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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED |
BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2019 |
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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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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 March 2019 |
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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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Chartered Accountants |
Malvern View Business Park |
Stella Way |
Bishops Cleeve |
Cheltenham |
Gloucestershire |
GL52 7DQ |
BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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BALANCE SHEET |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 | ( |
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NET ASSETS |
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RESERVES |
Revaluation reserve | 10 |
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Income and expenditure account | 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 surplus or deficit 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. |
BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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BALANCE SHEET - continued |
31 March 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income and Expenditure Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Barton And Tredworth Developments Limited is a
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and Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
No significant judgements or estimations have been used in preparing the financial statements. |
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Turnover |
Turnover is comprised of rents received, and is recognised on an accruals basis. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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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 surplus or deficit. |
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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. |
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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. |
BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2019 |
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2. | ACCOUNTING POLICIES - continued |
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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. |
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Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. |
Basic financial instruments are initially recognised at transaction value and subsequently measured at their |
settlement value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2018 |
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Disposals | ( |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Eliminated on disposal | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
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Disposals | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2019 |
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5. | INVESTMENT PROPERTY - continued |
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Fair value at 31 March 2019 is represented by: |
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£ |
Valuation in 2018 | (15,263 | ) |
Valuation in 2016 | 31,523 |
Valuation in 2015 | 25,931 |
Cost | 184,209 |
226,400 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 184,209 | 209,208 |
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Investment property was valued on an open market basis on 14 July 2016 by Bennetts Commercial Limited . |
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The directors have reviewed property market trends and rental yields to ensure the market value of investment |
property is reflective of the value in the financial statements at the balance sheet date. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
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BARTON AND TREDWORTH DEVELOPMENTS |
LIMITED (REGISTERED NUMBER: 03372004) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2019 |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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The bank loans and overdrafts are secured by a fixed charge on 93A Barton Street and a debenture on all of the |
asset of the company. |
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10. | RESERVES |
Income |
and |
expenditure | Revaluation |
account | reserve | Totals |
£ | £ | £ |
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At 1 April 2018 |
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386,972 |
Deficit for the year | ( |
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Reserves transfer | 137,165 | (137,165 | ) | - |
At 31 March 2019 |
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260,675 |
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The revaluation reserve comprises accumulated revaluation gains and losses on investment properties. Such gains |
and losses are unrealised and are therefore undistributable. |
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11. | LIMITED BY GUARANTEE |
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The company is a private company limited by guarantee and consequently has no share capital. In the event that |
the company is dissolved, each member (or any person who has ceased to be a member within the previous twelve |
months) is liable to contribute an amount not exceeding £1 towards the payment of debts and liabilities of the |
company incurred before they ceased to be a member, and the payment of costs, charges and expenses of winding |
up. |