Donald C Larder Limited 24/12/2019 iXBRL

Donald C Larder Limited 24/12/2019 iXBRL

DONALD C LARDER LIMITED - Company Information

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Company registration number: 01344374
Donald C Larder Limited
Trading as Donald C Larder Limited
Unaudited filleted financial statements
24 December 2019
Donald C Larder Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Donald C Larder Limited
Directors and other information
Director Ms Jennifer Sherlock
Secretary Jennifer Sherlock
Company number 01344374
The Flat
21 Southgate
Sleaford
NG34 7SU
Business address The Flat
21 Southgate
Sleaford
Lincolnshire
NG34 7SU
Accountant Bush & Co
95 Boston Road
Sleaford
Lincolnshire
NG34 7HP
Donald C Larder Limited
Statement of financial position
24 December 2019
24/12/19 24/12/18
Note £ £ £ £
Fixed assets
Tangible assets 4 357,200 357,200
_______ _______
357,200 357,200
Current assets
Debtors 5 215 -
Cash at bank and in hand 25,709 28,088
_______ _______
25,924 28,088
Creditors: amounts falling due
within one year 6 ( 29,212) ( 33,724)
_______ _______
Net current liabilities ( 3,288) ( 5,636)
_______ _______
Total assets less current liabilities 353,912 351,564
Creditors: amounts falling due
after more than one year 7 ( 81,596) ( 84,449)
_______ _______
Net assets 272,316 267,115
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Revaluation reserve 30,009 30,009
Profit and loss account 241,307 236,106
_______ _______
Shareholders funds 272,316 267,115
_______ _______
For the period ending 24 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 08 April 2020 , and are signed on behalf of the board by:
Ms Jennifer Sherlock
Director
Company registration number: 01344374
Donald C Larder Limited
Notes to the financial statements
Period ended 24 December 2019
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Donald C Larder Limited, The Flat, 21 Southgate, Sleaford, NG34 7SU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
Turnover
Turnover represents the value of rental income received and payable.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchase price and any directly attributable expenditure.Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss
4. Tangible assets
Freehold and leasehold properties
£
Cost
At 25 December 2018 and 24 December 2019 357,200
_______
Carrying amount
At 24 December 2019 357,200
_______
At 24 December 2018 357,200
_______
Investment property
Included within the above is investment property as follows:
£
Transfers from tangible assets 357,200
_______
At 24 December 2019 357,200
_______
The investment propertiy at the Market Place , Sleaford was valued at 21st February 2018 by John R Elliott of J H Walter LLP. Thie director deemed this valuation to be unchanged at 24th December 2019. The investment property at 33-35 Boston Road, Sleaford was valued by the director.
5. Debtors
24/12/19 24/12/18
£ £
Other debtors 215 -
_______ _______
6. Creditors: amounts falling due within one year
24/12/19 24/12/18
£ £
Bank loans and overdrafts 2,500 2,200
Corporation tax 4,035 2,508
Other creditors 22,677 29,016
_______ _______
29,212 33,724
_______ _______
7. Creditors: amounts falling due after more than one year
24/12/19 24/12/18
£ £
Other creditors 81,596 84,449
_______ _______
The loan is secured against 33-35 Boston Road, Sleaford, Lincolnshire, NG34 7ER.
£50,000 redeemable preference shares
8. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value
Year Period
ended ended
24/12/19 24/12/18
£ £
Jennifer Sherlock 5,330 4,350
_______ _______
A business owned solely by the director Jennifer Sherlock supplied property management and administration services to Donald C Larder Limited . The services were supplied on a commercial basis.
9. Controlling party
During the period ended 24th December 2019, the director Jennifer Sherlock together with members of the close family controlled the company by virtue of a controlling interest (directly or indirectly) of 100% of the issued ordinary share capital.