Valentine Court (Trewythen) Limited 31/07/2018 iXBRL

Valentine Court (Trewythen) Limited 31/07/2018 iXBRL

VALENTINE COURT (TREWYTHEN) LTD - Company Information

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Company registration number: 06323436
Valentine Court (Trewythen) Limited
Unaudited filleted financial statements
31 July 2018
Valentine Court (Trewythen) Limited
Contents
Statement of financial position
Notes to the financial statements
Valentine Court (Trewythen) Limited
Statement of financial position
31 July 2018
2018 2017
Note £ £ £ £
Current assets
Debtors 5 351 551
Cash at bank and in hand 817 351
_______ _______
1,168 902
Creditors: amounts falling due
within one year 6 ( 3,273) ( 705)
_______ _______
Net current (liabilities)/assets ( 2,105) 197
_______ _______
Total assets less current liabilities ( 2,105) 197
_______ _______
Net (liabilities)/assets ( 2,105) 197
_______ _______
Capital and reserves
Called up share capital 13 13
Profit and loss account ( 2,118) 184
_______ _______
Shareholders (deficit)/funds ( 2,105) 197
_______ _______
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 09 April 2019 , and are signed on behalf of the board by:
Mr David Jeremy Ellis-Jones
Director
Company registration number: 06323436
Valentine Court (Trewythen) Limited
Notes to the financial statements
Year ended 31 July 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 7 Christie Way, Christie Fields, Manchester, M21 7QY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Income represents the amount derived from the collection of service charges to be used for the administration and maintenance of the common parts of the property known as Valentine Court, Trewythen.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2017: 2 ).
5. Debtors
2018 2017
£ £
Other debtors 351 551
_______ _______
6. Creditors: amounts falling due within one year
2018 2017
£ £
Trade creditors 2,340 -
Other creditors 933 705
_______ _______
3,273 705
_______ _______