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REGISTERED NUMBER:
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BRAMPTON GRANGE ESTATES LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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REGISTERED NUMBER:
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BRAMPTON GRANGE ESTATES LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2018 |
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BRAMPTON GRANGE ESTATES LTD (REGISTERED NUMBER: 03430172) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 | to | 5 |
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BRAMPTON GRANGE ESTATES LTD |
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COMPANY INFORMATION |
For The Year Ended 31 December 2018 |
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DIRECTOR: |
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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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1 Rushmills |
Bedford Road |
Northampton |
Northamptonshire |
NN4 7YB |
BRAMPTON GRANGE ESTATES LTD (REGISTERED NUMBER: 03430172) |
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BALANCE SHEET |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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BRAMPTON GRANGE ESTATES LTD (REGISTERED NUMBER: 03430172) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Brampton Grange Estates Ltd is a
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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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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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. |
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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. |
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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. |
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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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BRAMPTON GRANGE ESTATES LTD (REGISTERED NUMBER: 03430172) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
COST OR VALUATION |
At 1 January 2018 |
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Additions |
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At 31 December 2018 |
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DEPRECIATION |
At 1 January 2018 |
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Charge for year |
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At 31 December 2018 |
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NET BOOK VALUE |
At 31 December 2018 |
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At 31 December 2017 |
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Cost or valuation at 31 December 2018 is represented by: |
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Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Valuation in 2014 | 509,585 | - | - | - | 509,585 |
Valuation in 2018 | - | 133 | 976 | - | 1,109 |
Cost | 1,990,415 | 19,218 | 355,648 | 19,137 | 2,384,418 |
2,500,000 | 19,351 | 356,624 | 19,137 | 2,895,112 |
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If freehold property had not been revalued it would have been included at the following historical cost: |
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2018 | 2017 |
£ | £ |
Cost | 1,990,415 | 1,990,415 |
Aggregate depreciation | 1,437,595 | 1,437,595 |
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Value of land in freehold land and buildings | 642,670 | 642,670 |
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Freehold property was valued on a fair value basis on 31 December 2014 by an independent, qualified valuer . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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VAT |
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Prepayments and accrued income |
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BRAMPTON GRANGE ESTATES LTD (REGISTERED NUMBER: 03430172) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 December 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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Pension Control account | - | 77 |
VAT | - | 11,894 |
Other creditors |
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Directors' current accounts | 923 | 935 |
Accruals and deferred income |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary | £1 | 2,900,000 | 2,900,000 |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2018 | ( |
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Deficit for the year | ( |
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At 31 December 2018 | ( |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 December 2018 and |
31 December 2017: |
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2018 | 2017 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
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10. | ULTIMATE PARENT COMPANY |
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Profin SRL (incorporated in Italy) is regarded by the director as being the company's ultimate parent company. |