Claybourns Garages Limited - Accounts to registrar (filleted) - small 18.2
Claybourns Garages Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Claybourns Garages Limited |
| Unaudited Financial Statements For The Year Ended 31 December 2020 |
| Claybourns Garages Limited (Registered number: 00945329) |
| Contents of the Financial Statements |
| For The Year Ended 31 December 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Claybourns Garages Limited |
| Company Information |
| For The Year Ended 31 December 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Sidings Court |
| Lakeside |
| Doncaster |
| South Yorkshire |
| DN4 5NU |
| Claybourns Garages Limited (Registered number: 00945329) |
| Balance Sheet |
| 31 December 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Investment Revaluation Reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| Claybourns Garages Limited (Registered number: 00945329) |
| Notes to the Financial Statements |
| For The Year Ended 31 December 2020 |
| 1. | STATUTORY INFORMATION |
| Claybourns Garages Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rental income receivable. |
| Tangible fixed assets |
| The company's investment property is shown at fair value. Any movement in the fair value of investment property is shown in the profit and loss account with a transfer to or from the Investment Revaluation Reserve. |
| Taxation |
| Taxation for the year ended 31 December 2020 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 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 (2019 - |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| Investment |
| Property |
| £ |
| COST OR VALUATION |
| At 1 January 2020 |
| and 31 December 2020 |
| NET BOOK VALUE |
| At 31 December 2020 |
| At 31 December 2019 |
| Claybourns Garages Limited (Registered number: 00945329) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2020 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 December 2020 is represented by: |
| Freehold |
| Investment |
| Property |
| £ |
| Cost | 375,000 |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 2020 | 2019 |
| £ | £ |
| Cost | 115,819 | 115,819 |
| Aggregate depreciation | 1,227 | 1,227 |
| The investment property was valued on a multiple of rents basis on 31 December 2016 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 5,000 | 5,000 |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2020 and 31 December 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan was fully repaid after the year end. |
| Claybourns Garages Limited (Registered number: 00945329) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 December 2020 |
| 9. | RELATED PARTY DISCLOSURES |
| In 2019, included in creditors is £6,432 owing to the directors of the company. The loan was interest free with no fixed repayment terms. |