Derbyshire Holdings Limited - Accounts to registrar (filleted) - small 18.2
Derbyshire Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| DERBYSHIRE HOLDINGS LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| DERBYSHIRE HOLDINGS LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 December 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| AUDITORS: |
| 1 Rushmills |
| Northampton |
| Northamptonshire |
| NN4 7YB |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| BALANCE SHEET |
| 31 December 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium |
| Revaluation reserve | 11 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| Derbyshire Holdings Limited is a |
| 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 |
| There were no material departures from that standard. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Derbyshire Holdings Limited as an individual company and |
| do not contain consolidated financial information as the parent of a group. The company is exempt under |
| Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial |
| statements. |
| Significant judgements and estimates |
| The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, |
| by definition, seldom equal the related actual results. We have considered the estimates and assumptions |
| made by the company and have not identified any which are deemed to have a significant risk of causing a |
| material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Tangible fixed assets |
| Land and buildings | - |
| Land is not depreciated. |
| Freehold property held at valuation is revalued with sufficient regularity to ensure that the carrying amount does |
| not differ materiality from that which would be determined using fair value. Gains or losses on revaluation are |
| recognised in Other Comprehensive income and are not distributable. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Investments |
| Investments are recgonised initially at fair value which normally the transaction price excluding transaction |
| costs. Subsequently, they are measured at fair value through profit and loss if the shares are publicly traded or |
| their fair value can measured reliably. Other investments are measured at cost less impairment. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Land and |
| buildings |
| £ |
| COST OR VALUATION |
| At 1 January 2018 |
| and 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| Cost or valuation at 31 December 2018 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 2017 | 313,404 |
| Cost | 1,361,596 |
| 1,675,000 |
| If freehold land and buildings had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 1,361,596 | 1,361,596 |
| Aggregate depreciation | 48,080 | 48,080 |
| Value of land in freehold land and buildings | 400,000 | 400,000 |
| Freehold land and buildings were valued on an open market basis on 30 April 2018 by Vail Williams LLP . |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2018 |
| and 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Secured by a legal charge over land and buildings owned by the company. |
| DERBYSHIRE HOLDINGS LIMITED (REGISTERED NUMBER: 09578334) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 December 2018 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| A Ordinary | £1.00 | 600 | 600 |
| B Ordinary | £1.00 | 300 | 300 |
| C Ordinary | £1.00 | 100 | 100 |
| 1,000 | 1,000 |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2018 |
| and 31 December 2018 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
| transactions with wholly owned subsidiaries within the group. |
| The other debtors balance of £500 (2017: £500) represents loan due from A P Derbyshire. This loan is interest |
| free and repayable on demand. |
| The other creditors balance of £196,580 (2017: £271,133) represents loan due to P Derbyshire. This loan is |
| interest free and repayable on demand. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is A P Derbyshire. |