Wallop Brazstore (Marginal) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08141571 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

WALLOP BRAZSTORE (MARGINAL) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Lord O H R Lymington

SECRETARY:

Mrs G Iddeson

REGISTERED OFFICE:

Estate Office

Farleigh Wallop

Basingstoke

Hampshire

RG25 2HT

REGISTERED NUMBER:

08141571 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Investments

3

2,938,294

2,938,294

CREDITORS

Amounts falling due within one year

4

1,080

1,080

NET CURRENT LIABILITIES

(1,080

)

(1,080

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,937,214

2,937,214

CREDITORS

Amounts falling due after more than one year

5

2,967,490

2,963,624

NET LIABILITIES

(30,276

)

(26,410

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(30,376

)

(26,510

)

(30,276

)

(26,410

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 19 July 2019 and were signed by:

Lord O H R Lymington - Director

1.	STATUTORY INFORMATION

Wallop Brazstore (Marginal) Ltd 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.

Financial instruments

Unlisted investments are accounted for at cost less impairment where it is not possible to obtain a reliable

estimate of their fair value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	FIXED ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Other investments not loans

2,466,981

2,466,981

Other loans

471,313

471,313

2,938,294

2,938,294

Additional information is as follows:

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

2,466,981

NET BOOK VALUE

At 31 March 2019

2,466,981

At 31 March 2018

2,466,981

Other

loans

£

At 1 April 2018

and 31 March 2019

471,313

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

1,080

1,080

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

2,967,490

2,963,624

The Directors loan is unsecured and interest free. The lender, Oliver Lymington, has agreed that he will not

demand repayment until 1 April 2020 at the earliest and only thereafter if to do so would not prejudice the

interest of other creditors or the company's ability to continue trading as a going concern.