| Lower Pantiles(Car Park and Auction Hall) Limited |
| Registered number: |
10168634 |
| Balance Sheet |
| as at 31 May 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
150,000 |
|
|
150,000 |
|
| Current assets |
| Debtors |
3 |
|
100 |
|
|
100 |
|
| Creditors: amounts falling due within one year |
4 |
|
(150,000) |
|
|
(150,000) |
|
| Net current liabilities |
|
|
|
(149,900) |
|
|
(149,900) |
|
| Net assets |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
|
| Shareholders' funds |
|
|
|
100 |
|
|
100 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| C G C Nevill |
| Director |
| Approved by the board on 25 February 2019 |
|
| Lower Pantiles(Car Park and Auction Hall) Limited |
| Notes to the Accounts |
| for the year ended 31 May 2018 |
|
|
| 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). |
|
|
Income |
|
Income is recognised when the right to that income arises. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investment property is included at fair value. Gains are recognised in the Profit and loss account. Deferred taxation is provided on these gains at rates expected to apply when the property is sold. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
At 1 June 2017 |
150,000 |
|
At 31 May 2018 |
150,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 May 2018 |
- |
|
|
|
|
|
|
|
|
|
|
Fair Value |
|
At 31 May 2018 |
150,000 |
|
At 31 May 2017 |
150,000 |
|
|
Investment property was valued by the directors at 31 May 2017 and 31 May 2018. |
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
150,000 |
|
150,000 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Lower Pantiles(Car Park and Auction Hall) Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Estate Office |
|
Eridge Park |
|
Tunbridge Wells |
|
Kent |
|
TN3 9JT |
