ACCOUNTS - Final Accounts

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

TAMAR VALLEY PRESERVES LIMITED - Company Information

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Registered number: 08299711

TAMAR VALLEY PRESERVES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2019

TAMAR VALLEY PRESERVES LIMITED

REGISTERED NUMBER:08299711

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2019

	30 June	31 May
	2019	2019
Note	£	£


CURRENT ASSETS
Fixed assets held for sale		-		2,004
Debtors: amounts falling due within one year	4	29,972		65,757
Cash at bank and in hand		866		887
		30,838		68,648
Creditors: amounts falling due within one year	5	(7,822)		(5,610)
NET CURRENT ASSETS			23,016		63,038
TOTAL ASSETS LESS CURRENT LIABILITIES			23,016		63,038

NET ASSETS			23,016		63,038

CAPITAL AND RESERVES
Called up share capital	6	100	100
Profit and loss account		22,916	62,938
		23,016	63,038

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TAMAR VALLEY PRESERVES LIMITED

REGISTERED NUMBER:08299711

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 JUNE 2019

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr R Mollard

Director

Date: 31 March 2020

The notes on pages 3 to 5 form part of these financial statements.

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TAMAR VALLEY PRESERVES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2019

1.	GENERAL INFORMATION

The company is a private limited company, limited by shares and registered in England and Wales. The registered number of the company is 08299711. The registered office of the company is The Leys, Milton Combe, Yelverton, Devon, PL20 6HW.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

BASIS OTHER THAN THAT OF A GOING CONCERN

The company ceased trading on 31 May 2018. The financial statements have been prepared on a basis other than that of a going concern which includes, where appropriate, writing down the company’s assets to net realisable value. Provision has also been made for any contractual commitments that have become onerous at the balance sheet date. The financial statements do not include any provision for the future costs of terminating the business of the company except to the extent that such costs were committed at the balance sheet date.

2.3

FINANCE COSTS

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

TAXATION

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.5

DEBTORS

Short term debtors are measured 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.

2.6

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.

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TAMAR VALLEY PRESERVES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2019

2.ACCOUNTING POLICIES (continued)

2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the period was 2 (2019: 2).

DEBTORS

					30 June	31 May
					2019	2019
					£	£


Other debtors	29,650	64,727
Tax recoverable	322	1,030
	29,972	65,757

Trade creditors	-	4,260
Other creditors	1,922	-
Accruals and deferred income	5,900	1,350
	7,822	5,610

ALLOTTED, CALLED UP AND FULLY PAID

100 (2019: 100) Ordinary shares of £1 each	100	100

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TAMAR VALLEY PRESERVES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2019

7.	TRANSACTIONS WITH DIRECTORS
	At the period end, the directors were owed £1,922 by the Company (31 May 2019: £35,078 owed to the Company). During the period, dividends were paid to the directors totalling £37,000 (31 May 2019: £Nil)

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