Accounts filed on 30-06-2019


ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2019





DIRECTORS
Mr JH Jackson



SECRETARY
Miss N Claydon


REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02799224


ACCOUNTS
FOR THEYEARENDED30 JUNE 2019



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 June 2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Tangible assets	2		-		1,358,223

CURRENT ASSETS
Debtors	4	656,750		15,084
Cash at bank and in hand		38,727		15,345
		695,477		30,429
CREDITORS: Amounts falling due within one year	5	43,688		27,542
NET CURRENT ASSETS			651,789		2,887
TOTAL ASSETS LESS CURRENT LIABILITIES			651,789		1,361,110


CREDITORS: Amounts falling due after more than one year	6		-		700,000

NET ASSETS			651,789		661,110

CAPITAL AND RESERVES

Called up share capital	8		85,500		85,500
Share premium account	9		4,582		4,582
Profit and loss account			561,707		571,028
SHAREHOLDERS' FUNDS			651,789		661,110

For the year ending 30 June 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 30 October 2019 and signed on their behalf by



.............................
Mr JH Jackson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%




1c. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.




3. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 1 July 2018	1,356,750	1,356,750
Disposals	(1,356,750)	(1,356,750)
At 30 June 2019	-	-
The company's properties were sold in the year ended 30th June 2019.
The investment properties were valued at 30th June 2018 at their sale price net of estimated costs of sale. There is a loss arising on their disposal of £8013.




4. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Other debtors	656,750	-
Prepayments	-	3,380
Accrued income	-	11,704
	656,750	15,084




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
UK corporation tax	29,167	6,905
Trade creditors	1,800	1,200
Other creditors	12,609	12,609
Accruals	112	6,828
	43,688	27,542




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Bank loans (secured) >1yr	-	700,000
	-	700,000




8. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
36000 Equity Ordinary shares of £0.90 each	32400	32400
59000 Non-Equity Preference shares of £0.90 each	53100	53100
	85,500	85,500


In a winding up or other return of capital, the preference shares have priority to any other class of shares in so far as the payment for any arrears of preference dividends and an amount equal to the nominal value of each preference share, together with a premium of 76 pence per preference share.