Accounts filed on 30-11-2019
Accounts filed on 30-11-2019
Registered number: 04582809 | ||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||
Prepared By: | ||||||||
R F Love and Company | ||||||||
Chartered Accountant | ||||||||
79 Basepoint Business Centre | ||||||||
Yeoford Way | ||||||||
Exeter | ||||||||
Devon | ||||||||
EX2 8LB |
Midland Properties (Bristol) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
P O'Brien | ||||||||
REGISTERED OFFICE | ||||||||
Devon | ||||||||
COMPANY DETAILS | ||||||||
registered in England & Wales, registered number 04582809 | ||||||||
ACCOUNTANTS | ||||||||
R F Love and Company | ||||||||
Chartered Accountant | ||||||||
79 Basepoint Business Centre | ||||||||
Yeoford Way | ||||||||
Exeter | ||||||||
Devon | ||||||||
EX2 8LB |
Midland Properties (Bristol) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/11/2019 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Midland Properties (Bristol) Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2019 | 2018 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
3,076,346 | 3,400,647 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 3,283,924 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 1,666,855 | 1,989,033 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1d,9 | 1,252,616 | 1,252,616 | |||||||
Profit and loss account | 58,524 | 52,643 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Midland Properties (Bristol) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/11/2019 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
1d. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2019 | 2018 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
Midland Properties (Bristol) Limited | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Motor Cars | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/12/2018 | 32,004 | 35,785 | 67,789 | |||
Additions | 590 | - | 590 | |||
At 30/11/2019 | 32,594 | 35,785 | 68,379 | |||
Depreciation | ||||||
At 01/12/2018 | 31,287 | 26,131 | 57,418 | |||
For the year | 327 | 2,414 | 2,741 | |||
At 30/11/2019 | 31,614 | 28,545 | 60,159 | |||
Net Book Amounts | ||||||
At 30/11/2019 | 8,220 | |||||
At 30/11/2018 | 10,371 | |||||
4. STOCK | 2019 | 2018 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock, at revaluation | ||||||
5. DEBTORS | 2019 | 2018 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Amounts falling due over more than one year | ||||||||
Long term debtor | 630,981 | 918,388 | ||||||
630,981 | 918,388 | |||||||
630,981 | 918,388 | |||||||
Midland Properties (Bristol) Limited | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Directors current account | 90,668 | 106,761 | ||||||
Credit card | 4,900 | 1,962 | ||||||
Accruals | 11,000 | 8,000 | ||||||
106,568 | 116,723 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2019 | 2018 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 1,078,292 | 906,445 | ||||||
Long term creditor | 588,563 | 1,082,588 | ||||||
1,666,855 | 1,989,033 | |||||||
8. SHARE CAPITAL | 2019 | 2018 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3 | 3 | |||||||
3 | 3 | |||||||
9. REVALUATION RESERVE | 2019 | 2018 | ||||||
£ | £ | |||||||
Revaluation reserve | 1,252,616 | 1,252,616 | ||||||
1,252,616 | 1,252,616 | |||||||