Pentre Industrial Estate Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03396310 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2018

for

Pentre Industrial Estate Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D H Barnett

Mrs E M Barnett

SECRETARY:

Mrs E M Barnett

REGISTERED OFFICE:

Llan Fawr

Turnpike

Llangefni

Anglesey

LL77 7YE

REGISTERED NUMBER:

03396310 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

4

-

497,566

CURRENT ASSETS

Debtors

5

213,950

3,030

Cash at bank

-

4,123

213,950

7,153

CREDITORS

Amounts falling due within one year

6

3,215

205,735

NET CURRENT ASSETS/(LIABILITIES)

210,735

(198,582

)

TOTAL ASSETS LESS CURRENT LIABILITIES

210,735

298,984

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

-

197,427

Retained earnings

210,635

101,457

SHAREHOLDERS' FUNDS

210,735

298,984

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 24th May 2019 and were signed on its behalf by:

D H Barnett - Director

1.	STATUTORY INFORMATION

Pentre Industrial Estate 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

20% on reducing balance

Freehold property - not provided

No depreciation is provided on freehold property because the directors consider that the life of the property and

its residual value is such that depreciation is not material.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Freehold

machinery

property

etc

Totals

£

£

£

COST OR VALUATION

At 1st September 2017

494,198

5,263

499,461

Disposals

(494,198

)

(5,263

)

(499,461

)

At 31st August 2018

-

-

-

DEPRECIATION

At 1st September 2017

-

1,895

1,895

Eliminated on disposal

-

(1,895

)

(1,895

)

At 31st August 2018

-

-

-

NET BOOK VALUE

At 31st August 2018

-

-

-

At 31st August 2017

494,198

3,368

497,566

Cost or valuation at 31st August 2018 is represented by:

Freehold

property

£

Valuation in 2001

64,846

Valuation in 2005

147,581

Valuation in 2006

(15,000

)

197,427

If freehold property had not been revalued it would have been included at the following historical cost:

31.8.18

31.8.17

£

£

Cost

296,771

296,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

-

2,580

Other debtors

-

450

Directors' current accounts

213,440

-

VAT

510

-

213,950

3,030

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

-

(1

)

Tax

155

5,780

VAT

-

2,737

Directors' current accounts

-

192,385

Accrued expenses

3,060

4,834

3,215

205,735

7.	SECURED DEBTS

HSBC has a charge over the company assets on any money due to them.

8.

RESERVES

Revaluation

reserve

£

At 1st September 2017

197,427

Realised gains

(197,427

)

At 31st August 2018

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st August 2018 and

31st August 2017:

31.8.18

31.8.17

£

£

D H Barnett

Balance outstanding at start of year

-

-

Amounts advanced

203,913

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

203,913

-

Mrs E M Barnett

Balance outstanding at start of year

-

-

Amounts advanced

201,912

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

201,912

-