Greystoke (Skipton Road) Limited 31/03/2019 iXBRL

Greystoke (Skipton Road) Limited 31/03/2019 iXBRL

GREYSTOKE (SKIPTON ROAD) LIMITED - Company Information

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31/03/2019 2019-03-31 false false false false false false false false false true true false false true false false false false false false false false No description of principal activities is disclosed 2018-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 07200555 2018-04-01 2019-03-31 07200555 2019-03-31 07200555 2018-03-31 07200555 bus:RegisteredOffice 2018-04-01 2019-03-31 07200555 bus:LeadAgentIfApplicable 2018-04-01 2019-03-31 07200555 bus:Director1 2018-04-01 2019-03-31 07200555 bus:Director2 2018-04-01 2019-03-31 07200555 bus:Director3 2018-04-01 2019-03-31 07200555 bus:CompanySecretary1 2018-04-01 2019-03-31 07200555 core:LandBuildings core:OwnedOrFreeholdAssets 2019-03-31 07200555 core:WithinOneYear 2019-03-31 07200555 core:WithinOneYear 2018-03-31 07200555 core:ShareCapital 2019-03-31 07200555 core:ShareCapital 2018-03-31 07200555 core:LandBuildings core:OwnedOrFreeholdAssets 2018-03-31 07200555 bus:SmallEntities 2018-04-01 2019-03-31 07200555 bus:AuditExempt-NoAccountantsReport 2018-04-01 2019-03-31 07200555 bus:FullAccounts 2018-04-01 2019-03-31 07200555 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 07200555 bus:EntityHasNeverTraded 2018-04-01 2019-03-31 07200555 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 07200555 core:LandBuildings core:OwnedOrFreeholdAssets 2018-04-01 2019-03-31 07200555 core:EntitiesControlledByKeyManagementPersonnel 2018-04-01 2019-03-31 07200555 core:EntitiesControlledByKeyManagementPersonnel 2019-03-31
Company registration number: 07200555
Greystoke (Skipton Road) Limited
Unaudited filleted financial statements
31 March 2019
Greystoke (Skipton Road) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Greystoke (Skipton Road) Limited
Directors and other information
Directors Mrs B A Schaer
Mr O Schaer
Mrs P Schaer
Secretary Mr S Schaer
Company number 07200555
Registered office 12 Goffa Mill
Gargrave
Skipton
North Yorkshire
BD23 3NG
Accountants Windle & Bowker Limited
Croft House
Station Road
Barnoldswick
Lancashire
BB18 5NA
Greystoke (Skipton Road) Limited
Statement of financial position
31 March 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 4 200,000 200,000
_______ _______
200,000 200,000
Creditors: amounts falling due
within one year 5 ( 199,999) ( 199,999)
_______ _______
Net current liabilities ( 199,999) ( 199,999)
_______ _______
Total assets less current liabilities 1 1
_______ _______
Net assets 1 1
_______ _______
Capital and reserves
Called up share capital 1 1
_______ _______
Shareholder funds 1 1
_______ _______
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 November 2019 , and are signed on behalf of the board by:
Mrs B A Schaer
Director
Company registration number: 07200555
Greystoke (Skipton Road) Limited
Notes to the financial statements
Year ended 31 March 2019
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 12 Goffa Mill, Gargrave, Skipton, North Yorkshire, BD23 3NG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property - 0 %
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4. Tangible assets
Freehold property Total
£ £
Cost
At 1 April 2018 and 31 March 2019 200,000 200,000
_______ _______
Depreciation
At 1 April 2018 and 31 March 2019 - -
_______ _______
Carrying amount
At 31 March 2019 200,000 200,000
_______ _______
At 31 March 2018 200,000 200,000
_______ _______
5. Creditors: amounts falling due within one year
2019 2018
£ £
Other creditors 199,999 199,999
_______ _______
6. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2019 2018 2019 2018
£ £ £ £
Mrs B A Schaer - - ( 199,999) ( 199,999)
_______ _______ _______ _______
Mrs B A Schaer , one of the Directors, provided an interest free loan to the company. The balance due to her at the year end, included in creditors falling due within one year, amounted to £199,999 (2018: £199,999).