for the Period Ended 31 March 2018
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Profit and Loss notes - 9 | |
Balance sheet notes - 10 |
for the Period Ended 31 March 2018
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 March 2018
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
The development went on the market in November 2017, exchanged in May 2018 and completed on sale on 19th July 2018. The gross sale proceeds were £900,300. The Company has a Directors and Officers Policy in force with AXA to insure the directors against legal claims from third parties.
Directors
The directors shown below have held office during the whole of the period from 01 April 2017 to 31 March 2018
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 March 2018
Notes |
2018 £ |
2017 £ |
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Gross Profit or (Loss) |
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Distribution Costs |
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Administrative Expenses |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax | 2 |
( |
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Tax on Profit |
( |
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Profit or (Loss) for Period |
( |
( |
The notes form part of these financial statements
As at
Notes |
2018 £ |
2017 £ |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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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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Provision for liabilities: |
( |
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Accruals and deferred income: |
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Total net assets (liabilities): |
( |
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The notes form part of these financial statements
As at 31 March 2018
Notes |
2018 £ |
2017 £ |
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Capital and reserves | |||
Called up share capital: |
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Revaluation reserve: | 6 |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2018
Basis of measurement and preparation
Turnover policy
Administrative expenses are expensed in the P&L as they occur.
for the Period Ended 31 March 2018
In addition, on build completion in November 2017 the Company cancelled its contractors combined insurance policy (charged to build costs) and took out Property Owners insurance (charged to administration expenses).
for the Period Ended 31 March 2018
Total | |
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Cost | £ |
At 01 April 2017 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2018 |
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Amortisation | |
Amortisation at 01 April 2017 |
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Charge for year |
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On disposals |
( |
Other adjustments |
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Amortisation at 31 March 2018 |
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Net book value | |
Net book value at 31 March 2018 |
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Net book value at 31 March 2017 |
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for the Period Ended 31 March 2018
Total | |
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Cost | £ |
At 01 April 2017 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 March 2018 |
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Depreciation | |
At 01 April 2017 |
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Charge for year |
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On disposals |
( |
Other adjustments |
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At 31 March 2018 |
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Net book value | |
At 31 March 2018 |
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At 31 March 2017 |
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for the Period Ended 31 March 2018
This loan was repaid to these shareholders in July 2018 on completion on sale of the development.
It is shown as due after more than one year as, at the Balance Sheet date, we had no acceptable offers to purchase Homefield House.
for the Period Ended 31 March 2018
2018 £ |
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Balance at 01 April 2017 |
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Surplus or deficit after revaluation |
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Balance at 31 March 2018 |
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for the Period Ended 31 March 2018