Arm Hill Limited - Accounts to registrar (filleted) - small 18.2

Arm Hill Limited - Accounts to registrar (filleted) - small 18.2

ARM HILL LIMITED - Company Information

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REGISTERED NUMBER: 01180800 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2019

FOR

ARM HILL LIMITED
ARM HILL LIMITED (REGISTERED NUMBER: 01180800)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ARM HILL LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2019







DIRECTORS: Mr S A Blackwell
Mr A J Blackwell
Mrs J E Blackwell
Mrs J H Blackwell





SECRETARY: Mr S A Blackwell





REGISTERED OFFICE: 10 Market Square
Lytham
Lancashire
FY8 5LW





REGISTERED NUMBER: 01180800 (England and Wales)





ACCOUNTANTS: Whitehead & Howarth
327 Clifton Drive South
Lytham St Annes
Lancashire
FY8 1HN
Page 1
ARM HILL LIMITED (REGISTERED NUMBER: 01180800)

BALANCE SHEET
31 JANUARY 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 400,132 400,155

CURRENT ASSETS
Debtors 4 970 975
Cash at bank 5,921 8,642
6,891 9,617
CREDITORS
Amounts falling due within one year 5 50,001 41,661
NET CURRENT LIABILITIES (43,110 ) (32,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
357,022
368,111

PROVISIONS FOR LIABILITIES 49,701 49,701
NET ASSETS 307,321 318,410

CAPITAL AND RESERVES
Called up share capital 60 60
Retained earnings 6 307,261 318,350
SHAREHOLDERS' FUNDS 307,321 318,410

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 21 May 2019 and were signed on its behalf by:




Mr A J Blackwell - Director


The notes form part of these financial statements

Page 2
ARM HILL LIMITED (REGISTERED NUMBER: 01180800)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2019

1. STATUTORY INFORMATION

Arm Hill 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.

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.

Turnover
Turnover comprises rents receivable in respect of the company's freehold interests in land and buildings.

Tangible fixed assets and depreciation
Depreciation has been provided at the rate of 15% on a reducing balance basis in order to write down the cost of
fixtures and fittings over their expected useful lives.

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.

Investment properties
In accordance with FRS 102 Section 1A, the company's freehold properties are held for long term investment
and are included in the balance sheet at their open market value. Surpluses and deficits arising on revaluation are
taken directly to Profit and Loss Account.

Page 3 continued...
ARM HILL LIMITED (REGISTERED NUMBER: 01180800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2019

3. TANGIBLE FIXED ASSETS
Fixtures
Investment and
properties fittings Totals
£    £    £   
COST OR VALUATION
At 1 February 2018
and 31 January 2019 400,000 9,574 409,574
DEPRECIATION
At 1 February 2018 - 9,419 9,419
Charge for year - 23 23
At 31 January 2019 - 9,442 9,442
NET BOOK VALUE
At 31 January 2019 400,000 132 400,132
At 31 January 2018 400,000 155 400,155

Included in cost or valuation of land and buildings is freehold land of £ 400,000 (2018 - £ 400,000 ) which is not
depreciated.

Cost or valuation at 31 January 2019 is represented by:

Fixtures
Investment and
properties fittings Totals
£    £    £   
Valuation in 2005 173,184 - 173,184
Valuation in 2007 105,000 - 105,000
Valuation in 2016 75,000 - 75,000
Cost 46,816 9,574 56,390
400,000 9,574 409,574

If Freehold land and buildings had not been revalued they would have been included at the following historical
cost:

31.1.19 31.1.18
£    £   
Cost 46,816 46,816

Value of land in freehold land and buildings 46,816 46,816

Freehold land and buildings were valued on an open market basis on 31 January 2016 by Mr. A.J.B. Blackwell, a director
.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Other debtors 970 975

Page 4 continued...
ARM HILL LIMITED (REGISTERED NUMBER: 01180800)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2019

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.19 31.1.18
£    £   
Taxation and social security 1,157 2,651
Other creditors 48,844 39,010
50,001 41,661

6. RESERVES

The balance of retained earnings at 31/1/2019 of £307,261 (2018: £318,350) includes unrealised retained
earnings of £303,483 (2018: £303,483) in respect of surpluses that have arisen on the revaluation of the
company's investment property.

7. RELATED PARTY DISCLOSURES

Control

The company is controlled by Mr. S.A.B. Blackwell and Mr. A.J.B.Blackwell, both of whom are directors of the
company.

Page 5