Cathite House Limited - Accounts to registrar (filleted) - small 18.2
Cathite House Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2018 |
| FOR |
| CATHITE HOUSE LIMITED |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31st December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CATHITE HOUSE LIMITED |
| COMPANY INFORMATION |
| for the year ended 31st December 2018 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 21 Quorn Gardens |
| Leigh on sea |
| Essex |
| SS9 2TA |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| BALANCE SHEET |
| 31st December 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Capital redemption reserve | 11 |
| Fair value reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| BALANCE SHEET - continued |
| 31st December 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31st December 2018 |
| 1. | STATUTORY INFORMATION |
| Cathite House Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced rents and recharged expenses, excluding value added tax. |
| Tangible fixed assets |
| Tangible fixed assets are depreciated at rates estimated to write off the cost over their estimated useful life. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| 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. |
| 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. |
| 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. |
| Preparation of consolidated financial statements |
| The financial statement contain information about Cathite House Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 368 of the Companies Act 2006 not to prepare consolidated financial statements. |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31st December 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2018 |
| and 31st December 2018 |
| DEPRECIATION |
| At 1st January 2018 |
| Charge for year |
| At 31st December 2018 |
| NET BOOK VALUE |
| At 31st December 2018 |
| At 31st December 2017 |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1st January 2018 |
| and 31st December 2018 |
| PROVISIONS |
| At 1st January 2018 |
| and 31st December 2018 |
| NET BOOK VALUE |
| At 31st December 2018 |
| At 31st December 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st January 2018 |
| Additions |
| Revaluations |
| At 31st December 2018 |
| NET BOOK VALUE |
| At 31st December 2018 |
| At 31st December 2017 |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31st December 2018 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31st December 2018 is represented by: |
| £ |
| Valuation in 2017 | 744,380 |
| Valuation in 2018 | 248,766 |
| Cost | 607,354 |
| 1,600,500 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 607,354 | 605,620 |
| Aggregate depreciation | (90,200 | ) | (85,545 | ) |
| Investment property was valued on open market basis on 30th June 2018 by the Directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors | ( |
) | ( |
) |
| Amounts owed to group undertakings |
| Directors' current accounts |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other creditors |
| 9. | PROVISIONS FOR LIABILITIES |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 98,622 | 75,050 |
| Deferred |
| tax |
| £ |
| Balance at 1st January 2018 |
| Provided during year |
| Balance at 31st December 2018 |
| CATHITE HOUSE LIMITED (REGISTERED NUMBER: 00924061) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31st December 2018 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 |
| 11. | RESERVES |
| Capital | Fair |
| Retained | Share | redemption | value |
| earnings | premium | reserve | reserve | Totals |
| £ | £ | £ | £ | £ |
| At 1st January 2018 | 993,184 |
| Profit for the year |
| Fair value adjustment | (248,766 | ) | - | - | 248,766 | - |
| At 31st December 2018 | 1,240,028 |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st December 2018 and |
| 31st December 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 13. | RELATED PARTY DISCLOSURES |
| The Company is controlled by its directors. |
| The Company owes Mr and Mrs Dyton £33,277 (2017: £33,726 ). Included within creditors due after more than |
| one year are loans from Mr and Mrs Dyton of £276,000 (2017: £276,000). |