Elmtone Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02980774 (England and Wales)

Unaudited Financial Statements

for the Period

1 November 2019 to 31 August 2020

for

Elmtone Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C A Williams

E D Williams

A W Mowbray

SECRETARY:

E D Williams

REGISTERED OFFICE:

40 Easter Park

Barton Road

Middlesbrough

Cleveland

TS2 1RY

REGISTERED NUMBER:

02980774 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

BANKERS:

Lloyds TSB

Skinnergate

Darlington

Co. Durham

FIXED ASSETS

Tangible assets

4

-

1

Investment property

5

-

375,000

-

375,001

CURRENT ASSETS

Debtors

6

70,000

-

Cash at bank

1,132

1,090

71,132

1,090

CREDITORS

Amounts falling due within one year

7

2,703

71,806

NET CURRENT ASSETS/(LIABILITIES)

68,429

(70,716

)

TOTAL ASSETS LESS CURRENT LIABILITIES

68,429

304,285

CREDITORS

Amounts falling due after more than one year

8

3,675

3,675

NET ASSETS

64,754

300,610

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

9

-

121,465

Retained earnings

63,754

178,145

64,754

300,610

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2020 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 7 September 2020 and were signed on its behalf by:

E D Williams - Director

1.	STATUTORY INFORMATION

Elmtone Properties 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.

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 cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the period 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 period 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 period was NIL (2019 - 3 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2019

2,170

Disposals

(2,170

)

At 31 August 2020

-

DEPRECIATION

At 1 November 2019

2,169

Eliminated on disposal

(2,169

)

At 31 August 2020

-

NET BOOK VALUE

At 31 August 2020

-

At 31 October 2019

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2019

375,000

Disposals

(375,000

)

At 31 August 2020

-

NET BOOK VALUE

At 31 August 2020

-

At 31 October 2019

375,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.10.19

£

£

Trade debtors

70,000

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.10.19

£

£

Trade creditors

1,804

2,160

Other creditors

899

69,646

2,703

71,806

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.10.19

£

£

Other creditors

3,675

3,675

9.

RESERVES

Fair

value

reserve

£

At 1 November 2019

121,465

SoCIE line item with acc967/31

(121,465

)

At 31 August 2020

-