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Unaudited Financial Statements |
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for the Year Ended 31 August 2018 |
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for |
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Yardley Cross Developments Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 August 2018 |
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for |
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Yardley Cross Developments Ltd |
Yardley Cross Developments Ltd (Registered number: 04265176) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2018 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Yardley Cross Developments Ltd |
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Company Information |
for the Year Ended 31 August 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Yardley Cross Developments Ltd (Registered number: 04265176) |
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Statement of Financial Position |
31 August 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks | 7 |
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Debtors | 8 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Yardley Cross Developments Ltd (Registered number: 04265176) |
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Statement of Financial Position - continued |
31 August 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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Yardley Cross Developments Ltd (Registered number: 04265176) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2018 |
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1. | STATUTORY INFORMATION |
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Yardley Cross Developments Ltd 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. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparation |
The financial statements cover the company as an individual entity, have been prepared under the |
historical cost convention and are presented in Pounds Sterling (£) being the functional currency. |
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The financial statements have been prepared on the assumption that the company is able to carry on |
business as a going concern, which the directors consider appropriate having regard to the company's |
current and expected performance. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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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 profit or loss. |
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Property stocks |
Property stocks are held at acquisition and development cost including incidental expenses. The carrying |
values of property stocks are considered on an annual basis by the directors with provision being made |
where any net realisable values are considered to be below original cost. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible |
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in |
profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value |
with changes recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax, if applicable. 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 statement of financial position date. |
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4. | EMPLOYEES |
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The average number of employees during the year was NIL (2017 - NIL). |
Yardley Cross Developments Ltd (Registered number: 04265176) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 September 2017 |
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Disposals | ( |
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At 31 August 2018 |
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DEPRECIATION |
At 1 September 2017 |
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Eliminated on disposal | ( |
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At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2017 |
and 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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7. | STOCKS |
2018 | 2017 |
£ | £ |
Properties held for development and resale | 723,454 | 597,055 |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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