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Unaudited Financial Statements |
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for the Period 1 April 2018 to 31 July 2019 |
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for |
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Maybrook Developments (Appley Bridge) |
Ltd |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1 April 2018 to 31 July 2019 |
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for |
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Maybrook Developments (Appley Bridge) |
Ltd |
Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Contents of the Financial Statements |
for the period 1 April 2018 to 31 July 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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Maybrook Developments (Appley Bridge) |
Ltd |
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Company Information |
for the period 1 April 2018 to 31 July 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Meryll House |
57 Worcester Road |
Bromsgrove |
Worcestershire |
B61 7DN |
Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Balance Sheet |
31 July 2019 |
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2019 | 2018 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Balance Sheet - continued |
31 July 2019 |
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2019 | 2018 |
as restated |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Retained earnings | ( |
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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. |
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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
signed by: |
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Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Notes to the Financial Statements |
for the period 1 April 2018 to 31 July 2019 |
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1. | STATUTORY INFORMATION |
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Maybrook Developments (Appley Bridge) Ltd is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The accounts show the results for the fifteen month period ending 31 July 2019. The period having |
been extended to match with the parent company Maybrook Investments Limited. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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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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Taxation |
Taxation for the period 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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Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Notes to the Financial Statements - continued |
for the period 1 April 2018 to 31 July 2019 |
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2. | ACCOUNTING POLICIES - continued |
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 period 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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2018 |
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Disposals | ( |
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At 31 July 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for period |
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Eliminated on disposal | ( |
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At 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 March 2018 |
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Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Notes to the Financial Statements - continued |
for the period 1 April 2018 to 31 July 2019 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
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Revaluations | 585,000 |
At 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 March 2018 |
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Fair value at 31 July 2019 is represented by: |
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£ |
Valuation in 2016 | 652,060 |
Valuation in 2018 | 475,000 |
Valuation in 2019 | 585,000 |
Cost | 947,940 |
2,660,000 |
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If the investment property had not been revalued it would have been included at the following |
historical cost: |
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2019 | 2018 |
as restated |
£ | £ |
Cost | 947,940 | 947,940 |
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The freehold investment properties were valued on a market value basis by Eddisons between January |
2020 and March 2020. The director considers this confirms his assessment of the value of the |
properties at 31st July 2019. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
as restated |
£ | £ |
Trade debtors |
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Other debtors |
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Maybrook Developments (Appley Bridge) |
Ltd (Registered number: 07191622) |
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Notes to the Financial Statements - continued |
for the period 1 April 2018 to 31 July 2019 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
as restated |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2019 | 2018 |
as restated |
£ | £ |
Amounts owed to group undertakings |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2018 |
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Reserve transfer | 585,000 |
Reserve transfer deferred taxation | (269,926 | ) |
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At 31 July 2019 |
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A transfer from the retained earnings reserve has been made to reflect the adjustments in the fair value |
recognised in the income statement during the year £585,000. |
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A further reserve transfer has been made in respect of the deferred taxation charge on the investment |
properties as a result of changes in indexation and the corporation tax rate enacted at the date of the |
balance sheet. The movement of £269,926 reflects all the deferred taxation provision on the properties |
for this and earlier periods. |