Campbell Property Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06307601 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

CAMPBELL PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Campbell

REGISTERED OFFICE:

431a Cronton Road

Cronton

Widnes

Cheshire

WA8 5QG

REGISTERED NUMBER:

06307601 (England and Wales)

ACCOUNTANTS:

C A Hunter Limited

Britannia Chambers

26 George Street

St Helens

Merseyside

WA10 1BZ

FIXED ASSETS

Investment property

4

560,000

479,231

CURRENT ASSETS

Debtors

5

311

856

Cash at bank

6,038

1,646

6,349

2,502

CREDITORS

Amounts falling due within one year

6

107,608

115,137

NET CURRENT LIABILITIES

(101,259

)

(112,635

)

TOTAL ASSETS LESS CURRENT LIABILITIES

458,741

366,596

CREDITORS

Amounts falling due after more than one year

7

388,381

388,388

NET ASSETS/(LIABILITIES)

70,360

(21,792

)

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

9

80,769

-

Retained earnings

9

(10,509

)

(21,892

)

SHAREHOLDERS' FUNDS

70,360

(21,792

)

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 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.

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 by the director on 12 December 2019 and were signed by:

D M Campbell - Director

1.	STATUTORY INFORMATION

Campbell Property Developments 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income received, excluding value added tax.

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 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 1 ).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

479,231

Revaluations

80,769

At 31 March 2019

560,000

NET BOOK VALUE

At 31 March 2019

560,000

At 31 March 2018

479,231

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

560,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.19

31.3.18

£

£

Cost

479,231

-

Investment property was valued on an open market basis on 31 March 2019 by the director . .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Other debtors

311

856

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

25

114

Other creditors

107,583

115,023

107,608

115,137

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans

388,381

388,388

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

31.3.18

£

£

Bank loans

388,381

388,388

Mortgages with Shawbrook Bank are secured on properties at Chapel Lane Cronton and Victoria Road Widnes.

9.

RESERVES

Investment property has been revalued by the director at its fair value as at the 31st March 2019 Balance Sheet

date .The uplift in value of £80,769 has been credited to Other Reserves and is non distributable.