A.T. Bent (Properties) Limited - Accounts to registrar (filleted) - small 18.2
A.T. Bent (Properties) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 September 2019 |
| for |
| A.T. Bent (Properties) Limited |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Contents of the Financial Statements |
| for the year ended 30 September 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A.T. Bent (Properties) Limited |
| Company Information |
| for the year ended 30 September 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 15 Palace Street |
| NORWICH |
| Norfolk |
| NR3 1RT |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Balance Sheet |
| 30 September 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| 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. |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Balance Sheet - continued |
| 30 September 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 |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Notes to the Financial Statements |
| for the year ended 30 September 2019 |
| 1. | STATUTORY INFORMATION |
| A.T. Bent (Properties) Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Revenue is recognised in respect of rental and related income receivable for the period exclusive of |
| VAT. |
| Where the period for which the rent relates spans the period end the appropriate proportion is |
| carried forward as deferred income. Where any rent free period is provided to tenants, the effect |
| of this is removed from the revenue recognised in the accounts and as such it is on a straight line |
| basis with the creation of accrued income. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is carried at fair value, determined annually by the directors and derived from |
| considering current market conditions and investment property yields for comparable real estate, |
| adjusted if necessary for any difference in the nature, location or condition of the specific asset and |
| referring to outside experts where necessary. No depreciation is provided on investment |
| properties and changes in fair value are recognised in the Statement of Comprehensive Income. |
| 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. |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Other reserves |
| The reserve represents the surplus arising from movements in fair value less the associated |
| deferred tax. Where previously restated assets are sold a transfer is made between reserves to |
| retained earnings. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 October 2018 |
| Additions |
| At 30 September 2019 |
| DEPRECIATION |
| At 1 October 2018 |
| Charge for year |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertaki |
| £ |
| COST |
| At 1 October 2018 |
| and 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2019 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2018 |
| Additions |
| Fair Value Movement | (11,782 | ) |
| At 30 September 2019 |
| NET BOOK VALUE |
| At 30 September 2019 |
| At 30 September 2018 |
| Fair value at 30 September 2019 is represented by: |
| £ |
| Valuation in 2019 | 6,580,759 |
| 7. | DEBTORS |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts due from group |
| undertaking |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| A.T. Bent (Properties) Limited (Registered number: 00663752) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2019 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended |
| 30 September 2019 and 30 September 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 10. | RELATED PARTY DISCLOSURES |
| Galleon Storage & Mooring Ltd |
| Subsidiary |
| At the end of the year a loan was owing from the subsiduary of £713,458. This loan is interest free |
| and it is repayable on demand. |