Conroy Brook (Developments) Limited - Accounts to registrar (filleted) - small 18.2
Conroy Brook (Developments) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 April 2019 |
| for |
| Conroy Brook (Developments) Limited |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Contents of the Financial Statements |
| for the Year Ended 30 April 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| Conroy Brook (Developments) Limited |
| Company Information |
| for the Year Ended 30 April 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Marland House |
| 13 Huddersfield Road |
| Barnsley |
| South Yorkshire |
| S70 2LW |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Balance Sheet |
| 30 April 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Balance Sheet - continued |
| 30 April 2019 |
| 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 behalf by: |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Notes to the Financial Statements |
| for the Year Ended 30 April 2019 |
| 1. | STATUTORY INFORMATION |
| Conroy Brook (Developments) Limited is a |
| and Wales. The company's registered number and registered office address can be found on the |
| Company Information page. |
| The presentation and functional currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard |
| Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial |
| statements have been prepared on a going concern basis under the historical cost convention. |
| Significant judgements and estimates |
| The principal accounting policies and significant judgements and estimates applied in the preparation |
| of these financial statements are set out below. These policies, judgements and estimates have been |
| consistently applied to all years presented unless otherwise stated. |
| Turnover and profit recognition |
| Contracting turnover comprises the value of work executed during the year. Other turnover represents |
| amounts earned on goods and services supplied during the year including property sales completed. |
| Operating profit comprises the results of contracting and property development. It includes the results |
| attributable to contracts completed and long-term contracts in progress where a profitable outcome |
| can be predictably foreseen, after deducting amounts recognised in previous years and after making |
| provision for foreseeable losses. Profit is taken on property sales when legal completion has taken |
| place. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| All fixed assets are initially recorded at cost. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
| 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. |
| Long term contracts |
| Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales |
| value of work done after provisions for contingencies and anticipated future losses on contracts, less |
| amounts received as progress payments on account. Excess progress payments are included in |
| creditors received on account. |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and | Motor |
| leasehold | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 May 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2019 |
| DEPRECIATION |
| At 1 May 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2019 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 May 2018 |
| and 30 April 2019 |
| PROVISIONS |
| At 1 May 2018 |
| and 30 April 2019 | 151,000 |
| NET BOOK VALUE |
| At 30 April 2019 |
| At 30 April 2018 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| Other creditors | - | 1,069,000 |
| The bank loans are secured by a charge over the shares of the company, its parent company and |
| certain other group companies. |
| Conroy Brook (Developments) Limited (Registered number: 03181264) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 April 2019 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary A | £1 | 410 | 410 |
| Ordinary B | £1 | 245 | 245 |
| Ordinary C | £1 | 245 | 245 |
| Ordinary D | £1 | 100 | 100 |
| 1,000 | 1,000 |
| 11. | CONTINGENT LIABILITIES |
| The company's shares are pledged as security by a cross guarantee against the bank borrowings of its |
| parent company and certain other group companies. |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following interest free advances and credits to a director subsisted during the years ended |
| 30 April 2019 and 30 April 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Conroy Brook Holdings Limited, a company registered in England and |
| Wales. |