Neilson Properties Limited - Accounts to registrar (filleted) - small 18.2
Neilson Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| NEILSON PROPERTIES LIMITED |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2019 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| NEILSON PROPERTIES LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| and Statutory Auditors |
| Lygon House |
| 50 London Road |
| Bromley |
| Kent |
| BR1 3RA |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| BALANCE SHEET |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Neilson Properties Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Significant judgements and estimates |
| The preparation of the financial statements requires management to make judgements, estimates and |
| assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the |
| amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual |
| outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a |
| material adjustment to the carrying amounts of assets and liabilities within the next financial period. |
| Going concern |
| It is the directors' opinion that the company is a going concern for the foreseeable future. Although the balance sheet shows |
| negative assets, the company will continue to be supported by the parent companies for a period exceeding 12 months from |
| the date of approval of these financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| 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 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. |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured |
| initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the |
| effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are |
| shown within borrowings in current liabilities. |
| Creditors |
| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are |
| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective |
| interest method. |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2018 |
| and 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 4. | INVESTMENT PROPERTY - continued |
| Investment property was valued on an open market basis on 6 June 2016 by Strutt & Parker LLP. The directors do not |
| consider that there has been any significant material movement in valuation since that date except for additions incurred |
| during the year.. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors | ( |
) |
| Other debtors |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a guarantee from Mr L S Neilson. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the auditors was unqualified. |
| for and on behalf of |
| NEILSON PROPERTIES LIMITED (REGISTERED NUMBER: 04386142) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company's ultimate parent undertaking at the balance sheet date was Neilson Estates Limited, a company incorporated in England and Wales. Neilson Estates Limited is controlled by Mr L S Neilson. |