Carr Royd Parks Limited - Accounts to registrar (filleted) - small 18.2

Carr Royd Parks Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01019419 (England and Wales)












CARR ROYD PARKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018






CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARR ROYD PARKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







Directors: Mr P Hanley
Mr J Hanley





Registered office: Dalton House
9 Dalton Square
LANCASTER
LA1 1WD





Business address: Sunset Park
Sower Carr Lane
Hambleton
POULTON-LE-FYLDE
FY6 9EQ





Registered number: 01019419 (England and Wales)





Accountants: Scott & Wilkinson LLP
Chartered Accountants
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,167,003 2,303,089
Investments 5 - 1
5,167,003 2,303,090

Current assets
Stocks 50,209 152,500
Debtors 6 62,071 44,945
Cash at bank and in hand 305,763 187,532
418,043 384,977
Creditors
Amounts falling due within one year 7 645,432 786,418
Net current liabilities (227,389 ) (401,441 )
Total assets less current liabilities 4,939,614 1,901,649

Creditors
Amounts falling due after more than one
year

8

(17,013

)

(151,158

)

Provisions for liabilities (535,201 ) (10,828 )
Net assets 4,387,400 1,739,663

Capital and reserves
Called up share capital 32,000 32,000
Share premium 4,500 4,500
Revaluation reserve 9 3,238,946 922,530
Other reserves 37,173 37,173
Retained earnings 1,074,781 743,460
4,387,400 1,739,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

BALANCE SHEET - continued
31 DECEMBER 2018


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 22 July 2019 and were signed on its behalf by:





Mr P Hanley - Director


CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. Statutory information

Carr Royd Parks 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 21 (2017 - 24 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost or valuation
At 1 January 2018 1,673,525 1,100,274 2,773,799
Additions 4,255 136,371 140,626
Disposals - (82,571 ) (82,571 )
Revaluations 2,859,774 - 2,859,774
At 31 December 2018 4,537,554 1,154,074 5,691,628
Depreciation
At 1 January 2018 - 470,710 470,710
Charge for year - 113,236 113,236
Eliminated on disposal - (59,321 ) (59,321 )
At 31 December 2018 - 524,625 524,625
Net book value
At 31 December 2018 4,537,554 629,449 5,167,003
At 31 December 2017 1,673,525 629,564 2,303,089

Cost or valuation at 31 December 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 2,859,774 - 2,859,774
Cost 1,677,780 1,154,074 2,831,854
4,537,554 1,154,074 5,691,628

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

2018 2017
£    £   
Cost 1,677,780 -

Freehold land and buildings were valued on an open market basis on 4 October 2018 by the purchaser .

CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
Cost or valuation
At 1 January 2018
and 31 December 2018 79,868
Depreciation
At 1 January 2018 15,974
Charge for year 7,986
At 31 December 2018 23,960
Net book value
At 31 December 2018 55,908
At 31 December 2017 63,894

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2018 1
Disposals (1 )
At 31 December 2018 -
Net book value
At 31 December 2018 -
At 31 December 2017 1

6. Debtors: amounts falling due within one year
2018 2017
£    £   
Trade debtors 60,075 35,001
Other debtors 1,996 9,944
62,071 44,945

CARR ROYD PARKS LIMITED (REGISTERED NUMBER: 01019419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


7. Creditors: amounts falling due within one year
2018 2017
£    £   
Bank loans and overdrafts 43,528 75,661
Hire purchase contracts 18,967 17,751
Trade creditors 97,442 353,450
Amounts owed to group undertakings - 75,000
Taxation and social security 65,023 53,967
Other creditors 420,472 210,589
645,432 786,418

8. Creditors: amounts falling due after more than one year
2018 2017
£    £   
Bank loans 5,780 120,958
Hire purchase contracts 11,233 30,200
17,013 151,158

9. Reserves
Revaluation
reserve
£   
At 1 January 2018 922,530
Revaluation in year 2,859,773
Deferred tax on revaluation (543,357 )

At 31 December 2018 3,238,946

10. Ultimate controlling party

The controlling party is Sunset Park Limited.