold property had not been revalued it would have been included at the following historical cost: |
|
2017 | 2016 |
£ | £ |
Cost | 71,189 | 71,189 |
Aggregate depreciation | 2,072 | 2,072 |
|
Value of land in freehold land and buildings | 69,117 | 69,117 |
|
Freehold property was valued on an open market basis on 31st March 2017 by the Director . |
|
The director valued the whole of the freehold property site at the Duke of William, Rock near Kidderminster at a |
current market value of £149,650 at 31st March 2017. |
|
5. | SECURED DEBTS |
|
The company has a debenture and mortgage with Lloyds TSB Bank Plc dated 5th December 2006 and 30th |
December 2006 respectively. The security is in respect of all monies due or to become due from the company to |
the chargee on any account whatsoever. |
|
The property known as Duke William Garage, The Rock, Kidderminster, Worcestershire, together with all |
buildings and fixtures (including trade fixtures), fixed plant and machinery by way of fixed charge over all present |
and future book and other debts, floating charge over all moveable plant and machinery, implements, utensils, |
furniture and equipment by way of assignment of the goodwill of the business (if any) and the full benefit of all |
licences and all guarantees. |
|
6. | RESERVES |
Revaluation |
reserve |
£ |
At 1st April 2016 |
|
Transfer | (78,811 | ) |
|
At 31st March 2017 |
|
|
7. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is T S A Barratt. |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Tancred Barratt Limited |
|
The following reproduces the text of the report prepared for the director in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary |
statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Tancred Barratt Limited for the year ended 31st March 2017 which comprise the Abridged |
Income Statement, Abridged Balance Sheet, and the related notes from the company's accounting records and from |
information and explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the director of Tancred Barratt Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tancred Barratt Limited and state those matters that we have agreed to state to the director of Tancred Barratt Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tancred Barratt Limited director for our work or for this report. |
|
It is your duty to ensure that Tancred Barratt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tancred Barratt Limited. You consider that Tancred Barratt Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Tancred Barratt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
Wyre Forest House |
Finepoint Way |
Kidderminster |
Worcestershire |
DY11 7WF |
|
|
|