Findley & Son (Cooden) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06549106 (England and Wales)

FINDLEY & SON (COODEN) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

K B Findley

Mrs M E Findley

SECRETARY:

K B Findley

REGISTERED OFFICE:

73 Collington Avenue

Bexhill-on-Sea

East Sussex

TN39 3RS

REGISTERED NUMBER:

06549106 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Investment property

4

140,000

140,000

CREDITORS

Amounts falling due within one year

5

1,971

2,072

NET CURRENT LIABILITIES

(1,971

)

(2,072

)

TOTAL ASSETS LESS CURRENT LIABILITIES

138,029

137,928

PROVISIONS FOR LIABILITIES

8,168

8,168

NET ASSETS

129,861

129,760

CAPITAL AND RESERVES

Called up share capital

6

100

100

Fair value reserve

7

61,708

61,708

Retained earnings

68,053

67,952

SHAREHOLDERS' FUNDS

129,861

129,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 5th December 2021 and were signed on its behalf by:

K B Findley - Director

1.	STATUTORY INFORMATION

Findley & Son (Cooden) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 NIL (2020 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2020

and 31st March 2021

140,000

NET BOOK VALUE

At 31st March 2021

140,000

At 31st March 2020

140,000

Fair value at 31st March 2021 is represented by:

£

Valuation in 2020

65,377

Cost

74,623

140,000

If the investment property had not been revalued it would have been included at the following historical cost:

2021

2020

£

£

Cost

74,623

74,623

Investment property was valued on an open market basis basis on 31st March 2021 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

1,431

1,343

Other creditors

540

729

1,971

2,072

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

7.

RESERVES

Fair

value

reserve

£

At 1st April 2020

and 31st March 2021

61,708