Clevedon Storage Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09157199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

CLEVEDON STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N K Hobden

S D Hobden

SECRETARY:

W E Hobden

REGISTERED OFFICE:

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

REGISTERED NUMBER:

09157199 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Investments

4

-

300,000

Investment property

5

290,000

-

290,000

300,000

CURRENT ASSETS

Cash at bank

53,508

30,413

CREDITORS

Amounts falling due within one year

6

312,916

312,667

NET CURRENT LIABILITIES

(259,408

)

(282,254

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,592

17,746

PROVISIONS FOR LIABILITIES

1,228

-

NET ASSETS

29,364

17,746

CAPITAL AND RESERVES

Called up share capital

7

100

100

Revaluation reserve

8

-

13,951

Retained earnings

8

29,264

3,695

SHAREHOLDERS' FUNDS

29,364

17,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 11 January 2020 and were signed on its behalf by:

N K Hobden - Director

1.	STATUTORY INFORMATION

Clevedon Storage 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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 - 3 ).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 May 2018

300,000

Reclassification/transfer

(300,000

)

At 30 April 2019

-

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

300,000

Cost or valuation at 30 April 2019 is represented by:

Other

investments

£

Valuation in 2018

300,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

(10,000

)

Reclassification/transfer

300,000

At 30 April 2019

290,000

NET BOOK VALUE

At 30 April 2019

290,000

Fair value at 30 April 2019 is represented by:

£

Valuation in 2018

17,224

Valuation in 2019

(10,000

)

Cost

282,776

290,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Taxation and social security

5,537

5,352

Other creditors

307,379

307,315

312,916

312,667

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

35

Ordinary A

£1

35

35

30

Ordinary B

£1

30

30

35

Ordinary C

£1

35

35

100

100

8.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2018

3,695

13,951

17,646

Profit for the year

11,618

11,618

Transfer

13,951

(13,951

)

-

At 30 April 2019

29,264

-

29,264

9.	RELATED PARTY DISCLOSURES

At the year end £301,667 (2018: £301,654) was owed to Hobden & Son Limited, an

associated company.

The directors maintain interest free loan accounts with the company. At the balance sheet

date the company owed £821 to its directors (2018:£821).

10.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.