20 Wynnstay Road Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10653432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

20 WYNNSTAY ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G Parry

SECRETARY:

REGISTERED OFFICE:

20 Wynnstay Road

Colwyn Bay

LL29 8NB

REGISTERED NUMBER:

10653432 (England and Wales)

ACCOUNTANTS:

Williams Denton Cyf

Chartered Certified Accountants

13 Trinity Square

Llandudno

United Kingdom

CONWY

LL30 2RB

FIXED ASSETS

Tangible assets

4

177,161

180,292

CURRENT ASSETS

Debtors

5

-

500

Cash at bank

99

1,025

99

1,525

CREDITORS

Amounts falling due within one year

6

20,380

21,142

NET CURRENT LIABILITIES

(20,281

)

(19,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

156,880

160,675

CREDITORS

Amounts falling due after more than one year

7

156,060

162,087

NET ASSETS/(LIABILITIES)

820

(1,412

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

720

(1,512

)

SHAREHOLDERS' FUNDS

820

(1,412

)

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 29 June 2020 and were signed by:

Mr G Parry - Director

1.	STATUTORY INFORMATION

20 Wynnstay Road 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax 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.

Plant and machinery etc

-

25% 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 NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2019

183,504

2,352

185,856

Additions

1,508

1,239

2,747

At 31 March 2020

185,012

3,591

188,603

DEPRECIATION

At 1 April 2019

4,976

588

5,564

Charge for year

5,127

751

5,878

At 31 March 2020

10,103

1,339

11,442

NET BOOK VALUE

At 31 March 2020

174,909

2,252

177,161

At 31 March 2019

178,528

1,764

180,292

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

-

500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

5,777

5,487

Other creditors

14,603

15,655

20,380

21,142

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

156,060

162,087

8.	RELATED PARTY DISCLOSURES

GP Property Advisors Limited

This company is wholly owned by Mr Glyn Parry.

During the year 20 Wynnstay Road Limited received rent of £6,000 from GP Property Advisors Limited for the

property.

GP Property Advisors Limited made loans totalling £71,662 to 20 Wynnstay Road Ltd in 2018, this is the

maximum balance outstanding during the year and the balance outstanding at 31 March 2020

Mr Glyn Parry

At 31 March 2020 the company owed Mr Glyn Parry £13,715.