Cleveland Tontine Limited - Period Ending 2020-07-31

Cleveland Tontine Limited - Period Ending 2020-07-31


Cleveland Tontine Limited 01278349 true 2019-08-01 2020-07-31 2020-07-31 The principal activity of the company is The principal activity of the company during the year was that of restaurant and hotel management. Digita Accounts Production Advanced 6.26.9041.0 true Mrs A R Tompkins Mr A C Tompkins Mrs S Sheppard 01278349 2019-08-01 2020-07-31 01278349 2020-07-31 01278349 2 2020-07-31 01278349 core:RetainedEarningsAccumulatedLosses 2020-07-31 01278349 core:ShareCapital 2020-07-31 01278349 core:CurrentFinancialInstruments 2020-07-31 01278349 core:CurrentFinancialInstruments core:WithinOneYear 2020-07-31 01278349 bus:FRS102 2019-08-01 2020-07-31 01278349 bus:AuditExempt-NoAccountantsReport 2019-08-01 2020-07-31 01278349 bus:FullAccounts 2019-08-01 2020-07-31 01278349 bus:RegisteredOffice 2019-08-01 2020-07-31 01278349 bus:Director1 2019-08-01 2020-07-31 01278349 bus:Director2 2019-08-01 2020-07-31 01278349 bus:Director5 2019-08-01 2020-07-31 01278349 bus:EntityNoLongerTradingButTradedInPast 2019-08-01 2020-07-31 01278349 bus:PrivateLimitedCompanyLtd 2019-08-01 2020-07-31 01278349 countries:AllCountries 2019-08-01 2020-07-31 01278349 2018-08-01 2019-07-31 01278349 2019-07-31 01278349 2 2019-07-31 01278349 core:RetainedEarningsAccumulatedLosses 2019-07-31 01278349 core:ShareCapital 2019-07-31 01278349 core:CurrentFinancialInstruments 2019-07-31 01278349 core:CurrentFinancialInstruments core:WithinOneYear 2019-07-31 iso4217:GBP xbrli:pure

Registration number: 01278349

Cleveland Tontine Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2020

 

Cleveland Tontine Limited

Contents

Directors' Report

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Cleveland Tontine Limited

Directors' Report for the Year Ended 31 July 2020

The directors present their report and the financial statements for the year ended 31 July 2020.

Directors of the company

The directors who held office during the year were as follows:

Mrs A R Tompkins

Mr A C Tompkins

Mrs S Sheppard

Small companies' provision statement

This report has been prepared in accordance with the small companies' regime under the Companies Act 2006.

Approved by the Board on 30 April 2021 and signed on its behalf by:

.........................................
Mr A C Tompkins
Director

   
     
 

Cleveland Tontine Limited

(Registration number: 01278349)
Statement of Financial Position as at 31 July 2020

Note

2020
£

2019
£

Current assets

 

Debtors

4

211,076

211,076

Creditors: Amounts falling due within one year

5

(3,348,816)

(3,348,816)

Net liabilities

 

(3,137,740)

(3,137,740)

Capital and reserves

 

Called up share capital

96

96

Profit and loss account

(3,137,836)

(3,137,836)

Total equity

 

(3,137,740)

(3,137,740)

For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 30 April 2021 and signed on its behalf by:
 

.........................................
Mr A C Tompkins
Director

   
     
 

Cleveland Tontine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is Beaumont House, Beaumont Street, Darlington, County Durham, DL1 5RW.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in sterling which is the functional currency of the entity.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Cleveland Tontine Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020 (continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2019 - 0).

4

Debtors

2020
£

2019
£

Other debtors

168,021

168,021

Corporation tax asset

43,055

43,055

211,076

211,076

5

Creditors

2020
£

2019
£

Due within one year

Trade creditors

1,119,827

1,119,827

Other creditors

2,188,307

2,188,307

Directors loan accounts

40,682

40,682

3,348,816

3,348,816