High Street Bakery (Property) Limited
|
Registered Number
:
09464235
|
For the year ended 31 March 2017
England and Wales
Unaudited Report and Financial Statements
High Street Bakery (Property) Limited
Statement of Financial Position
2016
2017
2
276,502
175,973
276,502
175,973
11,624
Cash and cash equivalents
|
6,939
6,939
11,624
Trade and other payables
:
amounts falling due within one year
|
(16,288)
(245,695)
3
(4,664)
(238,756)
Net current liabilities
Total assets less current liabilities
|
37,746
171,309
Trade and other payables
:
amounts falling due after more than one
|
year
|
(158,379)
-
4
37,746
Net assets
12,930
100
100
37,646
12,830
37,746
12,930
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
Mr Paul Mark Diver Director
|
These financial statements were approved and authorised for issue by the Board on 15 October 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2017
High Street Bakery (Property) Limited
Notes to the Financial Statements
Statutory Information
High Street Bakery
(
Property
)
Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
09464235
.
|
10 Pilot Road
Corby
Northamptonshire
NN17 5YH
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The
|
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
|
175,973
100,529
276,502
276,502
175,973
The investment properties held have been valued at cost as the directors feel that there would be undue cost in obtaining fair values and would not be of significant interest to users of the financial statements and their understanding thereof.
|
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For the year ended 31 March 2017
High Street Bakery (Property) Limited
Notes to the Financial Statements Continued
3
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
Taxation and social security
|
6,206
3,208
239,489
13,080
245,695
16,288
4
.
Trade and other payables
:
amounts falling due after more than one year
|
2016
2017
-
158,379
5
.
Related party transactions
|
High Street Bakery Limited
|
The company is related to High Street Bakery Limited by virtue of the directors
'
shareholding in both companies
.
|
A loan was been made to the company from High Street Bakery Limited for an original amount of £
60000
,
this loan has no set
|
rpeyment terms
.
|
The amount outstanding at the year end amounted to £
41
,
000
and is included in other creditors
.
|
Also
,
the company rents property to High Street Bakery Limited on normal commercial terms
.
The amount recived during the
|
year was £
14
,
000
(
2016
:
£nil
.)
|
The company was under the control of its directors who held
100
%
of the share capital throughout the year
.
|
6
.
Guarantees and other financial commitments
|
Capital commitments
There were no committments for future capital expenditure at the balance sheet date.
7
.
Transition to FRS
102
|
This is the first year that the company has presented its financial statements under Financial Reporting Standard
102
(
FRS
102
)
|
issued by the Financial Reporting Council
.
The last financial statements for the year ended
31
May
2016
,
were prepared under
|
previous UK GAAP
.
The transition date to FRS
102
is therefore
1
June
2016
.
|
Adopting FRS
102
has meant that a number of accounting policies have changed to comply with the new standard but the
|
directors feel that no adjustments need to be made to comply with the new standard
.
|
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