Charmouth Beach Car Park Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04752006 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2019

FOR

CHARMOUTH BEACH CAR PARK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R W J Vincent

J W Vincent

SECRETARY:

J W Vincent

REGISTERED OFFICE:

St John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

04752006 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Tangible assets

4

7,420

-

CURRENT ASSETS

Debtors

5

25,658

-

Prepayments and accrued income

8

8

Cash at bank

143,746

217,377

169,412

217,385

CREDITORS

Amounts falling due within one year

6

4,316

21,209

NET CURRENT ASSETS

165,096

196,176

TOTAL ASSETS LESS CURRENT LIABILITIES

172,516

196,176

PROVISIONS FOR LIABILITIES

7

1,410

-

NET ASSETS

171,106

196,176

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

171,006

196,076

SHAREHOLDERS' FUNDS

171,106

196,176

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 22 January 2020 and were signed on its behalf by:

R W J Vincent - Director

1.	STATUTORY INFORMATION

Charmouth Beach Car Park Ltd 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 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

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

Plant and machinery etc

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company makes defined contributions to pension schemes for the directors. Contributions payable by the company to

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

8,730

At 30 April 2019

8,730

DEPRECIATION

Charge for year

1,310

At 30 April 2019

1,310

NET BOOK VALUE

At 30 April 2019

7,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

24,320

-

Other debtors

1,338

-

25,658

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

4,316

4,344

Taxation and social security

-

4,554

Other creditors

-

12,311

4,316

21,209

7.	PROVISIONS FOR LIABILITIES

30.4.19

30.4.18

£

£

Deferred tax

1,410

-

Deferred

tax

£

Provided during year

1,410

Balance at 30 April 2019

1,410

8.

RESERVES

Retained

earnings

£

At 1 May 2018

196,076

Deficit for the year

(900

)

Dividends

(24,170

)

At 30 April 2019

171,006

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The car park is owned by R W J Vincent the director. The car park is now operated by the partnership trading as Beach Car

Park Charmouth of which the company and the director are partners. The director's partner Ms V K Argyle and the

director's son J W Vincent are also partners. All transactions with the partnership are carried out on a commercial basis.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,170 (2018 - £3,920) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY