360 Global Estates Limited - Accounts to registrar (filleted) - small 18.2
360 Global Estates Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| 360 GLOBAL ESTATES LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| 360 GLOBAL ESTATES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| STATEMENT OF FINANCIAL POSITION |
| 31 DECEMBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| 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 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 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. |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 DECEMBER 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 signed on its behalf by: |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 1. | STATUTORY INFORMATION |
| 360 Global Estates 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 represents net invoiced rental income, excluding value added tax. |
| Tangible fixed assets |
| No depreciation is provided on land and buildings as the residual value of land and buildings is greater than the |
| cost stated in the accounts. |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| Going concern |
| The accounts have been prepared on the going concern basis. At 31 December 2019, the company had net |
| current liabilities of £249,108 (2018: £224,658). The directors consider the basis of the preparation to be |
| appropriate as a result of expected continuing financial support from the company's principal creditors and it's |
| future prospects. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| Cost or valuation at 31 December 2019 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2009 | 37,668 | - | 37,668 |
| Cost | 3,114,940 | 161,906 | 3,276,846 |
| 3,152,608 | 161,906 | 3,314,514 |
| If freehold land and buildings had not been revalued they would have been included at the following historical |
| cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 1,562,810 | 1,562,810 |
| Freehold land and buildings were valued on an open market basis on 30 September 2009 by King Sturge LLP, property consultants |
| . |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST OR VALUATION |
| At 1 January 2019 |
| and 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| 360 GLOBAL ESTATES LIMITED (REGISTERED NUMBER: 05830853) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2019 | 2018 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | - | 774,856 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2019 |
| and 31 December 2019 |
| 9. | RELATED PARTY DISCLOSURES |
| Sentry Doors Limited |
| Sentry Doors Limited was a company controlled by G & C Yates up to 21 February 2019. |
| Included in the Income Statement are rents charged to Sentry Doors Limited from 360 Global Esates Limited |
| totalling £30,000 (2018: £138,000) for the period up to 21 February 2019, when the companies were under the |
| control of G & C Yates. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is 360 Global Holdings Limited. |
| The ultimate controlling party is |