Taupo Group Commercial Limited - Accounts to registrar (filleted) - small 18.2
Taupo Group Commercial Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2019 |
for |
Taupo Group Commercial Limited |
Taupo Group Commercial Limited (Registered number: 10779540) |
Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Taupo Group Commercial Limited |
Company Information |
for the Year Ended 30 June 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Taupo Group Commercial Limited (Registered number: 10779540) |
Balance Sheet |
30 June 2019 |
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
Taupo Group Commercial Limited (Registered number: 10779540) |
Balance Sheet - continued |
30 June 2019 |
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 and authorised for issue on behalf by: |
Taupo Group Commercial Limited (Registered number: 10779540) |
Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
1. | STATUTORY INFORMATION |
Taupo Group Commercial Limited is a |
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 |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
tax and other 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. |
The Company carries its investment properties at fair value, with changes in fair values being recognised in the income |
statement. In addition, it measures land and buildings at revalued amounts with changes in fair value being recognised in |
other comprehensive income. |
Investment property shall be measured at fair value at each reporting date with changes in fair value recognised in profit or |
loss. If a property interest held under a lease is classified as investment property, the item accounted for at fair value is that |
interest and not the underlying property. |
Investment properties are derecognised when either they have been disposed of or when the investment property is |
permanently withdrawn from use and no future economic benefit is expected from its disposal. Any gains or losses on the |
retirement or disposal of investment property, is recognised in the income statement in the period of derecognition. |
Transfers are made to or from investment property only when there is a change in use. |
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. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - NIL). |
Taupo Group Commercial Limited (Registered number: 10779540) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 July 2018 |
Additions |
Reclassification/transfer | (462,111 | ) |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Taupo Group Commercial Limited (Registered number: 10779540) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
9. | RELATED PARTY DISCLOSURES |
The amount owed to the group is a balance of £798,876 (2018 £521,382) due to Taupo Group Holdings Ltd and £463,519 |
(2018:Nil) due by Taupo Group Residential Ltd a member of the group company, |
10. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Taupo Group Holdings Limited , a company in which the Directors Mr S P Pasco , Ms S J |
Pasco and Mrs R Pasco are also directors. Taupo Group Holdings Limited is a company registered in England and Wales. |