Courtscreen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06362218 (England and Wales)

COURTSCREEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

A J King

REGISTERED OFFICE:

1 Goodison Road

Lincs Gateway Business Park

Spalding

Lincolnshire

PE12 6FY

REGISTERED NUMBER:

06362218 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 All Saints Street

Stamford

Lincolnshire

PE9 2PA

CREDITORS

Amounts falling due within one year

4

(25,982

)

(25,322

)

NET CURRENT LIABILITIES

(25,982

)

(25,322

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,982

)

(25,322

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

(26,082

)

(25,422

)

SHAREHOLDERS' FUNDS

(25,982

)

(25,322

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director on 13 March 2019 and were signed by:

A J King - Director

1.	STATUTORY INFORMATION

Courtscreen Limited is a private company, limited by shares , registered in England and 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account,

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

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.

Going concern

The company incurred a net loss after taxation of £660 (2017: £690) during the year.

At the balance sheet date the company had net current liabilities and net liabilities of £25,982 (2017: £25,322).

The company has been trading for a number of years but has not yet achieved a successful development. The

director continues to seek potential development sites that will ensure that the company will become

profitable in the future.

The company meets its day to day working capital requirements from Ashley King (Developments) Limited, the

parent company, via a bank overdraft and bank loan facilities. The director has no reason to believe that the

banks will not continue to support the company for the foreseeable future. The company also relies on loans

provided by related parties under the common control of the director. The director has given assurances that

they will not withdraw this funding to the extent that it would jeopardise the company's ability to continue as

a going concern. The director will continue to provide additional financial support to the company as required.

For the above reasons, the director believes it is appropriate to prepare the financial statements on the going

concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed to group undertakings

25,387

24,727

Accrued expenses

595

595

25,982

25,322

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100