WORTON COURT LTD,Ltd - AccountsLtd - Accounts

WORTON COURT LTD,Ltd - AccountsLtd - Accounts

WORTON COURT LTD - Company Information

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2018-07-01 10918072 2019-06-30 10918072 2018-07-01 2019-06-30 10918072 2018-06-30 10918072 2017-08-16 2018-06-30 10918072 uk-core:WithinOneYear 2018-06-30 10918072 uk-core:WithinOneYear 2019-06-30 10918072 uk-core:AfterOneYear 2018-06-30 10918072 uk-core:AfterOneYear 2019-06-30 10918072 uk-core:ShareCapital 2019-06-30 10918072 uk-core:ShareCapital 2018-06-30 10918072 uk-core:RetainedEarningsAccumulatedLosses 2019-06-30 10918072 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 10918072 uk-bus:Director1 2018-07-01 2019-06-30 iso4217:GBP 10918072 uk-bus:AuditExempt-NoAccountantsReport 2018-07-01 2019-06-30 10918072 uk-bus:FRS102 2018-07-01 2019-06-30 10918072 uk-bus:FullAccounts 2018-07-01 2019-06-30 10918072 uk-bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30
WORTON COURT LTD
Registered Number:10918072
For the year ended 30 June 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2019
WORTON COURT LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 30 June 2019
WORTON COURT LTD
Statement of Financial Position
Registered Number :
10918072
£
£
2018
2019
Notes
Fixed assets
2
2,970,457
2,256,608
Investment property
2,970,457
2,256,608
Current assets
Trade and other receivables
12,488
209,060
3
43,557
Cash and cash equivalents
14,480
223,540
56,045
Trade and other payables: amounts falling due within one
year
(100,735)
(99,680)
4
(44,690)
123,860
Net current assets
Total assets less current liabilities
3,094,317
2,211,918
Trade and other payables: amounts falling due after more
than one year
(2,216,550)
(2,695,494)
5
(97,545)
-
Provisions for liabilities
301,278
Net assets/liabilities
(4,632)
Capital and reserves
Called up share capital
100
100
Retained earnings
301,178
(4,732)
301,278
(4,632)
Shareholders' funds
For the year ended 30 June 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr R S Makkar Director
These financial statements were approved and authorised for issue by the Board on 09 March 2020 and were signed by:
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4
For the year ended 30 June 2019
WORTON COURT LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 30 June 2019
WORTON COURT LTD
Notes to the Financial Statements
Statutory Information
WORTON COURT LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10918072.
Registered address:
Bridgewater House, Top Floor
866 - 868 Uxbridge Road
Hayes, Middlesex
UB4 0RR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rent receivable and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Investment property
Total
£
Fair value
At 01 July 2018
2,256,608
Additions
200,457
Fair value adjustments
513,392
At 30 June 2019
2,970,457
Net book value
At 30 June 2019
2,970,457
At 30 June 2018
2,256,608
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6
For the year ended 30 June 2019
WORTON COURT LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2018
2019
£
£
Trade debtors
7,855
2,200
Amounts owed by group undertakings and participating interests
163,177
-
Other debtors
38,028
10,288
12,488
209,060
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
163,177
-
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Trade creditors
7,537
33,806
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
14,400
-
Other creditors
77,743
66,929
99,680
100,735
5. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Bank loans and overdraft (secured)
2,249,494
1,370,342
Other creditors
446,000
846,208
2,695,494
2,216,550
6. Parent-subsidary relationship
The company is 100% subsidiary of Reliance Investments Ltd, incorporated in England & Wales with Registered number '06088720' and its registered address is at Top Floor, Bridgewater House 866 - 868 Uxbridge Road, Hayes UB4 0RR.
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