Sitecroft Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02728049 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

SITECROFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R M Harrison

REGISTERED OFFICE:

Amberwell

Toms Lane

Linwood

Ringwood

Hampshire

BH24 3QU

REGISTERED NUMBER:

02728049 (England and Wales)

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

Suite 2B, Lynes House

Lynes Lane

High Street

Ringwood

Hampshire

BH24 1BT

FIXED ASSETS

Tangible assets

4

713

937

CURRENT ASSETS

Debtors

5

180,062

186,464

Cash at bank

6,266

5,469

186,328

191,933

CREDITORS

Amounts falling due within one year

6

89,213

78,836

NET CURRENT ASSETS

97,115

113,097

TOTAL ASSETS LESS CURRENT LIABILITIES

97,828

114,034

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

97,826

114,032

SHAREHOLDERS' FUNDS

97,828

114,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2020 and were signed by:

Mr R M Harrison - Director

1.	STATUTORY INFORMATION

Sitecroft Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents amounts received for the development of land for residential purposes.

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

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

machinery

equipment

vehicles

Totals

£

£

£

£

COST

At 1 August 2018

and 31 July 2019

21,450

250

12,745

34,445

DEPRECIATION

At 1 August 2018

20,940

50

12,518

33,508

Charge for year

127

40

57

224

At 31 July 2019

21,067

90

12,575

33,732

NET BOOK VALUE

At 31 July 2019

383

160

170

713

At 31 July 2018

510

200

227

937

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

96

Amounts owed by associates

114,790

114,554

Other debtors

65,272

71,814

180,062

186,464

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

5

Amounts owed to associates

77,986

77,986

Taxation and social security

1,104

-

Other creditors

10,123

845

89,213

78,836

7.	RELATED PARTY DISCLOSURES

At the year end the company was owed £60,975 (2018: £60,975) by Horsescout Ltd, a company under the

control of a relative of the director. It was also owed £114,790 (2018: £114,554) by Blandford Estates Limited, a

company under the control of the director.

The company owed £77,986 (2018: £77,986) to Harrison Property Consultancy Ltd, a company under the

control of the director.