Glenwood Homes Limited - Accounts to registrar (filleted) - small 18.2
Glenwood Homes Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Period 31 December 2018 to 29 December 2019 |
| for |
| Glenwood Homes Limited |
| Glenwood Homes Limited (Registered number: 07287300) |
| Contents of the Financial Statements |
| for the Period 31 December 2018 to 29 December 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Glenwood Homes Limited |
| Company Information |
| for the Period 31 December 2018 to 29 December 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Archway House |
| 81-82 Portsmouth Road |
| Surbiton |
| Surrey |
| KT6 5PT |
| BANKERS: |
| 5 Market Place |
| Kingston upon Thames |
| Surrey |
| KT1 1JX |
| Glenwood Homes Limited (Registered number: 07287300) |
| Balance Sheet |
| 29 December 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 director and authorised for issue on |
| Glenwood Homes Limited (Registered number: 07287300) |
| Notes to the Financial Statements |
| for the Period 31 December 2018 to 29 December 2019 |
| 1. | STATUTORY INFORMATION |
| Glenwood Homes Limited is a |
| 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. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL (2018 - NIL). |
| Glenwood Homes Limited (Registered number: 07287300) |
| Notes to the Financial Statements - continued |
| for the Period 31 December 2018 to 29 December 2019 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Deferred tax asset |
| Prepayments and accrued income |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Tax |
| Other creditors |
| Directors' current accounts | 340,698 |
| Accrued expenses |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the periods ended 29 December 2019 and 30 December 2018: |
| 2019 | 2018 |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) | ( |
) |
| Glenwood Homes Limited (Registered number: 07287300) |
| Notes to the Financial Statements - continued |
| for the Period 31 December 2018 to 29 December 2019 |
| 7. | RELATED PARTY DISCLOSURES |
| Included within Debtors (note 6) are amounts owed by the following companies, of which N J Jarvis is also a director: |
| 2019 | 2018 |
| £ | £ |
| Glenwood Homes (London) Limited | - | 40,887 |
| 36415201 Limited | - | 86,660 |
| Glenwood Homes (Oxshott) Limited | 1,016,275 | 225,082 |
| Glenwood Homes (Hornbeams) Ltd | 651,571 | 383,054 |
| Included within Creditors (note 7) are amounts owed to the following companies of which N J Jarvis is also a director: |
| 2019 | 2018 |
| £ | £ |
| Diadem Homes Limited | 100,159 | 439,801 |
| Glenwood Homes (Teddington) Limited | - | 46,011 |
| 'Other debtors' includes the sum of £67,410 (2018 £96,570) owed by S J Dines to whom N J Jarvis is related. |
| 'Other debtors' includes the sum of £20,643 (2018 Creditor: £4,801) owed by A C E Dines to whom N J Jarvis is related. |
| 'Other debtors' includes the sum of £2,813 (2018 £205) owed by C E Dines to whom N J Jarvis is related. |
| 'Other creditors' includes the sum of £987 (2018: £40,787) owed to J Jarvis who is the spouse of N J Jarvis. |
| 8. | ULTIMATE CONTROLLING PARTY |
| N J Jarvis is the ultimate controlling party. |