Walton Intwood Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05318180 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st March 2019

for

Walton Intwood Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M H Wood

Mrs C W Wood

SECRETARY:

M H Wood

REGISTERED OFFICE:

Walton House

Wendling Road

Longham

Dereham

Norfolk

NR19 2RD

REGISTERED NUMBER:

05318180 (England and Wales)

ACCOUNTANTS:

Aston Shaw Limited

11 King Street

King's Lynn

Norfolk

PE30 1ET

FIXED ASSETS

Investment property

3

500,000

500,000

CREDITORS

Amounts falling due within one year

4

32,029

27,549

NET CURRENT LIABILITIES

(32,029

)

(27,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

467,971

472,451

CREDITORS

Amounts falling due after more than one year

5

(332,493

)

(353,621

)

PROVISIONS FOR LIABILITIES

6

(11,400

)

(11,400

)

NET ASSETS

124,078

107,430

CAPITAL AND RESERVES

Called up share capital

502

502

Retained earnings

7

123,576

106,928

SHAREHOLDERS' FUNDS

124,078

107,430

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 16th December 2019 and were signed on its behalf by:

M H Wood - Director

1.	STATUTORY INFORMATION

Walton Intwood 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.

Depreciation

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.

The investment property has not been depreciated and is subject to periodic revaluations in accordance with FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained

Earnings, 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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2018

and 31st March 2019

500,000

NET BOOK VALUE

At 31st March 2019

500,000

At 31st March 2018

500,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/19

31/3/18

£

£

Trade creditors

28,124

22,892

Tax

3,905

4,657

32,029

27,549

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/19

31/3/18

£

£

Directors loan account

332,493

353,621

6.	PROVISIONS FOR LIABILITIES

31/3/19

31/3/18

£

£

Deferred tax

11,400

11,400

Deferred

tax

£

Balance at 1st April 2018

11,400

Balance at 31st March 2019

11,400

7.

RESERVES

Retained

earnings

£

At 1st April 2018

106,928

Profit for the year

16,648

At 31st March 2019

123,576

The undistributable profits at 31 March 2018 amount to £60,000 (2017 - £60,000).