Llysdulas Estate Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00541059 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JANUARY 2018 TO 31ST MARCH 2019

FOR

LLYSDULAS ESTATE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mrs E J Pickering

Mr J A Pickering

Mrs C J Pickering

SECRETARY:

Mrs E J Pickering

REGISTERED OFFICE:

The Administration Centre

Llys Dulas Estate

Dulas

Amlwch

Anglesey

LL70 9LX

REGISTERED NUMBER:

00541059 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

4,107,534

4,196,217

Investments

5

532

532

4,108,066

4,196,749

CURRENT ASSETS

Stocks

697,934

179,717

Debtors

6

8,473,145

1,385,721

Cash at bank

99,513

176,596

9,270,592

1,742,034

CREDITORS

Amounts falling due within one year

7

12,596,417

5,190,421

NET CURRENT LIABILITIES

(3,325,825

)

(3,448,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

782,241

748,362

CAPITAL AND RESERVES

Called up share capital

8

150,000

150,000

Retained earnings

632,241

598,362

SHAREHOLDERS' FUNDS

782,241

748,362

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

The members have not required the company to obtain an audit of its financial statements for the period 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 19th December 2019 and were signed on its behalf by:

Mr J A Pickering - Director

1.	STATUTORY INFORMATION

Llysdulas Estate Company 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Land and buildings

-

Straight line over 200 years and over the period of the lease

Plant and machinery etc

-

25% on reducing balance, Straight line over 10 years and Straight line over 7 years

Freehold land is not depreciated as it has an unlimited life.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2018

4,205,571

1,302,752

5,508,323

Additions

-

74,081

74,081

At 31st March 2019

4,205,571

1,376,833

5,582,404

DEPRECIATION

At 1st January 2018

418,446

893,660

1,312,106

Charge for period

48,810

113,954

162,764

At 31st March 2019

467,256

1,007,614

1,474,870

NET BOOK VALUE

At 31st March 2019

3,738,315

369,219

4,107,534

At 31st December 2017

3,787,125

409,092

4,196,217

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2018

and 31st March 2019

532

NET BOOK VALUE

At 31st March 2019

532

At 31st December 2017

532

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Trade debtors

934,334

19,716

Other debtors

7,538,811

1,366,005

8,473,145

1,385,721

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2017

£

£

Trade creditors

108,435

34,660

Taxation and social security

20,791

82,236

Other creditors

12,467,191

5,073,525

12,596,417

5,190,421

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2017

value:

£

£

150,000

Ordinary

£1

150,000

150,000