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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2017 |
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FOR |
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FRADLEY MARINA LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2017 |
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FOR |
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FRADLEY MARINA LIMITED |
FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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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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FRADLEY MARINA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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New Media House |
Davidson Road |
Lichfield |
Staffordshire |
WS14 9DZ |
FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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ABRIDGED BALANCE SHEET |
30 JUNE 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 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 liabilities | ( |
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Total assets less current liabilities | ( |
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Capital and reserves |
Called up share capital |
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Fair value reserve | 5 | ( |
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Retained earnings | ( |
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( |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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ABRIDGED BALANCE SHEET - continued |
30 JUNE 2017 |
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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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FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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1. | STATUTORY INFORMATION |
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Fradley Marina Limited is a
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registered 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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The director will not require the company to repay the director's loan balance until such time as funds allow. Having |
taken this factor into account the director has prepared the accounts on a going concern basis. |
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Tangible fixed assets |
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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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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3. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
Additions |
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At 30 June 2017 |
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DEPRECIATION |
Charge for year |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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4. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 July 2016 |
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Additions |
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Disposals | ( |
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Revaluations | (13,106 | ) |
At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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Included in fair value of investment property is freehold land of £ 65,000 (2016 - £ 65,000 ) which is not depreciated. |
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Fair value at 30 June 2017 is represented by: |
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£ |
Valuation in 2016 | (46,786 | ) |
Valuation in 2017 | (13,106 | ) |
Cost | 124,892 |
65,000 |
FRADLEY MARINA LIMITED (REGISTERED NUMBER: 09633127) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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4. | INVESTMENT PROPERTY - continued |
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If the plot of land at Daisy Lane had not been revalued it would have been included at the following historical cost: |
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2017 | 2016 |
£ | £ |
Cost | 124,892 | 111,786 |
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The plot of land at Daisy Lane was valued on an open market basis on 3 February 2017 by Ian Robertson MRICS. . |
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The director is of the opinion that the fair value of the investment property remained the same from the date of the |
valuation to the year end. |
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5. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 July 2016 | ( |
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Fair value adjustment to |
investment property | (13,106 | ) |
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At 30 June 2017 | ( |
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6. | RELATED PARTY DISCLOSURES |
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At the year end the company owed the director £160,398 (2016: £111,785). This loan is interest free and repayable on |
demand. |