|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
FOR |
|
45-47 CLARENCE STREET CHELTENHAM LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
FOR |
|
45-47 CLARENCE STREET CHELTENHAM LIMITED |
45-47 CLARENCE STREET CHELTENHAM LIMITED (REGISTERED NUMBER: 05724559) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
45-47 CLARENCE STREET CHELTENHAM LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
BUSINESS ADDRESS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Chargrove House |
Shurdington Road |
Cheltenham |
Gloucestershire |
GL51 4GA |
45-47 CLARENCE STREET CHELTENHAM LIMITED (REGISTERED NUMBER: 05724559) |
|
BALANCE SHEET |
31 DECEMBER 2018 |
|
2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
5 |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
45-47 CLARENCE STREET CHELTENHAM LIMITED (REGISTERED NUMBER: 05724559) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
1. | STATUTORY INFORMATION |
|
45-47 Clarence Street Cheltenham Limited is a
|
England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Revenue is recognised on a monthly basis. |
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
|
Financial instruments |
Financial Instruments are classified by the directors as basic or advanced following the conditions in |
FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective |
interest method. |
|
Going concern |
There are no material uncertainties that may cast significant doubt about the company's ability to |
continue as a going concern. |
|
Provisions |
Provisions are set up only where it is probable that a present obligation exists as a result of an event |
prior to the balance sheet date and that a payment will be required in settlement that can be estimated |
reliably. Where material, provisions are calculated on a discounted basis. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Directors' loan accounts |
|
|
Accrued expenses |
|
|
|
|
|
5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Director's Loan - 2-5 years |
|
|
45-47 CLARENCE STREET CHELTENHAM LIMITED (REGISTERED NUMBER: 05724559) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2018 |
|
6. | SECURED DEBTS |
|
The company has legal mortgages with Clydesdale Bank PLC which are secured over the goodwill of |
the premise. |
|
The company also has a debenture with Clydesdale Bank PLC which contains fixed charges over all |
equipment and goods, and floating charges over all other moveable plant, machinery, fixtures and |
fittings. |
|
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
As at the year end the company had the following balances outstanding in the Directors' loan accounts: |
|
- N A Heaton - the company owed N A Heaton £nil as at 31 December 2018 (2017: £7,933). |
|
- T Roberts - the company owed T Roberts £50,605 as at 31 December 2018 (2017: £20,000). |
|
- T Jeynes - the company owed T Jeynes £nil as at 31 December 2018 (2017: £15,433). |
|
No interest is paid on the above balances, and there are no set repayment terms. |
|
|
For the amounts included in 'Creditors: Amounts falling due after more than one year' of £525,000 |
(2017: £525,000) interest is paid at a deemed market rate. This is a long term loan from the director T |
Roberts. |