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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2018 |
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for |
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Fleet Homes (2000) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 June 2018 |
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for |
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Fleet Homes (2000) Limited |
Fleet Homes (2000) Limited (Registered number: 03449460) |
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Contents of the Financial Statements |
for the Year Ended 30 June 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 | 4 |
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Fleet Homes (2000) Limited |
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Company Information |
for the Year Ended 30 June 2018 |
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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 |
Riverside View |
Basing Road |
Old Basing |
Basingstoke |
Hampshire |
RG24 7AL |
Fleet Homes (2000) Limited (Registered number: 03449460) |
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Balance Sheet |
30 June 2018 |
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30.6.18 | 30.6.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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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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CREDITORS |
Amounts falling due after more than one
year |
7 |
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( |
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PROVISIONS FOR LIABILITIES | 10 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 11 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 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. |
Fleet Homes (2000) Limited (Registered number: 03449460) |
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Balance Sheet - continued |
30 June 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Fleet Homes (2000) Limited (Registered number: 03449460) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2018 |
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1. | STATUTORY INFORMATION |
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Fleet Homes (2000) Limited is a
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The 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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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Work in progress is valued on the basis of direct cost. Provision is made for any foreseeable losses |
where appropriate. No element of profit is included in the valuation of work in progress. Interest on |
bank loans relating to the work in progress is charged to the profit and loss account in the period in |
which it is incurred. |
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Financial instruments |
Debtors and creditors payable/receivable within one year |
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. |
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Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price, including transaction costs. |
Subsequently they are measured at amortised cost using the effective interest rate method, less |
impairment. If an arrangement constitutes a finance transaction it is measured at present value. |
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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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Fleet Homes (2000) Limited (Registered number: 03449460) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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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, adjusted for indexation where applicable. |
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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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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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Impairment |
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at |
each balance sheet date. The directors review the carrying amount of the relevant assets and compare |
them to their market values and recoverable amounts. Where the carrying amount exceeds this, an |
impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where |
the impairment loss is a revaluation decrease. |
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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 |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 July 2017 |
and 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Charge for year |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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The obligations under hire purchase agreements are secured against the items of plant and machinery |
to which they relate that have a carrying value of £20,306 (2017 - £27,074). |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Other debtors |
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Fleet Homes (2000) Limited (Registered number: 03449460) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts (see note 8) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Hire purchase contracts (see note 8) |
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8. | LEASING AGREEMENTS |
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Minimum lease payments under hire purchase fall due as follows: |
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30.6.18 | 30.6.17 |
£ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.6.18 | 30.6.17 |
£ | £ |
Bank loans |
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Hire purchase contracts | 10,139 | 26,400 |
Other creditors | 750,000 | - |
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The bank loans and other creditors are secured by fixed charges held over the property developments |
that are in progress at the year end. |
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10. | PROVISIONS FOR LIABILITIES |
30.6.18 | 30.6.17 |
£ | £ |
Deferred tax | 4,375 | 5,919 |
Fleet Homes (2000) Limited (Registered number: 03449460) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2018 |
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10. | PROVISIONS FOR LIABILITIES - continued |
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Deferred |
tax |
£ |
Balance at 1 July 2017 |
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Accelerated capital allowances | (1,544 | ) |
Balance at 30 June 2018 |
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11. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.18 | 30.6.17 |
value: | £ | £ |
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Ordinary | £1 | 1,000 | 1,000 |
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12. | RELATED PARTY DISCLOSURES |
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Included within other creditors is an amount of £36,604 (2017 - £40,354) which represents a loan to |
the company by relatives of the directors. Interest of £nil (2017 - £nil) was charged in respect of this |
loan. |
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In addition a director of the company has made interest free loans to the company during the year. |
The balance owed to them at the balance sheet date is £722,918 (2017 - £998,005). |
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All loans are repayable on demand. |