Ashwood Land & Property Limited Filleted accounts for Companies House (small and micro)

Ashwood Land & Property Limited Filleted accounts for Companies House (small and micro)

ASHWOOD LAND & PROPERTY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03606675
ASHWOOD LAND & PROPERTY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2019
ASHWOOD LAND & PROPERTY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2019
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
ASHWOOD LAND & PROPERTY LIMITED
BALANCE SHEET
31 December 2019
2019
2018
Note
£
£
Current assets
Work in progress
4
86,757
85,125
Cash at bank and in hand
248
316
------------
------------
87,005
85,441
Creditors: amounts falling due within one year
5
( 87,189)
( 85,203)
------------
------------
Net current (liabilities)/assets
( 184)
238
------------
------------
Total assets less current liabilities
( 184)
238
------------
------------
Net (liabilities)/assets
( 184)
238
------------
------------
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
( 284)
138
------------
------------
Shareholders (deficit)/funds
( 184)
238
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 June 2020 , and are signed on behalf of the board by:
B McNulty
Director
Company registration number: 03606675
ASHWOOD LAND & PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashwood House, Church Street, Denton, Grantham, NG32 1LE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have been prepared upon the going concern concept which is reliant upon the continued financial support of the company's directors.
Work in progress
This is stated at the lower of cost and net realisable value.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Work in progress
2019
2018
£
£
Work in progress
86,757
85,125
------------
------------
5. Creditors: amounts falling due within one year
2019
2018
£
£
Accruals and deferred income
325
325
Loans
86,864
84,878
------------
------------
87,189
85,203
------------
------------
6. Called up share capital
Issued, called up and fully paid
2019
2018
No.
£
No.
£
Ordinary shares of £ 1 each
100
100.00
100
100.00
------------
------------
------------
------------
7. Related party transactions
Transactions with the directors and shareholders Included within creditors at 31 December 2019 and 31 December 2018 are the following loans made by the directors and shareholders of the company. The loans are interest free, unsecured and repayable on demand.
2019 2018
£ £
B McNulty 75,634 73,648
P E McNulty 11,230 11,230
------------ ------------
86,864 84,878
------------ ------------
Control of the company The company is controlled by B McNulty who is also a director.