S P L (Oxford) Limited - Accounts to registrar (filleted) - small 18.2
S P L (Oxford) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2018 |
| FOR |
| S P L (OXFORD) LIMITED |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| S P L (OXFORD) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 31 Astrop Road |
| Middleton Cheney |
| Banbury |
| Oxfordshire |
| OX17 2PQ |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| BALANCE SHEET |
| 31ST JULY 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation 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. |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| BALANCE SHEET - continued |
| 31ST JULY 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 |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| 1. | STATUTORY INFORMATION |
| S P L (Oxford) Limited is a |
| number and registered office address can be found on the Company Information page. |
| The company trades from Wrightson Close, Oxford. OX33 1RR. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Income represents amounts received for the hire of the property and related facilities and is recognised in the period that the |
| hire takes place. Any deposits received in advance of a booking are held until the hire takes place. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| The directors have adopted a policy of revaluing fixed assets to their fair value at regular intervals where there has been a |
| material change in the market value. The accounts to 31st July 2018 include an increase in the fair value of the Freehold |
| land and buildings in accordance with FRS102 S17..The directors will review the valuations on an annual basis and will seek |
| professional valuation where appropriate. |
| 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. |
| Deferred tax provision includes the potential capital gains tax payable based on the current market value of the freehold |
| property. |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1st August 2017 |
| Revaluations |
| At 31st July 2018 |
| DEPRECIATION |
| At 1st August 2017 |
| Charge for year |
| At 31st July 2018 |
| NET BOOK VALUE |
| At 31st July 2018 |
| At 31st July 2017 |
| Cost or valuation at 31st July 2018 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2018 | 750,000 | 23,636 | 773,636 |
| If freehold land and building had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 552,678 | 552,678 |
| Aggregate depreciation | 9,948 | 6,632 |
| Value of land in freehold land and buildings | 386,874 | 386,874 |
| Freehold land and building was valued on an open market basis on 31st July 2018 by the directors . |
| 4. | FIXED ASSET INVESTMENTS |
| During the year the company purchased a 50% share in Contact Security LImited.. |
| The results for Contact Security Limited for the year ended 30th April 2018 showed a profit for the year of £17,445 with |
| capital and reserves amounting to £284,434. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Prepayments |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Tax |
| Directors' loan accounts | 303,920 | 566,870 |
| Deferred income |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans (see note 8) |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due between two and five years: |
| Bank loans - 2-5 years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Handelsbanken hold a charge dated 3rd April 2018 over freehold property owned by the company |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| A Ordinary | 1 | 150 | 150 |
| B Ordinary | 1 | 400 | 400 |
| 550 | 550 |
| S P L (OXFORD) LIMITED (REGISTERED NUMBER: 09677240) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST JULY 2018 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1st August 2017 | 112,358 |
| Deficit for the year | ( |
) | ( |
) |
| Revaluation freehold land and |
| buildings | - | 100,000 | 100,000 |
| Potential CGT on disposal | 16,589 | (16,589 | ) | - |
| At 31st July 2018 | 190,836 |
| 12. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the directors were owed by the company £303,920. They have indicated that they will not request |
| repayment of this amount until the cash flow of the company allows. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is S C S Lewis. |