The Retreat (Harrold) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06516433 (England and Wales)

THE RETREAT (HARROLD) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs G Walker

SECRETARY:

Mr R J R Walker

REGISTERED OFFICE:

New Farmhouse

12 Water Lane

Chelveston

Wellingborough

Northamptonshire

NN9 6AG

REGISTERED NUMBER:

06516433 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

2,201

1,079

CURRENT ASSETS

Stocks

7,348

2,630

Debtors

5

2,657

2,724

Cash at bank

980

47

10,985

5,401

CREDITORS

Amounts falling due within one year

6

(120,723

)

(80,728

)

NET CURRENT LIABILITIES

(109,738

)

(75,327

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(107,537

)

(74,248

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(107,637

)

(74,348

)

SHAREHOLDERS' FUNDS

(107,537

)

(74,248

)

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 her 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 9 September 2020 and were signed by:

Mrs G Walker - Director

1.	STATUTORY INFORMATION

The Retreat (Harrold) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is recognised on the supply of services to the customer net of 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.

Fixtures and fittings

-

20% 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.

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 7 (2019 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2019

15,730

Additions

1,740

At 31 March 2020

17,470

DEPRECIATION

At 1 April 2019

14,651

Charge for year

618

At 31 March 2020

15,269

NET BOOK VALUE

At 31 March 2020

2,201

At 31 March 2019

1,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

2,657

2,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

213

Taxation and social security

2,099

2,537

Other creditors

118,624

77,978

120,723

80,728

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

1

100

100

8.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £113,215 (2019 - £71,522) were outstanding at the year

end. Loans will be repaid when funds permit.

9.	GOING CONCERN

The business is dependant on the continuing support of the director.