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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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Gaufron Investments (2012) Limited |
DRAFT |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2018 |
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for |
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Gaufron Investments (2012) Limited |
Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Contents of the Financial Statements |
for the year ended 31 December 2018 |
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DRAFT |
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Page |
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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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Gaufron Investments (2012) Limited |
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Company Information |
for the year ended 31 December 2018 |
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DRAFT |
Directors: |
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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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Unit 2 Foley Works |
Foley Industrial Estate |
Hereford |
Herefordshire |
HR1 2SF |
Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Abridged Balance Sheet |
31 December 2018 |
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2018 | 2017 |
Notes | £ | £ |
DRAFT |
FIXED ASSETS |
Investment property | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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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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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Abridged Balance Sheet - continued |
31 December 2018 |
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DRAFT |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Notes to the Financial Statements |
for the year ended 31 December 2018 |
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DRAFT |
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1. | STATUTORY INFORMATION |
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Gaufron Investments (2012) Limited 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 preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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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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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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Financial instruments |
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. |
They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any |
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
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. |
Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
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DRAFT |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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5. | INVESTMENT PROPERTY |
Total |
£ |
Fair value |
At 1 January 2018 |
and 31 December 2018 |
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Net book value |
At 31 December 2018 |
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At 31 December 2017 |
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The investment property was revalued on 31 December 2018 by an employee of the company using knowledge |
of current market conditions and valuations in similar geographical areas. |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Bank loans |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
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Ordinary shares | £1 | 2 | 2 |
Gaufron Investments (2012) Limited (Registered number: 08156839) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2018 |
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DRAFT |
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8. | RESERVES |
Retained |
earnings |
£ |
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At 1 January 2018 |
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Profit for the year |
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At 31 December 2018 |
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2018 | 2017 |
£ | £ |
Distributable profit |
Distributable profit b/fwd | 164,885 | 92,685 |
Distributable profit for the year | 99,148 | 75,038 |
Deferred tax movement on investment property | 946 | 2,839 |
264,979 | 170,562 |
Non-distributable profit |
Revaluation on investment property b/fwd | 334,216 | 331,377 |
Revaluation on investment property in year | - | - |
Deferred tax movement on investment property | (946 | ) | (2,839 | ) |
328,538 | 328,538 |
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598,248 | 499,101 |
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9. | RELATED PARTY DISCLOSURES |
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Mr P A Rowlands, a director of Gaufron Investments (2012) Limited, has provided a loan to the company during |
the period. At the year end the amount due from the company is £864,111. |
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There is no interest charged on the loan and the outstanding amount is repayable on demand. |