Chiltern Instruments & Gauges Limited
|
Registered number: |
00433287
|
Balance Sheet |
as at 31 March 2019
|
|
Notes |
|
|
2019 |
|
|
2018 |
£ |
£ |
Fixed assets |
|
Tangible assets |
3 |
|
|
1,614,352 |
|
|
1,610,092 |
|
Current assets |
Debtors |
4 |
|
680 |
|
|
2,780 |
Cash at bank and in hand |
|
|
67,072 |
|
|
78,072 |
|
|
|
67,752 |
|
|
80,852 |
|
Creditors: amounts falling due within one year |
5 |
|
(5,150) |
|
|
(6,441) |
|
Net current assets |
|
|
|
62,602 |
|
|
74,411 |
|
Total assets less current liabilities |
|
|
|
1,676,954 |
|
|
1,684,503 |
|
Provisions for liabilities |
|
|
|
(210,225) |
|
|
(210,225) |
|
Net Assets |
|
|
|
1,466,729 |
|
|
1,474,278 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
110,000 |
|
|
110,000 |
Revaluation reserve |
7 |
|
|
896,218 |
|
|
896,218 |
Profit and loss account |
|
|
|
460,511 |
|
|
468,060 |
|
Shareholders' funds |
|
|
|
1,466,729 |
|
|
1,474,278 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
E J Devitt |
Director |
Approved by the board on 16 July 2019
|
|
Chiltern Instruments & Gauges Limited
|
Notes to the Accounts |
for the year ended 31 March 2019
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover represents rents receivable.
|
|
|
Freehold Investment Properties |
|
Freehold investment properties comprise properties retained as long-term investments and are held at Independent Valuation or recent cost. The aggregate surplus or deficit arising from any revaluation, after provision for deferred taxation, is taken to the Revaluation Reserve, any surplus not being distributable. One property was valued as at 31 March 2018 by Messrs Aitchison Rafferty, Chartered Surveyors, on an open market basis and the other properties are shown at recent cost. No depreciation has been provided in respect of investment properties as indicative present values exceed valuation or cost. |
|
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate.
|
|
|
|
2 |
Employees |
2019 |
|
2018 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
Land and buildings |
|
Total |
£ |
£ |
|
Cost |
|
At 1 April 2018 |
1,610,092 |
|
1,610,092 |
|
Additions |
4,260 |
|
4,260 |
|
Surplus on revaluation |
- |
|
- |
|
Disposals |
- |
|
- |
|
At 31 March 2019 |
1,614,352 |
|
1,614,352 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2018 |
- |
|
- |
|
Charge for the year |
- |
|
- |
|
Surplus on revaluation |
- |
|
- |
|
On disposals |
- |
|
- |
|
At 31 March 2019 |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2019 |
1,614,352 |
|
1,614,352 |
|
At 31 March 2018 |
1,610,092 |
|
1,610,092 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2019 |
|
2018 |
£ |
£ |
|
Historical cost |
507,909 |
|
503,649 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
507,909 |
|
503,649 |
|
[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.] |
|
|
|
4 |
Debtors |
2019 |
|
2018 |
£ |
£ |
|
|
Trade debtors |
415 |
|
1,015 |
|
Other debtors |
265 |
|
1,765 |
|
|
|
|
|
|
680 |
|
2,780 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
£ |
£ |
|
Taxation |
850 |
|
41 |
|
Other creditors |
4,300 |
|
6,400 |
|
|
|
|
|
|
5,150 |
|
6,441 |
|
|
|
|
|
|
|
|
|
|
|
6 |
Provisions for Liabilities |
2019 |
|
2018 |
£ |
£ |
|
Provision for deferred tax |
210,225 |
|
210,225 |
|
|
7 |
Revaluation reserve |
2019 |
|
2018 |
£ |
£ |
|
|
At 1 April 2018 |
896,218 |
|
317,154 |
|
Reduction arising from change in rate of corporation tax |
- |
|
710,000 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(130,936) |
|
|
At 31 March 2019 |
896,218 |
|
896,218 |
|
|
|
|
|
|
|
|
|
|
|
8 |
Controlling party |
|
|
No one shareholder has control over the compamy's affairs but all beneficial shareholders are closely related. |
|
9 |
Other information |
|
|
Chiltern Instruments & Gauges Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Old House |
|
194 Aylesbury Road, Bierton |
|
Aylesbury |
|
Bucks |
|
HP22 5DT |