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

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

COMBESGATE LIMITED - Company Information

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REGISTERED NUMBER: 07461327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

COMBESGATE LIMITED
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMBESGATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTORS: T G Roberts
P J Roberts





REGISTERED OFFICE: Building B, MCI Business Centre,
4-5 Newtown Industrial Estate
Cross Keys
Newport
NP11 7PZ





REGISTERED NUMBER: 07461327 (England and Wales)





ACCOUNTANTS: DAVID WRIGHT ACCOUNTANTS LIMITED
1st Floor..
Nathaniel House
David Street
Bridgend
South Wales
CF31 3SA
Page 1
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

BALANCE SHEET
31 DECEMBER 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - 1,792
Investments 4 9,969 9,969
Investment property 5 3,000,133 3,000,133
3,010,102 3,011,894

CURRENT ASSETS
Debtors 6 65,977 160,555
Cash at bank 560,471 498,399
626,448 658,954
CREDITORS
Amounts falling due within one year 7 95,284 82,582
NET CURRENT ASSETS 531,164 576,372
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,541,266
3,588,266

CAPITAL AND RESERVES
Called up share capital 4,277 4,277
Other reserves 2,508,498 2,508,498
Retained earnings 1,028,491 1,075,491
3,541,266 3,588,266

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

The members have not required the company to obtain an audit of its financial statements for the year 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 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 notes form part of these financial statements

Page 2 continued...
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

BALANCE SHEET - continued
31 DECEMBER 2018


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 4 September 2019 and were signed on its behalf
by:





P J Roberts - Director


The notes form part of these financial statements

Page 3
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018


1. STATUTORY INFORMATION

Combesgate 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.

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 - 33% on cost

The directors are of the opinion that the value of the investment property is not materially misstated at the
balance sheet date.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

Page 4 continued...
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2018
and 31 December 2018 7,734
DEPRECIATION
At 1 January 2018 5,942
Charge for year 1,792
At 31 December 2018 7,734
NET BOOK VALUE
At 31 December 2018 -
At 31 December 2017 1,792

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2018
and 31 December 2018 9,969
NET BOOK VALUE
At 31 December 2018 9,969
At 31 December 2017 9,969

The company owns 100% of the issued share capital of MCI Logistics Limited, a company incorporated in
England and Wales.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 3,000,133
NET BOOK VALUE
At 31 December 2018 3,000,133
At 31 December 2017 3,000,133

The directors are of the opinion that the value of the investment property is not materially misstated at the
balance sheet date.

Page 5 continued...
COMBESGATE LIMITED (REGISTERED NUMBER: 07461327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 45,817 42,862
Amounts owed by group undertakings - 98,915
Other debtors 20,160 18,778
65,977 160,555

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors (1 ) (1 )
Amounts owed to group undertakings 20,915 -
Taxation and social security 43,347 45,084
Other creditors 31,023 37,499
95,284 82,582

Page 6