Slumgothic Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05880117 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Slumgothic Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Hammond

Ms M E Ward-Lowery

D D Doughty

Ms C J Buckley

Ms J M Cifre-Cerda

C P Disley

SECRETARY:

Mrs H E Hammond

REGISTERED OFFICE:

The Shooting Lodge

Scotter Road

Laughton

Gainsborough

Lincolnshire

DN21 3PT

REGISTERED NUMBER:

05880117 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

Unit 1, Sandars Road

Heapham Rd Ind Estate

Gainsborough

Lincolnshire

DN21 1RZ

FIXED ASSETS

Tangible assets

4

47,503

59,652

CURRENT ASSETS

Stocks

75

300

Cash at bank and in hand

22,742

31,128

22,817

31,428

CREDITORS

Amounts falling due within one year

5

8,491

8,676

NET CURRENT ASSETS

14,326

22,752

TOTAL ASSETS LESS CURRENT LIABILITIES

61,829

82,404

ACCRUALS AND DEFERRED INCOME

58,500

89,421

NET ASSETS/(LIABILITIES)

3,329

(7,017

)

RESERVES

Income and expenditure account

3,329

(7,017

)

3,329

(7,017

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 surplus or deficit 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 14 December 2020 and were signed on its behalf by:

M Hammond - Director

1.	STATUTORY INFORMATION

Slumgothic Limited is a private company, limited by guarantee , 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

The company's turnover represents sales from its café, fees and subscriptions. The company is not vat registered.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Landlord property improvements

-

10% on cost

Plant and machinery

-

10% on cost

Computer equipment

-

33% 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.

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.In light of the small amount involved no provision has been made in the accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Landlord

property

Plant and

Computer

improvements

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2019

109,743

15,297

565

125,605

Additions

-

603

-

603

At 31 December 2019

109,743

15,900

565

126,208

DEPRECIATION

At 1 January 2019

60,954

4,673

326

65,953

Charge for year

10,974

1,590

188

12,752

At 31 December 2019

71,928

6,263

514

78,705

NET BOOK VALUE

At 31 December 2019

37,815

9,637

51

47,503

At 31 December 2018

48,789

10,624

239

59,652

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Social security and other taxes

-

185

Directors' current accounts

8,491

8,491

8,491

8,676

6.	RELATED PARTY DISCLOSURES

The company occupies premises owned by Mr M Hammond, a director of the company on a rent free basis.

At the year end date the company owed Mr Hammond £8,491, (2018,£8,491).

Mr Hammond has indicated that he will not seek repayment of this loan unless the company's finances permit.

7.	LIMITED BY GUARANTEE

The company has no share capital and is limited by guarantee.