Deerbank Capital Ltd - Accounts to registrar (filleted) - small 18.2
Deerbank Capital Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2018 |
| FOR |
| DEERBANK CAPITAL LTD |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| 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 |
| DEERBANK CAPITAL LTD |
| COMPANY INFORMATION |
| for the Year Ended 31st July 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1 City Road East |
| Manchester |
| M15 4PN |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| BALANCE SHEET |
| 31st July 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 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 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| BALANCE SHEET - continued |
| 31st July 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved and authorised for issue by the director on by: |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st July 2018 |
| 1. | STATUTORY INFORMATION |
| Deerbank Capital Limited, formerly Coleman Charles Properties Limited is a company limited by share capital, |
| incorporated in England and Wales, registration number 07714005. The address of the registered office is |
| Midwest House, 11 Crown Industrial Estate, Canal Road, Timperley, Cheshire, WA14 1TF. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is derived from the rental income received or receivable from the investment property. |
| Turnover is shown net of value added tax and any other sales related taxes. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
| Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their |
| estimated useful lives, using the following methods: |
| Freehold property - 2% reducing balance basis |
| At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine |
| whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any |
| such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the |
| impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company |
| estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of |
| the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, |
| 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. |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st July 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| Trade and other debtors/creditors |
| Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade |
| and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent |
| to initial recognition they are measured at amortised cost using the effective interest method, less any |
| impairment losses in the case of trade debtors. |
| Cash and cash equivalents |
| Cash and cash equivalents comprise cash at bank and in hand. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| 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 |
| DEERBANK CAPITAL LTD (REGISTERED NUMBER: 07714005) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st July 2018 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31st July 2018 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 1 | 975,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | 1 | 1 | 1 |