Cairds Property Services Limited - Period Ending 2018-12-31
Cairds Property Services Limited - Period Ending 2018-12-31
Registration number:
Cairds Property Services Limited
for the Year Ended 31 December 2018
Chartered Accountants
Maria House
35 Millers Road
Brighton
BN1 5NP
Cairds Property Services Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Cairds Property Services Limited
Company Information
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Directors |
A R Caird E Caird S Caird |
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Registered office |
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Accountants |
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Page 1 |
Cairds Property Services Limited
(Registration number: 09115083)
Balance Sheet as at 31 December 2018
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Note |
2018 |
2017 |
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Fixed assets |
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Investment property |
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Other financial assets |
125,993 |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Other reserves |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Page 2 |
Cairds Property Services Limited
(Registration number: 09115083)
Balance Sheet as at 31 December 2018
Approved and authorised by the
.........................................
S Caird
Director
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Page 3 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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Page 4 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
Investment property
Non-distributable reserve
The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.
On disposal of investment property the aggregate fair value adjustment is transferred back to profit and loss reserves and the deferred tax provision is transferred to current tax liabilities.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Page 5 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 January 2018 |
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At 31 December 2018 |
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Depreciation |
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At 1 January 2018 |
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At 31 December 2018 |
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Carrying amount |
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At 31 December 2018 |
- |
- |
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Investment properties |
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2018 |
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At 1 January |
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Other financial assets (current and non-current) |
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Financial assets at amortised cost |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 January 2018 |
125,993 |
125,993 |
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At 31 December 2018 |
125,993 |
125,993 |
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Impairment |
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Carrying amount |
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At 31 December 2018 |
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125,993 |
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Page 6 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Debtors |
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Note |
2018 |
2017 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
- |
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Other debtors |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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12 |
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12 |
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4 |
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4 |
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184 |
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184 |
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Page 7 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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Creditors |
Creditors: amounts falling due within one year
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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- |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2018 |
2017 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
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2018 |
2017 |
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Non-current loans and borrowings |
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Bank borrowings |
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Dividends |
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2018 |
2017 |
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£ |
£ |
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Interim dividend of £ |
275,000 |
100,000 |
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Related party transactions |
Summary of transactions with subsidiaries
Loans to related parties
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Page 8 |
Cairds Property Services Limited
Notes to the Financial Statements for the Year Ended 31 December 2018
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2018 |
Subsidiary |
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At start of period |
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Advanced |
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At end of period |
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2017 |
Subsidiary |
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At start of period |
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Repaid |
( |
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At end of period |
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Page 9 |