N B T Offices Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07304168 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

N B T OFFICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

P W H Wild

M Pearson

REGISTERED OFFICE:

12 Jordan Street

Liverpool

L1 0BP

REGISTERED NUMBER:

07304168 (England and Wales)

ACCOUNTANTS:

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

FIXED ASSETS

Tangible assets

4

2,839,386

2,177,672

CURRENT ASSETS

Debtors

5

40,195

17,922

Cash at bank and in hand

2,206

4,759

42,401

22,681

CREDITORS

Amounts falling due within one year

6

217,739

2,111,362

NET CURRENT LIABILITIES

(175,338

)

(2,088,681

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,664,048

88,991

CREDITORS

Amounts falling due after more than one year

7

2,486,044

-

NET ASSETS

178,004

88,991

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

177,904

88,891

SHAREHOLDERS' FUNDS

178,004

88,991

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 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 27 September 2019 and were signed on its behalf by:

P W H Wild - Director

1.	STATUTORY INFORMATION

N B T Offices Ltd 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.

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 reducing balance

As the investment properties fair value cannot be measured reliably and without due cost or effort the

investment properties are accounted for as property.

The properties are an appreciating asset and therefore no depreciation has been charged.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2018

2,154,254

25,450

2,179,704

Additions

648,840

28,374

677,214

At 31 December 2018

2,803,094

53,824

2,856,918

DEPRECIATION

At 1 January 2018

-

2,032

2,032

Charge for year

-

15,500

15,500

At 31 December 2018

-

17,532

17,532

NET BOOK VALUE

At 31 December 2018

2,803,094

36,292

2,839,386

At 31 December 2017

2,154,254

23,418

2,177,672

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

26,436

4,778

Other debtors

13,759

13,144

40,195

17,922

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

-

888,745

Trade creditors

32,198

20,746

Taxation and social security

862

320

Other creditors

184,679

1,201,551

217,739

2,111,362

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans

2,155,375

-

Other creditors

330,669

-

2,486,044

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Bank loans

2,155,375

888,745

Other loans

100,000

891,299

2,255,375

1,780,044

The bank loan and other loan are secured by charges over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2018

88,891

Profit for the year

89,013

At 31 December 2018

177,904

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in long term other creditors as at 31 December 2018 are amounts of £101,229 and £229,439

(2017 £16,229 and £225,782) owing to P Wild and M Pearson respectively, the directors of the

company.

12.	ULTIMATE CONTROLLING PARTY

Both M Pearson and P V Wild Holdings UK Limited each own 50% of the company's issued share

capital.

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Directors are not required to be filed with the

Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of N B T Offices Ltd for the year ended 31 December 2018 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of N B T Offices Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N B T Offices Ltd and state those matters that we have agreed to state to the Board of Directors of N B T Offices Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N B T Offices Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N B T Offices Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N B T Offices Ltd. You consider that N B T Offices Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N B T Offices Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

LBW Chartered Accountants

Enterprise House

The Courtyard

Old Courthouse Road

Bromborough

Merseyside

CH62 4UE

Date: .............................................