Accounts Submission

Accounts Submission

NORTH CORNER LEWES LIMITED - Company Information

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NORTH CORNER LEWES LIMITED

Company Registration Number:
10029252 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

Page 1

NORTH CORNER LEWES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

Page 2

NORTH CORNER LEWES LIMITED

Company Information

for the Period Ended 31 August 2019




Director: Martin Reed
Kelly Leaney
Registered office: North Corner Care Home
Prince Edwards Road
Lewes
England
BN7 1BJ
Company Registration Number: 10029252 (England and Wales)

Page 3

NORTH CORNER LEWES LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
£
2018
£
Fixed assets
Intangible assets: 4 0 5,312
Tangible assets: 5 8,157 10,875
Total fixed assets: 8,157 16,187
Current assets
Debtors: 16,825 3,825
Cash at bank and in hand: 24,145 13,630
Total current assets: 40,970 17,455
Creditors: amounts falling due within one year: ( 55,999 ) ( 24,127 )
Net current assets (liabilities): ( 15,029 ) ( 6,672 )
Total assets less current liabilities: ( 6,872 ) 9,515
Creditors: amounts falling due after more than one year: ( 4,020 ) ( 6,030 )
Total net assets (liabilities): ( 10,892 ) 3,485

The notes form part of these financial statements

Page 4

NORTH CORNER LEWES LIMITED

Balance sheet continued

As at 31 August 2019


Notes
2019
£
2018
£
Capital and reserves
Called up share capital: 200 2
Profit and loss account: ( 11,092 ) 3,483
Shareholders funds: ( 10,892 ) 3,485

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2019
And Signed On Behalf Of The Board By:

Name: Kelly Leaney
Status: Director

The notes form part of these financial statements

Page 5

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised as it becomes due on an over time basis.

    Tangible fixed assets depreciation policy

    Fixed assets are depreciated on a 25% reducing balance basis.

    Intangible fixed assets amortisation policy

    Goddwill is ammortised on a 50% straight line basis.

Page 6

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Dividends


2019
£
2018
£
Dividends paid 82,840 7,000

Page 7

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 3. Employees


    2019
    2018
    Average number of employees during the period 12 12

Page 8

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 4. Intangible assets

    Total
    Cost £
    At 01 September 2018 48,363
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 August 2019 48,363
    Amortisation
    Amortisation at 01 September 2018 43,051
    Charge for year 5,312
    On disposals -
    Other adjustments -
    Amortisation at 31 August 2019 48,363
    Net book value
    Net book value at 31 August 2019 0
    Net book value at 31 August 2018 5,312

Page 9

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Tangible Assets

Total
Cost £
At 01 September 2018 15,372
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2019 15,372
Depreciation
At 01 September 2018 4,497
Charge for year 2,718
On disposals -
Other adjustments -
At 31 August 2019 7,215
Net book value
At 31 August 2019 8,157
At 31 August 2018 10,875

Page 10

NORTH CORNER LEWES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6.1.Related party disclosures

Name of related party: Mr M Reed
Description of relationship:
Director
Description of the transaction:
The company gave/received an interest free loan to/from the director throughout the year.
Balance at 01 September 2018 127
Balance at 31 August 2019 16,825

Page 11