Strathmore House (Plymouth) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01273202 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

STRATHMORE HOUSE (PLYMOUTH) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr T Tsirtsipis

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

01273202 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

2,162,862

2,152,787

CURRENT ASSETS

Debtors

5

1,057,834

1,052,024

Cash in hand

10

10

1,057,844

1,052,034

CREDITORS

Amounts falling due within one year

6

1,610,215

1,606,871

NET CURRENT LIABILITIES

(552,371

)

(554,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,610,491

1,597,950

CREDITORS

Amounts falling due after more than one year

7

(1,006,000

)

(1,078,000

)

PROVISIONS FOR LIABILITIES

9

(14,700

)

(12,786

)

NET ASSETS

589,791

507,164

CAPITAL AND RESERVES

Called up share capital

10

6,666

6,666

Retained earnings

583,125

500,498

SHAREHOLDERS' FUNDS

589,791

507,164

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 May 2020 and were signed by:

Mr T Tsirtsipis - Director

1.	STATUTORY INFORMATION

Strathmore House (Plymouth) 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.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is

recognised at the date the service was provided. This is stated after trade discounts and other sales taxes.

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

Improvements to property

-

not provided

Fixtures,fittings & equipment

-

10% on reducing balance

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Fixtures,fittings

property

property

& equipment

Totals

£

£

£

£

COST

At 1 April 2019

362,788

1,722,706

712,653

2,798,147

Additions

-

-

17,672

17,672

At 31 March 2020

362,788

1,722,706

730,325

2,815,819

DEPRECIATION

At 1 April 2019

-

-

645,360

645,360

Charge for year

-

-

7,597

7,597

At 31 March 2020

-

-

652,957

652,957

NET BOOK VALUE

At 31 March 2020

362,788

1,722,706

77,368

2,162,862

At 31 March 2019

362,788

1,722,706

67,293

2,152,787

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

1,055,310

1,049,500

Prepayments

2,524

2,524

1,057,834

1,052,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts (see note 8)

49,980

23,178

Trade creditors

-

7,259

Corporation tax payable

34,908

40,946

Other loans

1,512,051

1,525,314

Director`s current account

12,076

2,974

Accrued expenses

1,200

7,200

1,610,215

1,606,871

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans (see note 8)

1,006,000

1,078,000

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.20

31.3.19

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

49,980

23,178

Amounts falling due between one and two years:

Bank loans - 1-2 years

1,006,000

1,078,000

9.	PROVISIONS FOR LIABILITIES

31.3.20

31.3.19

£

£

Deferred tax

14,700

12,786

Deferred

tax

£

Balance at 1 April 2019

12,786

Provided during year

1,914

Balance at 31 March 2020

14,700

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

6,666

Ordinary

£1

6,666

6,666