The Dales Management Company Limited - Accounts to registrar (filleted) - small 18.2
The Dales Management Company Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 February 2019 |
for |
The Dales Management Company Limited |
The Dales Management Company Limited (Registered number: 06512136) |
Contents of the Financial Statements |
for the Year Ended 28 February 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
The Dales Management Company Limited |
Company Information |
for the Year Ended 28 February 2019 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
116 Duke Street |
Liverpool |
Merseyside |
L1 5JW |
The Dales Management Company Limited (Registered number: 06512136) |
Balance Sheet |
28 February 2019 |
28.2.19 | 28.2.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
The Dales Management Company Limited (Registered number: 06512136) |
Notes to the Financial Statements |
for the Year Ended 28 February 2019 |
1. | STATUTORY INFORMATION |
The Dales Management Company Limited is a |
Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the current liability position of the company it os still considered a going concern due to ongoing |
continued support from the director. |
Significant judgements and estimates |
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts |
recognised in the financial statements. |
Turnover |
Turnover is derived from ordinary activities and represents rental income, exclusive of value added tax and is |
recognised in the accounts as the service is provided. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, |
and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand) and trade creditors are measured at the |
undiscounted amount of the cash or other consideration expected to be paid or received. |
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. |
The Dales Management Company Limited (Registered number: 06512136) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 March 2018 |
Additions |
At 28 February 2019 |
DEPRECIATION |
At 1 March 2018 |
Charge for year |
At 28 February 2019 |
NET BOOK VALUE |
At 28 February 2019 |
At 28 February 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.19 | 28.2.18 |
£ | £ |
Amounts owed by associates |
Other debtors |
The Dales Management Company Limited (Registered number: 06512136) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.19 | 28.2.18 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to associates | 18,100 | - |
Other creditors |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
Included in creditors is £281,861 (2018: £239,355) due to the director Mr J A Youds which is interest free and |
repayable on demand. |
8. | RELATED PARTY DISCLOSURES |
Included in creditors is £18,100 (2018: Nil) due to a company which is under common control with The Dales |
Management Company Limited. |
Included in debtors is £1,700 due from companies also under common control with The Dales Management |
Company Limited. |
All of the above are interest free and repayable on demand. |