Weston Plant Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03539180 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Weston Plant Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

E Carr

MJ Carr

SE Carr

REGISTERED OFFICE:

75A Newtown Road

Sholing

Southampton

Hampshire

SO19 9HX

REGISTERED NUMBER:

03539180 (England and Wales)

ACCOUNTANTS:

Creighton Accountants Ltd

25a Down End Road

Portchester

Fareham

Hampshire

PO16 8RG

FIXED ASSETS

Tangible assets

3

683,162

668,931

CURRENT ASSETS

Debtors

4

28,552

20,973

Cash at bank

219,267

181,605

247,819

202,578

CREDITORS

Amounts falling due within one year

5

63,205

68,494

NET CURRENT ASSETS

184,614

134,084

TOTAL ASSETS LESS CURRENT LIABILITIES

867,776

803,015

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

867,676

802,915

SHAREHOLDERS' FUNDS

867,776

803,015

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 5 May 2020 and were signed on its behalf by:

SE Carr - Director

1.	STATUTORY INFORMATION

Weston Plant Properties 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.

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

-

25% 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.

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 September 2018

610,538

107,176

717,714

Additions

-

51,500

51,500

At 31 August 2019

610,538

158,676

769,214

DEPRECIATION

At 1 September 2018

-

48,783

48,783

Charge for year

-

37,269

37,269

At 31 August 2019

-

86,052

86,052

NET BOOK VALUE

At 31 August 2019

610,538

72,624

683,162

At 31 August 2018

610,538

58,393

668,931

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

22,975

18,789

Other debtors

5,577

2,184

28,552

20,973

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade creditors

751

631

Taxation and social security

9,611

18,807

Other creditors

52,843

49,056

63,205

68,494

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the joint control of Mr E F Carr and Mrs M J Carr throughout the current year. They

are both directors of Weston Plant Properties Limited and hold 100% of the issued share capital of the parent

company, Carr (WP) Property Holdings Limited.

Mr E F Carr and Mrs M J Carr maintain a directors loan account with the company. At the balance sheet date

£52,000 was owed by the company. The balance was included in other creditors.