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ARDEN PARK PROPERTIES LIMITED |
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Unaudited Financial Statements for the Year Ended 30 November 2019 |
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ARDEN PARK PROPERTIES LIMITED |
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Unaudited Financial Statements for the Year Ended 30 November 2019 |
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ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2019 |
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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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ARDEN PARK PROPERTIES LIMITED |
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Company Information |
for the Year Ended 30 November 2019 |
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DIRECTORS: |
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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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88 Hill Village Road |
Sutton Coldfield |
West Midlands |
B75 5BE |
ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Balance Sheet |
30 November 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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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 | 9 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Balance Sheet - continued |
30 November 2019 |
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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. |
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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 Board of Directors and authorised for issue on
and were signed on its behalf by: |
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ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2019 |
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1. | STATUTORY INFORMATION |
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Arden Park Properties Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the total invoice value excluding value added tax of rents receivable and services |
rendered during the year. |
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Tangible fixed assets |
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Plant and machinery | - |
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Investment properties |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
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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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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
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COST |
At 1 December 2018 |
and 30 November 2019 |
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DEPRECIATION |
At 1 December 2018 |
and 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 December 2018 |
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Revaluation | (206,350 | ) |
At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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The directors consider that the properties are valued at fair value. |
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Fair value at 30 November 2019 is represented by: |
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£ |
Valuation in 2019 | (206,350 | ) |
Cost | 611,470 |
405,120 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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ARDEN PARK PROPERTIES LIMITED (REGISTERED NUMBER: 03984680) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
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Other creditors |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary shares | 1.00 | 100 | 100 |
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10. | RELATED PARTY DISCLOSURES |
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Loans advanced to related parties amounted to £nil (2018: £340,000). |
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Loans repayments received from related parties amounted to £66,275 (2018: £14,000). |
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Interest charged on loans to related parties amounted to £16,275.00 (2018: £15,637.50). |
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Loans due from related parties at the balance sheet date amounted to £2,124,885 (2018: £2,174,369). |
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11. | POST BALANCE SHEET EVENTS |
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On the 30 January 2020 a global pandemic was announced by the World Health Organisation which |
later became known as the Coronanvirus disease (COVID-19). In response to this and to reduce the |
spread of the virus, social distancing restrictions were put in place by Governments around the world. |
In United Kingdom these restrictions began on 23 March 2020 prohibiting all non essential services |
from operating. Following a reduction in the number of cases, it was announced that restrictions would |
be lifted on 10 May 2020. The directors consider that the impact on the company will not be significant |
and expect to have sufficient reserves to settle outstanding liabilities and continue to trade. |