Tondina & Son Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00852819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018

FOR

TONDINA & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Tondina

F Tondina

R R Tondina

SECRETARY:

R R Tondina

REGISTERED OFFICE:

Sandy Nook

Bradbourne Vale Road

Sevenoaks

Kent

TN13 3QQ

REGISTERED NUMBER:

00852819 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

BANKERS:

National Westminster Bank Plc

67 High Street

Sevenoaks

TN13 1LA

FIXED ASSETS

Tangible assets

4

899

999

Investment property

5

1,315,200

186,711

1,316,099

187,710

CURRENT ASSETS

Debtors

6

847

-

Cash at bank

72,809

57,927

73,656

57,927

CREDITORS

Amounts falling due within one year

7

78,992

66,988

NET CURRENT LIABILITIES

(5,336

)

(9,061

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,310,763

178,649

PROVISIONS FOR LIABILITIES

214,413

-

NET ASSETS

1,096,350

178,649

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

8

1,128,489

-

Retained earnings

(32,239

)

178,549

1,096,350

178,649

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

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

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 7 May 2019 and were signed on its behalf by:

R R Tondina - Director

1.	STATUTORY INFORMATION

Tondina & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

10% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2017

and 31 August 2018

3,996

DEPRECIATION

At 1 September 2017

2,997

Charge for year

100

At 31 August 2018

3,097

NET BOOK VALUE

At 31 August 2018

899

At 31 August 2017

999

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2017

186,711

Revaluations

1,128,489

At 31 August 2018

1,315,200

NET BOOK VALUE

At 31 August 2018

1,315,200

At 31 August 2017

186,711

Fair value at 31 August 2018 is represented by:

£

Valuation in 2018

1,128,489

Cost

186,711

1,315,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

847

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

900

-

Taxation and social security

909

-

Other creditors

77,183

66,988

78,992

66,988

8.

RESERVES

Fair

value

reserve

£

Profit & Loss Account

1,128,489

At 31 August 2018

1,128,489