ST. PETER'S DEVELOPMENT TORBAY LIMITED

ST. PETER'S DEVELOPMENT TORBAY LIMITED

ST. PETER'S DEVELOPMENT TORBAY LIMITED - Company Information

Print Friendly Version

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Company Registration Number:
02950224 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2020

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2020

Balance sheet
Notes

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Balance sheet

As at 31 October 2020


Notes
2020
2019


£
£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 14,220 18,960
Total fixed assets: 14,220 18,960
Current assets
Stocks: 425,000 837,000
Debtors:   15,579 15,974
Cash at bank and in hand: 385,111 7,710
Total current assets: 825,690 860,684
Net current assets (liabilities): 825,690 860,684
Total assets less current liabilities: 839,910 879,644
Creditors: amounts falling due after more than one year:   (680,678) (698,898)
Provision for liabilities: (5,103) (25,102)
Total net assets (liabilities): 154,129 155,644
Capital and reserves
Called up share capital: 70 70
Profit and loss account: 154,059 155,574
Shareholders funds: 154,129 155,644

The notes form part of these financial statements

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Balance sheet statements

For the year ending 31 October 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 May 2021
and signed on behalf of the board by:

Name: S A Procter
Status: Director

The notes form part of these financial statements

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is stated excluding VAT

Tangible fixed assets and depreciation policy

Equipment. Depreciation is calculated on the reducing balance method which aims to write down the cost of the assets over their normal expected lives and is provided at the rate of 25 per cent on plant and equipment.

Valuation and information policy

Stock and work in progress are valued at the lower of cost and net realisable value and after making due allowance for obsolete and slow moving items.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

The only employees are directors and no remuneration was paid.

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

3. Tangible Assets

Total
Cost £
At 01 November 2019 100,743
At 31 October 2020 100,743
Depreciation
At 01 November 2019 81,783
Charge for year 4,740
At 31 October 2020 86,523
Net book value
At 31 October 2020 14,220
At 31 October 2019 18,960

ST. PETER'S DEVELOPMENT TORBAY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

4. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: The Transaction was a loan to the company
£
Balance at 01 November 2019 809
Balance at 31 October 2020 1,705