|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 May 2018 |
|
for |
|
Concept Developments (Portmore) Ltd |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 May 2018 |
|
for |
|
Concept Developments (Portmore) Ltd |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 May 2018 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
Concept Developments (Portmore) Ltd |
|
Company Information |
for the Year Ended 31 May 2018 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
Grove House |
1 Grove Place |
Bedford |
Bedfordshire |
MK40 3JJ |
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
|
Statement of Financial Position |
31 May 2018 |
|
31.5.18 | 31.5.17 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Allotted, called up and fully |
paid share capital |
|
|
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
|
Notes to the Financial Statements |
for the Year Ended 31 May 2018 |
|
1. | STATUTORY INFORMATION |
|
Concept Developments (Portmore) Ltd is a
|
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
The financial statements have been prepared on the going concern basis as the parent company will provide all |
necessary support until the properties to be developed by the company are sold. |
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
bringing stocks to their present location and condition. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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 statement of financial position date. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2017 - NIL). |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
VAT |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.18 | 31.5.17 |
£ | £ |
Other loans |
|
|
Amounts owed to group undertakings |
|
|
Accrued expenses |
|
|
|
|
Concept Developments (Portmore) Ltd (Registered number: 09594072) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2018 |
|
7. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
31.5.18 | 31.5.17 |
£ | £ |
Other loans |
|
|
|
Close Brothers Limited hold a legal charge dated 28 April 2017 over the company's freehold property known as |
land on the west side of Portmore Park Road, Weybridge, Surrey, in respect of all monies due to them. |
|
8. | ULTIMATE CONTROLLING PARTY |
|
The company's parent is MAT Developments (Winchester) Ltd, a company registered in England and Wales |
whose principal place of business is 274 Kimbolton Road, Bedford, MK41 8AD. |