Slumgothic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05880117 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2017 to 31 December 2018

for

Slumgothic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hammond

Ms M E Ward-Lowery

D D Doughty

Ms C J Buckley

Ms J M Cifre-Cerda

C P Disley

SECRETARY:

Mrs H E Hammond

REGISTERED OFFICE:

The Shooting Lodge

Scotter Road

Laughton

Gainsborough

Lincolnshire

DN21 3PT

REGISTERED NUMBER:

05880117 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Unit 1, Sandars Road

Heapham Rd Ind Estate

Gainsborough

Lincolnshire

DN21 1RZ

FIXED ASSETS

Tangible assets

4

59,652

67,323

CURRENT ASSETS

Stocks

300

275

Debtors

5

-

555

Cash at bank and in hand

31,128

22,936

31,428

23,766

CREDITORS

Amounts falling due within one year

6

8,676

17,198

NET CURRENT ASSETS

22,752

6,568

TOTAL ASSETS LESS CURRENT LIABILITIES

82,404

73,891

ACCRUALS AND DEFERRED INCOME

89,421

80,601

NET LIABILITIES

(7,017

)

(6,710

)

RESERVES

Income and expenditure account

(7,017

)

(6,710

)

(7,017

)

(6,710

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 surplus or deficit 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 10 June 2019 and were signed on its behalf by:

M Hammond - Director

1.	STATUTORY INFORMATION

Slumgothic Limited is a private company, limited by guarantee , 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.

Although the accounts show net liabilities, the director, who is the company's principal creditor has given

assurances that he will not seek repayment of his loan unless the company is financially able to afford it.

Turnover

The company's turnover represents sales from its café, fees and subscriptions. The company is not vat registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Landlord property improvements

-

10% on cost

Plant and machinery

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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.In light of the small amount involved no provision has been made in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Landlord

property

Plant and

Computer

improvements

machinery

equipment

Totals

£

£

£

£

COST

At 1 August 2017

109,743

10,426

415

120,584

Additions

-

4,871

150

5,021

At 31 December 2018

109,743

15,297

565

125,605

DEPRECIATION

At 1 August 2017

49,980

3,143

138

53,261

Charge for period

10,974

1,530

188

12,692

At 31 December 2018

60,954

4,673

326

65,953

NET BOOK VALUE

At 31 December 2018

48,789

10,624

239

59,652

At 31 July 2017

59,763

7,283

277

67,323

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.7.17

£

£

Trade debtors

-

555

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.7.17

£

£

Social security and other taxes

185

97

Directors' current accounts

8,491

17,101

8,676

17,198

7.	RELATED PARTY DISCLOSURES

The company occupies premises owned by Mr M Hammond, a director of the company on a rent free basis.

At the year end date the company owed Mr Hammond £8,491, (2017,£17,101).

Mr Hammond has indicated that he will not seek repayment of this loan unless the company's finances permit.

8.	LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.