Specnoll Limited - Accounts to registrar (filleted) - small 18.2

Specnoll Limited - Accounts to registrar (filleted) - small 18.2

SPECNOLL LIMITED - Company Information

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REGISTERED NUMBER: 01335888 (England and Wales)















Financial Statements for the Year Ended 31 December 2018

for

Specnoll Limited
Specnoll Limited (Registered number: 01335888)






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


Specnoll Limited

Company Information
for the Year Ended 31 December 2018







DIRECTOR: R W A Simons





SECRETARY: R W A Simons





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 01335888 (England and Wales)





ACCOUNTANTS: Style and Silver
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN
Page 1
Specnoll Limited (Registered number: 01335888)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 785,000 785,000

CURRENT ASSETS
Debtors 4 21,551 20,913
Cash at bank 154,471 96,583
176,022 117,496
CREDITORS
Amounts falling due within one year 5 36,505 38,086
NET CURRENT ASSETS 139,517 79,410
TOTAL ASSETS LESS CURRENT
LIABILITIES
924,517
864,410

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 691,739 691,739
Capital redemption reserve 50,111 50,111
Retained earnings 182,567 122,460
SHAREHOLDERS' FUNDS 924,517 864,410

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 director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Specnoll Limited (Registered number: 01335888)

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 director on 16 July 2019 and were signed by:





R W A Simons - Director


The notes form part of these financial statements

Page 3
Specnoll Limited (Registered number: 01335888)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Specnoll 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

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.

Page 4 continued...
Specnoll Limited (Registered number: 01335888)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 785,000
NET BOOK VALUE
At 31 December 2018 785,000
At 31 December 2017 785,000

The valuations of investment properties were made as at 31st December 2013 by the Directors, on an
open market basis. No depreciation is provided in respect of these properties in accordance with
SSAP No. 19.

On an historical cost basis these would have been included at an original cost of £93,261

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Other debtors 21,551 20,913

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Deposits held 500 500
Taxation and social security 14,099 11,921
Other creditors 21,906 25,665
36,505 38,086

6. RESERVES
Revaluation
reserve
£   
At 1 January 2018
and 31 December 2018 691,739

Page 5