Guardian Parks and Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06381155 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Guardian Parks and Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

R F Muston

D T Muston

J M Muston

J C Muston

SECRETARY:

D T Muston

REGISTERED OFFICE:

Youngs Forge

Main Street

Wysall

Nottinghamshire

NG12 5QS

REGISTERED NUMBER:

06381155 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

3,214,868

4,314,228

CURRENT ASSETS

Stocks

307,703

334,152

Debtors

5

79,350

33,516

Investments

6

528,593

-

Cash at bank and in hand

474,589

304,221

1,390,235

671,889

CREDITORS

Amounts falling due within one year

7

109,040

167,811

NET CURRENT ASSETS

1,281,195

504,078

TOTAL ASSETS LESS CURRENT LIABILITIES

4,496,063

4,818,306

CREDITORS

Amounts falling due after more than one year

8

(236,842

)

(798,587

)

PROVISIONS FOR LIABILITIES

(404,390

)

(434,707

)

NET ASSETS

3,854,831

3,585,012

CAPITAL AND RESERVES

Called up share capital

10

101

101

Share premium

2,069,136

2,069,136

Revaluation reserve

11

684,235

883,001

Retained earnings

1,101,359

632,774

SHAREHOLDERS' FUNDS

3,854,831

3,585,012

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 and authorised for issue on 15 July 2020 and were signed on its behalf by:

R F Muston - Director

1.	STATUTORY INFORMATION

Guardian Parks and Developments 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

25% on cost and 15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST OR VALUATION

At 1 November 2018

4,299,199

40,071

10,659

4,349,929

Additions

-

5,978

3,706

9,684

Disposals

(1,099,199

)

(3,735

)

-

(1,102,934

)

At 31 October 2019

3,200,000

42,314

14,365

3,256,679

DEPRECIATION

At 1 November 2018

-

27,917

7,784

35,701

Charge for year

-

7,960

1,885

9,845

Eliminated on disposal

-

(3,735

)

-

(3,735

)

At 31 October 2019

-

32,142

9,669

41,811

NET BOOK VALUE

At 31 October 2019

3,200,000

10,172

4,696

3,214,868

At 31 October 2018

4,299,199

12,154

2,875

4,314,228

Cost or valuation at 31 October 2019 is represented by:

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

Valuation in 2008

200,000

-

-

200,000

Valuation in 2009

(82,500

)

-

-

(82,500

)

Valuation in 2015

992,200

-

-

992,200

Valuation in 2016

190,000

-

-

190,000

Cost

1,900,300

42,314

14,365

1,956,979

3,200,000

42,314

14,365

3,256,679

If freehold property had not been revalued it would have been included at the following historical cost:

31.10.19

31.10.18

£

£

Cost

2,114,200

2,999,499

Freehold property was valued on an open market basis on 31 October 2016 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

5,590

11,707

Other debtors

73,760

21,809

79,350

33,516

6.	CURRENT ASSET INVESTMENTS

31.10.19

31.10.18

£

£

Unlisted investments

528,593

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

-

54,858

Trade creditors

6,350

9,772

Taxation and social security

35,074

34,705

Other creditors

67,616

68,476

109,040

167,811

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans

-

175,323

Other creditors

236,842

623,264

236,842

798,587

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

36,994

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.19

31.10.18

£

£

Bank loans

-

230,181

The loan was secured over some of the freehold property, this has now been repaid.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

31.10.18

value:

£

£

10,100

Ordinary

1p

101

101

11.

RESERVES

Revaluation

reserve

£

At 1 November 2018

883,001

Reverse revaluation

(213,900

)

Deferred tax

15,134

At 31 October 2019

684,235

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Guardian Parks and Developments Limited for the year ended 31 October 2019 which comprise

the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Guardian Parks and Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Guardian Parks and Developments Limited and state those matters that we have agreed to state to the Board of Directors of Guardian Parks and Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Guardian Parks and Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Guardian Parks and Developments Limited. You consider that Guardian Parks and Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Guardian Parks and Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

15 July 2020