Delves Broughton Limited - Accounts to registrar (filleted) - small 18.2
Delves Broughton Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2020 |
for |
Delves Broughton Limited |
Delves Broughton Limited (Registered number: 05546919) |
Contents of the Financial Statements |
for the Year Ended 30 June 2020 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 8 |
Delves Broughton Limited |
Company Information |
for the Year Ended 30 June 2020 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 Claridge Court |
Lower Kings Road |
Berkhamsted |
Hertfordshire |
HP4 2AF |
Delves Broughton Limited (Registered number: 05546919) |
Balance Sheet |
30 June 2020 |
30.6.20 | 30.6.19 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
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. |
Delves Broughton Limited (Registered number: 05546919) |
Balance Sheet - continued |
30 June 2020 |
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 |
Delves Broughton Limited (Registered number: 05546919) |
Notes to the Financial Statements |
for the Year Ended 30 June 2020 |
1. | STATUTORY INFORMATION |
Delves Broughton Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared on a going concern basis, the directors believe that this is a valid basis for preparation as they continue to support the company as is begins to recoup the initial investment made following its restructure during the prior periods. |
The Directors have showed continued support, investing further funds as requested as well as allowing funds due to lenders to be reduced from proceeds of property sales. |
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 |
Stocks |
Stocks represent trading properties held for development and short term rental. These are held the lower of original cost plus expenditure connected with there development (excluding VAT where appropriate) and the expected valuation of the completed property. |
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. |
Delves Broughton Limited (Registered number: 05546919) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.20 | 30.6.19 |
£ | £ |
Other creditors |
Delves Broughton Limited (Registered number: 05546919) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.20 | 30.6.19 |
£ | £ |
Other Creditors | 5,947,163 | 6,007,860 |
The other creditors, being a loan from a director is secured by way of a fixed and floating charge over the company's assets. |
8. | DEFERRED TAX |
£ |
Balance at 1 July 2019 | ( |
) |
Balance at 30 June 2020 | ( |
) |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.20 | 30.6.19 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2019 | ( |
) |
Profit for the year |
At 30 June 2020 | ( |
) |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following director provided interest free loans to the company which were outstanding at the period end and were included in long term creditors: |
D Cowham £5,947,163 (2019: £6,007,860) |
All transactions were carried out on an arms length basis. |
Delves Broughton Limited (Registered number: 05546919) |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2020 |
12. | RELATED PARTY DISCLOSURES |
At year end the company owed £7,883 (2019: £8,783) to Mediius Limited, Mr Cowham and Mr Champion are both directors and shareholders of the company. |
13. | ULTIMATE CONTROLLING PARTY |
At the balance sheet date the company was controlled by D Cowham as the sole shareholder. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Delves Broughton 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 Statement of Comprehensive Income 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 Delves Broughton Limited for the year ended 30 June 2020 which comprise the Income Statement, Balance Sheet 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 Delves Broughton 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 Delves Broughton Limited and state those matters that we have agreed to state to the Board of Directors of Delves Broughton 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 Delves Broughton Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Delves Broughton 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 profit of Delves Broughton Limited. You consider that Delves Broughton 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 Delves Broughton 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 |
4 Claridge Court |
Lower Kings Road |
Berkhamsted |
Hertfordshire |
HP4 2AF |