Company Registration Number 06155572 (England and Wales)
SOMERSET LONG BARN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020
PAGES FOR FILING WITH REGISTRAR
SOMERSET LONG BARN LIMITED
BALANCE SHEET
AS AT
31 MARCH 2020
31 March 2020
- 1 -
2020
2019
£
£
£
£
Fixed assets
9,592
11,287
Current assets
57,480
63,516
Creditors: amounts falling due within one year
(40,774)
(53,179)
Net current assets
16,706
10,337
Total assets less current liabilities
26,298
21,624
Net assets
26,298
21,624
Capital and reserves
26,298
21,624
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year, £26,693 was advanced to a director (2019 - £2,050) and £24,927 was repaid (2019 - £nil).
The balance owed by the director at the beginning of the year was £2,050 and at the end of the year was £3,816.
This loan is unsecured and has no repayment terms.
2
Employees
The average number of persons
,
including directors
,
employed by the company during the year wa
s as follows:
2020
2019
Number
Number
Employees
1
1
3
Events subsequent to the balance sheet date
Since the year end,
the restrictions imposed in the UK in response to the outbreak of Coronavirus
ha
ve
had a
negative
impact on the Company’s sales
, which are based on income from holiday accommodation.
The company has responded to the cash flow implications of this by
sourcing finance in the form of the Bounce Back Loan Scheme (BBLS) and has taken advantage of grant schemes which are available;
t
he director
is
of the opinion that these measures
are
sufficient to maintain trading.
Trading will continue as normal once restrictions are eased and most c
ontracts with customers which
were effected by restrictions in 2020 have been deferred to
2021.
SOMERSET LONG BARN LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2020
31 March 2020
- 2 -
Somerset Long Barn Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pontispool Farm, Norton Fitzwarren, TAUNTON, Somerset, TA4 1BG.
For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 31 December 2020
L Fielding-Johnson
Director
Company Registration Number 06155572