Ashby Estates (Lincoln) Limited,Ltd - AccountsLtd - Accounts

Ashby Estates (Lincoln) Limited,Ltd - AccountsLtd - Accounts

ASHBY ESTATES (LINCOLN) LIMITED - Company Information

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2017-10-01 02818592 2018-09-30 02818592 2017-10-01 2018-09-30 02818592 2017-09-30 02818592 2016-10-01 2017-09-30 02818592 uk-core:WithinOneYear 2017-09-30 02818592 uk-core:WithinOneYear 2018-09-30 02818592 uk-core:ShareCapital 2018-09-30 02818592 uk-core:ShareCapital 2017-09-30 02818592 uk-core:RetainedEarningsAccumulatedLosses 2018-09-30 02818592 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 02818592 uk-bus:Director1 2017-10-01 2018-09-30 02818592 uk-core:FurnitureFittings 2017-10-01 2018-09-30 iso4217:GBP 02818592 uk-bus:AuditExemptWithAccountantsReport 2017-10-01 2018-09-30 02818592 uk-bus:FRS102 2017-10-01 2018-09-30 02818592 uk-bus:FullAccounts 2017-10-01 2018-09-30 02818592 uk-bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30
Ashby Estates (Lincoln) Limited
Registered Number:02818592
For the year ended 30 September 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2018
Ashby Estates (Lincoln) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 September 2018
Ashby Estates (Lincoln) Limited
Statement of Financial Position
Registered Number :
02818592
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
937
1,171
2
3
906,500
748,526
Investment property
907,437
749,697
Current assets
Trade and other receivables
1,795
1,001
4
12,983
Cash and cash equivalents
23,604
24,605
14,778
Trade and other payables: amounts falling due within
one year
(154,371)
(247,339)
5
(139,593)
(222,734)
Net current liabilities
Total assets less current liabilities
684,703
610,104
(9,869)
-
Provisions for liabilities
674,834
Net assets
610,104
Capital and reserves
Called up share capital
100
100
Retained earnings
674,734
610,004
674,834
610,104
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 30 September 2018
Ashby Estates (Lincoln) Limited
Statement of Financial Position Continued
Mr David James Tournay Director
These financial statements were approved and authorised for issue by the Board on 05 June 2019 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 30 September 2018
Ashby Estates (Lincoln) Limited
Notes to the Financial Statements
Statutory Information
Ashby Estates (Lincoln) Limited is a private limited company, limited by shares, domiciled in England
and Wales, registration number 02818592.
Principal place of business:
22 Thistle Close
Thetford
Norfolk
IP24 2YB
Registered address:
Belmont House
20 King Street
Thetford
Norfolk
IP24 2AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic
of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Furniture and Fittings
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 30 September 2018
Ashby Estates (Lincoln) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Furniture
and Fittings
£
Cost or
valuation
At 01 October 2017
9,991
At 30 September 2018
9,991
Provision for depreciation and impairment
At 01 October 2017
8,820
Charge for year
234
At 30 September 2018
9,054
At 30 September 2018
Net book value
937
At 30 September 2017
1,171
3. Investment property
Total
£
Fair value
At 01 October 2017
748,526
Additions
106,031
Fair value adjustments
51,943
At 30 September 2018
906,500
Net book value
At 30 September 2018
906,500
At 30 September 2017
748,526
4. Trade and other receivables
2017
2018
£
£
Trade debtors
1,001
1,795
4 of 5
7
For the year ended 30 September 2018
Ashby Estates (Lincoln) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
9,678
9,166
Other creditors
237,661
145,205
247,339
154,371
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