Filsons Limited 30/06/2020 iXBRL
Filsons Limited 30/06/2020 iXBRL
Company registration number:
04456172
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Statement of financial position
30 June 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 March 2021
, and are signed on behalf of the board by:
Director
Company registration number:
04456172
Notes to the financial statements
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 The Drive, Rickmansworth, Hertfordshire, WD3 4EA.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
Turnover
Turnover represents the total of rent received and receivable during the year.
Taxation
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property | - | no depreciation | ||
Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
Freehold property | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 July 2019 |
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Disposals | - | - |
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At 30 June 2020 |
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Depreciation | |||||
At 1 July 2019 | - |
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Disposals | - | - |
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At 30 June 2020 | - |
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Carrying amount | |||||
At 30 June 2020 |
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At 30 June 2019 |
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Investment property
Included within the above is investment property measured at fair value as follows:
£ | ||
At 1 July 2019 and 30 June 2020 |
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5.
Debtors
2020 | 2019 | |||
£ | £ | |||
Other debtors |
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6.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Other creditors |
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7.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2020 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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2019 | ||||
Balance brought forward | Amounts repaid | Balance o/standing | ||
£ | £ | £ | ||
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