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REGISTERED NUMBER:
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TAYLORVIEW LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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REGISTERED NUMBER:
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TAYLORVIEW LIMITED |
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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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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Chartered Certified Accountants' Report | 7 |
TAYLORVIEW LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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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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Chartered Certified Accountants and |
Chartered Tax Advisers |
71 Knowl Piece |
Wilbury Way |
Hitchin |
Herts |
SG4 0TY |
TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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ABRIDGED BALANCE SHEET |
31ST OCTOBER 2018 |
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31.10.18 | 31.10.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
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Investment property | 4 |
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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 ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 5 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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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 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. |
TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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ABRIDGED BALANCE SHEET - continued |
31ST OCTOBER 2018 |
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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 on
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TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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1. | STATUTORY INFORMATION |
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Taylorview Limited is a
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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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rent receivable. |
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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 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. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
Additions | 25 |
At 31st October 2018 | 25 |
NET BOOK VALUE |
At 31st October 2018 | 25 |
TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st November 2017 |
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Additions |
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At 31st October 2018 |
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NET BOOK VALUE |
At 31st October 2018 |
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At 31st October 2017 |
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Fair value at 31st October 2018 is represented by: |
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Valuation in 2015 | 107,347 |
Valuation in 2016 | 25,000 |
Cost | 231,716 |
364,063 |
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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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31.10.18 | 31.10.17 |
£ | £ |
Cost | 231,716 | 167,653 |
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The investment property was valued on an open market basis on 31st October 2018 by the director . |
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5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
31.10.18 | 31.10.17 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.10.18 | 31.10.17 |
£ | £ |
Bank loans |
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7. | RESERVES |
Fair |
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reserve |
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At 1st November 2017 |
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Deferred tax adjustment | 332 |
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At 31st October 2018 |
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TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST OCTOBER 2018 |
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8. | RELATED PARTY DISCLOSURES |
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Albermore Properties Limited |
A company jointly owned by close family members. |
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Amount due from related party at the balance sheet date £51,420 (2017: £67,500). |
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No interest is payable on the loan and there are no agreed repayment terms. |
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Kallar Investments Limited |
Company in which S Kallar is a director and shareholder. |
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Amount due from related party at the balance sheet date £600,000 (2017: £550,000). |
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No interest is payable on the loan and there are no agreed repayment terms. |
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Kallar View Construction Limited |
Company in which S Kallar is a director and shareholder. |
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Purchases amounting to £64,063 were invoiced from Kallar View Construction Limited during the year. (2017: £Nil) |
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All transactions were undertaken on a commercial basis. |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
TAYLORVIEW LIMITED (REGISTERED NUMBER: 09256494) |
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The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. |
Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Director's Report |
are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements |
of Taylorview Limited for the year ended 31st October 2018 which comprise the Abridged Income Statement, Abridged Balance |
Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Taylorview Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylorview Limited and state those matters that we have agreed to state to the director of Taylorview Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Taylorview Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Taylorview Limited. You consider that Taylorview Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Taylorview Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants and |
Chartered Tax Advisers |
71 Knowl Piece |
Wilbury Way |
Hitchin |
Herts |
SG4 0TY |
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