PONTCANNA COURT LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01467654 (England and Wales)

PONTCANNA COURT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R E PARRY

T E Crowther

K J O'HARA

Dr R M Venn

SECRETARY:

T E Crowther

REGISTERED OFFICE:

Pontcanna Court

Cardiff Road

Llandaff

Cardiff

CF5 2AS

REGISTERED NUMBER:

01467654 (England and Wales)

FIXED ASSETS

Tangible assets

3

1,803

1,882

CURRENT ASSETS

Debtors

4

140

140

Cash at bank and in hand

5,040

9,199

5,180

9,339

CREDITORS

Amounts falling due within one year

5

621

578

NET CURRENT ASSETS

4,559

8,761

TOTAL ASSETS LESS CURRENT LIABILITIES

6,362

10,643

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

6,242

10,523

SHAREHOLDERS' FUNDS

6,362

10,643

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 by the Board of Directors on 18 December 2019 and were signed on its behalf by:

Dr R M Venn - Director

1.	STATUTORY INFORMATION

PONTCANNA COURT 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 ground rents, service and insurance charges excluding valued added tax, made in respect of

the management and administration of flats.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be

reliable estimated.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administration expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2018

and 31 March 2019

3,934

DEPRECIATION

At 1 April 2018

2,052

Charge for year

79

At 31 March 2019

2,131

NET BOOK VALUE

At 31 March 2019

1,803

At 31 March 2018

1,882

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

140

140

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Accrued Expenses

621

578

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in turnover are amounts received totalling £777 (2018 - £798) from director Ms RE Parry and £720

(2018 - £781) from Mrs T Crowther, the wife of Mr T Crowther, director of the company. This represents their

contribution towards the service charge and insurance of the flats.