New Station Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01596510 (England and Wales)

Financial Statements

for the Year Ended 30 June 2018

for

New Station Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

5

DIRECTORS:

S T Davis

Mrs M Davis

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

01596510 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

1,690,587

1,696,825

Investments

5

101

101

1,690,688

1,696,926

CURRENT ASSETS

Debtors

6

588,606

514,095

Cash at bank

15,414

60,467

604,020

574,562

CREDITORS

Amounts falling due within one year

7

585,961

502,475

NET CURRENT ASSETS

18,059

72,087

TOTAL ASSETS LESS CURRENT LIABILITIES

1,708,747

1,769,013

CREDITORS

Amounts falling due after more than one year

8

(1,105,665

)

(1,272,280

)

PROVISIONS FOR LIABILITIES

(6,127

)

-

NET ASSETS

596,955

496,733

CAPITAL AND RESERVES

Called up share capital

5,600

5,600

Revaluation reserve

9

15,650

15,650

Retained earnings

575,705

475,483

SHAREHOLDERS' FUNDS

596,955

496,733

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 March 2019 and were signed on its behalf by:

S T Davis - Director

1.	STATUTORY INFORMATION

New Station Developments 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Not provided

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Pension costs

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately

from those of the company in an independently administered fund. The pension cost charge represents

contributions payable by the company to the fund.

Freehold property

The company has not depreciated it's freehold property in accordance with accounting standards. It is the

company's policy to maintain it's property in a continual state of sound repair and so any depreciation would be

immaterial. Provision will be made should any permanent diminution in value occur.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 July 2017

1,654,986

269,793

1,924,779

Additions

214

-

214

At 30 June 2018

1,655,200

269,793

1,924,993

DEPRECIATION

At 1 July 2017

-

227,954

227,954

Charge for year

-

6,452

6,452

At 30 June 2018

-

234,406

234,406

NET BOOK VALUE

At 30 June 2018

1,655,200

35,387

1,690,587

At 30 June 2017

1,654,986

41,839

1,696,825

Cost or valuation at 30 June 2018 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1995

15,650

-

15,650

Cost

1,639,550

269,793

1,909,343

1,655,200

269,793

1,924,993

If freehold property had not been revalued it would have been included at the following historical cost:

30.6.18

30.6.17

£

£

Cost

1,545,372

1,545,372

Value of land in freehold land and buildings

125,000

125,000

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2017

and 30 June 2018

101

NET BOOK VALUE

At 30 June 2018

101

At 30 June 2017

101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

94,268

36,908

Other debtors

494,338

477,187

588,606

514,095

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

71,264

50,407

Other creditors

514,697

452,068

585,961

502,475

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Other creditors

1,105,665

1,272,280

9.

RESERVES

Revaluation

reserve

£

At 1 July 2017

and 30 June 2018

15,650