Saint Ace Land And Property Limited - Accounts to registrar (filleted) - small 18.2
Saint Ace Land And Property Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| FOR |
| SAINT ACE LAND AND PROPERTY LIMITED |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| SAINT ACE LAND AND PROPERTY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 91-97 Bohemia Road |
| St Leonards on Sea |
| East Sussex |
| TN37 6RJ |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| STATEMENT OF FINANCIAL POSITION |
| 31 OCTOBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 OCTOBER 2018 |
| 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. |
| 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 |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 1. | STATUTORY INFORMATION |
| Saint Ace Land And Property Limited is a |
| 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 |
| TURNOVER |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Motor vehicles | - |
| STOCKS |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing inventories to their present location and condition. |
| 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 statement of financial position date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 November 2017 |
| Additions |
| At 31 October 2018 |
| Depreciation |
| At 1 November 2017 |
| Charge for year |
| At 31 October 2018 |
| Net book value |
| At 31 October 2018 |
| At 31 October 2017 |
| 5. | INVENTORIES |
| 2018 | 2017 |
| £ | £ |
| Work-in-progress |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| Tax |
| VAT |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other loans (see note 8) |
| Trade creditors |
| Directors' current accounts | 128,613 | 193,108 |
| Accruals and deferred income |
| SAINT ACE LAND AND PROPERTY LIMITED (REGISTERED NUMBER: 10427081) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2018 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Other loans |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| Ordinary A | £1 | 50 | 50 |
| Ordinary B | £1 | 50 | 50 |
| 102 | 102 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2017 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 October 2018 |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £6,000 were paid to the directors . |
| At balance sheet date, there was an amount due to the director's, of £128,613 (2017:193,108). This is an interest |
| free advance to the company and does not have a fixed date of repayment. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The directors have the ultimate control of the company. |