Fawns (Aldershot) Limited
Fawns (Aldershot) Limited
Registered number: 00461908
Unaudited Financial Statements
For The Year Ended 31 December 2018
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Fawns (Aldershot) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Fawns (Aldershot) Limited
Balance Sheet
As at
31 December 2018
Balance Sheet
Registered number:
00461908
For the year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 8 | - |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 9 |
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| Share premium account |
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| Revaluation reserve |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 776,399 | 761,053 | |||
Page 1
Fawns (Aldershot) Limited
Balance Sheet (continued)
As at
31 December 2018
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Fawns (Aldershot) Limited
Notes to the Financial Statements
For The Year Ended 31 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102. The date of transition is 1 January 2015.
The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below.
1.2.
Turnover
Turnover comprises of the invoiced value of services supplied by the company, net of Value Added Tax and discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.4.
Investment Properties
Investment property is included at fair value. Losses are recognised in the income statement.
1.5.
Financial Instruments
Financial instruments are recongised at initial value exchanged.
1.6.
Taxation
The tax charge takes into account deferred tax which arrises as a result of timing differences between the treatment of certain items for tax and accounting purposes. In general, deferred tax is recognised in respect of timing differences that have originated but had not been reversed at the balance sheet date.
Deferred tax assets are recognised only to the extent that the directors consider it to be more likely than not that there will be suitable taxable profits from which the future reversal of timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods from which the timing differences reverse. This is based on tax rates and the law enacted at the balance sheet date.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2018 | 2017 | ||
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| Office and administration |
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Page 3
Fawns (Aldershot) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
4.
Tangible Assets
| Investment Properties | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Cost or valuation at 31 December 2018 is represented by:
£105,532: Valuation in 2000
£ 65,000 : Valuation in 2014
£ 25,000 : Valuation in 2015
(£22,500): Valuation in 2017
£ 54,468 : Cost
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£227,500: Total
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If investment properties had not been revalued they would have been included at the following historical cost:
Cost at 31 December 2018: £54,468 (2016: £54,468)
Investment properties were valued by specialists at a market value on the 17 November 2017. The directors deem for this to be the value on the 31 December 2018.
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Fawns (Aldershot) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
5.
Investments
| Listed | |
|---|---|
| £ | |
| Cost | |
| As at |
214,104 |
| Additions | 575,000 |
| Disposals | (214,531) |
| Revaluations | 427 |
| As at |
575,000 |
| Provision | |
| As at |
- |
| As at |
- |
| Net Book Value | |
| As at |
575,000 |
| As at |
214,104 |
Cost or valuation at 31 December 2018 is represented by:
Cost 31 12 17- £214,104
Disposals 31 12 18 - (£214,104)
Investments 31 12 18 - £575,000
Balance 31 12 18 - £575,000
6.
Debtors
| 2018 | 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Corporation tax recoverable assets |
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Fawns (Aldershot) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2018
7.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Corporation tax |
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| VAT |
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| Accruals and deferred income |
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| Directors' loan accounts |
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8.
Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances
| 2018 | 2017 | ||
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| £ | £ | ||
| Deferred tax | - |
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10.
Related Party Transactions
During the year the directors withdrew £5,000 (2017: £NIL).
At the end of the accounting period the company owed the directors £23,597 (2017: £28,597). The loan to the company is unsecured, interest fee and has no fixed repayment date.
11.
Ultimate Controlling Party
The controlling party is P A Funnell.
12.
General Information
Fawns (Aldershot) Limited Registered number 00461908 is a limited by shares company incorporated in England & Wales. The Registered Office is Foxfire House, Beales Lane, Wrecclesham, Farnham, GU10 4PY.
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