A J Prichard (Deganwy) Limited - Accounts to registrar (filleted) - small 18.2
A J Prichard (Deganwy) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2020 |
for |
A J Prichard (Deganwy) Limited |
A J Prichard (Deganwy) Limited (Registered number: 00436584) |
Contents of the Financial Statements |
for the year ended 31 March 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Chartered Accountants' Report | 6 |
A J Prichard (Deganwy) Limited |
Company Information |
for the year ended 31 March 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
19 Trinity Square |
Llandudno |
CONWY |
LL30 2RD |
A J Prichard (Deganwy) Limited (Registered number: 00436584) |
Balance Sheet |
31 March 2020 |
2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings | 7 |
SHAREHOLDERS' FUNDS |
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. |
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 |
A J Prichard (Deganwy) Limited (Registered number: 00436584) |
Notes to the Financial Statements |
for the year ended 31 March 2020 |
1. | STATUTORY INFORMATION |
A J Prichard (Deganwy) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Fixed asset investments |
Fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairments. |
Share capital |
Ordinary shares are classed as equity. |
Short term debtors and creditors |
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss. |
Distributions to equity holders |
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity. |
Cash and cash equivalents |
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. |
A J Prichard (Deganwy) Limited (Registered number: 00436584) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 April 2019 |
Additions |
Disposals | ( |
) |
Revaluations | ( |
) |
At 31 March 2020 |
NET BOOK VALUE |
At 31 March 2020 |
At 31 March 2019 |
Cost or valuation at 31 March 2020 is represented by: |
Other |
investments |
£ |
Valuation in 2011 | 101,085 |
Valuation in 2012 | (7,385 | ) |
Valuation in 2013 | 40,535 |
Valuation in 2014 | (4,224 | ) |
Valuation in 2015 | 9,783 |
Valuation in 2016 | (20,383 | ) |
Valuation in 2017 | 51,759 |
Valuation in 2018 | 1,426 |
Valuation in 2019 | 26,554 |
Valuation in 2020 | (41,446 | ) |
Cost | 358,925 |
516,629 |
If fixed asset investments had not been revalued they would have been included at the following historical cost: |
2020 | 2019 |
£ | £ |
Cost | 358,925 | 382,751 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Other creditors |
A J Prichard (Deganwy) Limited (Registered number: 00436584) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2020 |
7. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 April 2019 | 589,494 |
Deficit for the year | ( |
) | - | ( |
) |
Dividends | ( |
) | - | ( |
) |
Transfer between funds | 33,713 | (33,713 | ) | - |
At 31 March 2020 | 531,965 |
The transfers between reserves are realised gains/losses on disposal of fixed asset investments, the revaluation in the year on fixed asset investments and the associated deferred tax movement. |
8. | ULTIMATE CONTROLLING PARTY |
Mrs N E Brown owns 56.67% of the share capital of the company. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
A J Prichard (Deganwy) Limited |
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 A J Prichard (Deganwy) Limited for the year ended 31 March 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of A J Prichard (Deganwy) 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 A J Prichard (Deganwy) Limited and state those matters that we have agreed to state to the Board of Directors of A J Prichard (Deganwy) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A J Prichard (Deganwy) Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that A J Prichard (Deganwy) 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 loss of A J Prichard (Deganwy) Limited. You consider that A J Prichard (Deganwy) 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 A J Prichard (Deganwy) 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. |
Chartered Accountants |
19 Trinity Square |
Llandudno |
CONWY |
LL30 2RD |