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Unaudited Financial Statements for the Year Ended 31 March 2021 |
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Wedlocks Parkview Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 March 2021 |
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for |
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Wedlocks Parkview Limited |
Wedlocks Parkview Limited (Registered number: 05777050) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2021 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Wedlocks Parkview Limited |
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Company Information |
for the Year Ended 31 March 2021 |
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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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3 & 5 Station Road |
Keynsham |
Bristol |
BS31 2BH |
Wedlocks Parkview Limited (Registered number: 05777050) |
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Abridged Balance Sheet |
31 March 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors |
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Cash at bank | 89,805 | 3,299 |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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PROVISIONS FOR LIABILITIES | 5 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Fair value reserve | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
Wedlocks Parkview Limited (Registered number: 05777050) |
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Abridged Balance Sheet - continued |
31 March 2021 |
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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 and authorised for issue on
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Wedlocks Parkview Limited (Registered number: 05777050) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2021 |
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1. | STATUTORY INFORMATION |
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Wedlocks Parkview Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Freehold property | - |
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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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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 |
Totals |
£ |
COST OR VALUATION |
At 1 April 2020 |
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Revaluations |
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At 31 March 2021 |
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NET BOOK VALUE |
At 31 March 2021 |
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At 31 March 2020 |
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Wedlocks Parkview Limited (Registered number: 05777050) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Included in cost or valuation of land and buildings is freehold land of £ 900,000 (2020 - £ 800,000 ) which is not depreciated. |
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Cost or valuation at 31 March 2021 is represented by: |
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Totals |
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Valuation in 2018 | 499,765 |
Valuation in 2021 | 120,000 |
Cost | 575,235 |
1,195,000 |
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If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
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31.3.21 | 31.3.20 |
£ | £ |
Cost | 575,235 | 575,235 |
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Value of land in freehold land and buildings | 575,325 | 575,325 |
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Freehold land and buildings were valued on an open market basis on 13 April 2018 by Alder King . |
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5. | PROVISIONS FOR LIABILITIES |
31.3.21 | 31.3.20 |
£ | £ |
Deferred tax | 117,755 | 94,955 |
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Deferred |
tax |
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Balance at 1 April 2020 |
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Provided during year |
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Balance at 31 March 2021 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.21 | 31.3.20 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
Wedlocks Parkview Limited (Registered number: 05777050) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2021 |
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7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 April 2020 |
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Movement in year | 97,200 |
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At 31 March 2021 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020: |
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31.3.21 | 31.3.20 |
£ | £ |
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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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