Accounts

Accounts

TILSDEN GREEN LIMITED - Company Information

Print Friendly Version

2014-02-01 false false 03240770 2015-01-31 03240770 2014-02-01 2015-01-31 03240770 2014-01-31 03240770 2013-02-01 2014-01-31 03240770 uk-bus:Director1 2014-02-01 2015-01-31 03240770 uk-gaap:InvestmentProperties 2014-02-01 2015-01-31 03240770 uk-gaap:LandBuildings 2014-02-01 2015-01-31 03240770 uk-gaap:LandBuildings uk-gaap:ShortLeaseholdProperties 2014-02-01 2015-01-31 03240770 uk-gaap:Vehicles 2014-02-01 2015-01-31 03240770 uk-gaap:FixturesFittings 2014-02-01 2015-01-31 03240770 uk-gaap:ToolsEquipment 2014-02-01 2015-01-31 03240770 uk-bus:OrdinaryShareClass1 2015-01-31 03240770 uk-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 03240770 uk-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP xbrli:shares
         
  TILSDEN GREEN LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 JANUARY 2015
         
         
         
         
         
         
         
         
         
  Company's registered number: 03240770
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  TILSDEN GREEN LIMITED
  Company registered number: 03240770
  ABBREVIATED BALANCE SHEET
  AT 31 January 2015
 
           
    Note 2015 2014
      £ £ £
  FIXED ASSETS
  Intangible assets 2 104,175 127,872
  Tangible Assets 3 505,662 499,010
      609,837 626,882
         
  CURRENT ASSETS
  Stock 1d 9,555 9,528
  Debtors falling due within one year   28,615 29,797
  Debtors falling due after more than one year   72,002 68,951
  Cash at bank and in hand   19,287 9,154
      129,459 117,430
  CREDITORS: Amounts falling due within one year   (182,128) (191,018)
  NET CURRENT LIABILITIES   (52,669) (73,588)
  NET ASSETS   £557,168 £553,294
       
  CAPITAL AND RESERVES
  Called up share capital 5 100 100
  Revaluation reserve , 6 (61,474) (71,474)
  Profit and loss account   618,542 624,668
  SHAREHOLDERS' FUNDS   £557,168 £553,294
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
         
  For the year ended 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies and the members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
         
  The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 19 June 2015
 
 
         
  ......................................................................
  M P Lye, Director
   
  The notes on pages 2 to 5 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 JANUARY 2015
 
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
       
       
1b. Intangible fixed assets
       
  Purchased goodwill is capitalised and amortised at an annual rate of 5%. Self generated goodwill is not capitalised.
         
         
1c. Tangible fixed assets
         
  Investment properties
  Investment properties are revalued annually at their open market value in accordance with the Financial Reporting Standard for Smaller Entities. The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit reduces the property below its historical cost and that diminition in value is considered permanent, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties. This is a departure from the requirements of the Companies Act 2006. These properties are held primarily for their investment potential and so in the opinion of the directors their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provision of the Financial Reporting Standard for Smaller Entities has therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made the result for the year would have been reduced by depreciation.

The amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified.
         
  The following fixed assets are shown at historical cost. Depreciation is provided at the following annual rates in order to write each asset down to its estimated residual value over its expected useful life.
         
  Freehold buildings Straight line 1%    
  Leasehold properties Straight line 33%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 25%    
  Equipment Reducing balance 25%    
       
       
1d. Stocks
       
  Stocks are stated at the lower of cost and net realisable value. Cost is determined on a first in first out basis and includes the cost incurred in bringing each product to its present location and condition. Net realisable value represents the estimated selling price less costs likely to be incurred to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
  page 2
  TILSDEN GREEN LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2015
 
       
 
1. ACCOUNTING POLICIES (CONT.)
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate. The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
       
 
       
       
1f. Pensions
       
  The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in the year.
       
       
1g. Turnover
       
  Turnover represents the value of goods and services sold excluding VAT and trade discounts. Turnover is recognised when the goods are supplied to the customer.
       
       
2. INTANGIBLE FIXED ASSETS 2015 2014
    £ £
  Cost
       
  At 1 February 2014 473,951 473,951
  At 31 January 2015 473,951 473,951
  Depreciation
       
  At 1 February 2014 346,079 322,381
  For the year 23,697 23,698
  At 31 January 2015 369,776 346,079
   
  Net Book Amounts
       
  At 31 January 2015 £104,175 £127,872
   
  page 3
  TILSDEN GREEN LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2015
 
       
       
3. TANGIBLE FIXED ASSETS 2015 2014
    £ £
  Cost
       
  At 1 February 2014 824,092 819,916
  Additions 10,758 4,176
  Surplus on revaluation 10,000 -
  At 31 January 2015 844,850 824,092
   
  Depreciation
       
  At 1 February 2014 325,082 309,810
  For the year 14,106 15,272
  At 31 January 2015 339,188 325,082
   
  Net Book Amounts
       
  At 31 January 2015 £505,662 £499,010
   
         
         
  Investment Properties
         
  Included in freehold land and buildings is £250,000 representing the market value of investment properties. In accordance with the accounting policy laid out in note 1 and the Financial Reporting Standard for Smaller Entities these are shown at their valuation and are not depreciated. The historical cost of these properties is £311,474 and the £(61,474) difference between this and their valuation is included in the revaluation reserve (note ).
       
       
4. CREDITORS
    2015 2014
    £ £
  Creditors include the following amounts of secured liabilities:
       
  Due within one year 44,701 40,641
   
       
       
5. CALLED UP SHARE CAPITAL 2015 2014
    £ £
  Allotted and issued:
       
  100 Ordinary shares of £1 each 100 100
   
  There are 100 allotted and issued shares that are unpaid (2014: 100).
       
  page 4
  TILSDEN GREEN LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 JANUARY 2015
 
       
       
6. REVALUATION RESERVE 2015 2014
    £ £
  Investment properties
       
  At 1 February 2014 (71,474) (71,474)
  Surplus on revaluation 10,000 -
  At 31 January 2015 (61,474) (71,474)
   
  page 5