Carr Lane Properties Limited - Accounts

Carr Lane Properties Limited - Accounts

CARR LANE PROPERTIES LIMITED - Company Information

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Registered Number: 05341909
England and Wales

 

 

 

CARR LANE PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

Carr Lane Properties Limited
Contents Page
For the year ended 31 March 2019
Directors Graham Alan Clegg
Jonathan Miles Cockram
Registered Number 05341909
Registered Office 1 Carr Lane
Hoylake
Wirral
Merseyside
CH47 4BG
Accountants Woods Squared Limited
Unit 3 Prenton Business Park
Prenton Way
Prenton
Wirral
CH43 3EA
1
The directors present their annual report and the financial statements for the year ended 31 March 2019
Principal activities
The companys principal activity during the year was commercial rental.
Directors
The directors who served the company throughout the year were as follows:
Graham Alan Clegg
Jonathan Miles Cockram

Statement of Directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf.


----------------------------------
Graham Alan Clegg
Director

Date approved: 09 August 2019
2
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 239,199    246,923 
239,199    246,923 
Current assets      
Cash at bank and in hand 13,279    7,316 
Creditors: amount falling due within one year 3 (132,563)   (122,306)
Net current assets (119,284)   (114,990)
 
Total assets less current liabilities 119,915    131,933 
Creditors: amount falling due after more than one year 4 (31,967)   (53,884)
Provisions for liabilities 5 (1,488)   - 
Net assets 86,460    78,049 
 

Capital and reserves 		     
Called up share capital 1,000    1,000 
Profit and loss account 85,460    77,049 
Shareholders funds 86,460    78,049 
 


For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
Signed on behalf of the board of directors


--------------------------------
Graham Alan Clegg
Director

Date approved by the board: 09 August 2019
3
General Information
Carr Lane Properties Limited is a private company, limited by shares , registered in England and Wales , registration number 05341909 , registration address 1 Carr Lane, Hoylake, Wirral, Merseyside, CH47 4BG.

The presentation currency is £ sterling
1.

Accounting Policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard)
Turnover
Turnover comprises the rents received in the period. 
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Tangible fixed assets
Tangible fixed assets, 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:
Land and Buildings 2% Straight Line
Plant and Machinery 15% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Tangible fixed assets

Cost Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 April 2018 317,116    15,000    332,116 
Additions -    -    - 
Disposals -    -    - 
At 31 March 2019 317,116    15,000    332,116 
Depreciation
At 01 April 2018 79,404    5,789    85,193 
Charge for year 6,342    1,382    7,724 
On disposals -    -    - 
At 31 March 2019 85,746    7,171    92,917 
Net book values
Closing balance as at 31 March 2019 231,370    7,829    239,199 
Opening balance as at 01 April 2018 237,712    9,211    246,923 


3.

Creditors: amount falling due within one year

2019
£		   2018
£
Trade Creditors (1)   600 
Bank Loans & Overdrafts 10,959    10,182 
Corporation Tax 4,134    4,835 
Accrued Expenses 600    - 
Directors' Current Accounts 116,871    106,689 
132,563    122,306 

4.

Creditors: amount falling due after more than one year

2019
£		   2018
£
Bank Loans & Overdrafts 31,967    53,884 
31,967    53,884 

5.

Provisions for liabilities

2019
£		   2018
£
Deferred Tax 1,488    - 
1,488    - 

4