Ewerby Thorpe Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09724660 (England and Wales)

EWERBY THORPE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

W G B Howe

Mrs V L Howe

REGISTERED OFFICE:

Ewerby Thorpe Farm

Ewerby Thorpe

Sleaford

Lincolnshire

NG34 9PR

REGISTERED NUMBER:

09724660 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

3

101,382

-

Investments

4

8,040

8,040

Investment property

5

307,580

307,322

417,002

315,362

CURRENT ASSETS

Debtors

6

7,397

-

Cash at bank

95,436

128,234

102,833

128,234

CREDITORS

Amounts falling due within one year

7

260,752

238,114

NET CURRENT LIABILITIES

(157,919

)

(109,880

)

TOTAL ASSETS LESS CURRENT LIABILITIES

259,083

205,482

PROVISIONS FOR LIABILITIES

753

-

NET ASSETS

258,330

205,482

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

258,230

205,382

SHAREHOLDERS' FUNDS

258,330

205,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on 29 November 2019 and were signed on its behalf by:

Mrs V L Howe - Director

1.	STATUTORY INFORMATION

Ewerby Thorpe Properties Limited 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.

Turnover

Turnover represents rents received from the company's properties and caravans. Revenue is recognised in the period for

which the rents received relate to.

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

-

Straight line over 20 years and Straight line over 10 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value

is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of

financial position 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

107,422

At 31 March 2019

107,422

DEPRECIATION

Charge for year

6,040

At 31 March 2019

6,040

NET BOOK VALUE

At 31 March 2019

101,382

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

8,040

NET BOOK VALUE

At 31 March 2019

8,040

At 31 March 2018

8,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

307,322

Additions

258

At 31 March 2019

307,580

NET BOOK VALUE

At 31 March 2019

307,580

At 31 March 2018

307,322

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

7,397

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

-

2,157

Other creditors

260,752

235,957

260,752

238,114

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary shares

£1

100

100