CREEKSIDE DEVELOPMENTS (FAVERSHAM) LIMIT - Accounts to registrar (filleted) - small 18.2
CREEKSIDE DEVELOPMENTS (FAVERSHAM) LIMIT - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 June 2021 |
| for |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED |
| Company Information |
| for the Year Ended 30 June 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 19 Victoria Terrace |
| Hove |
| East Sussex |
| BN3 2WB |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Balance Sheet |
| 30 June 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Balance Sheet - continued |
| 30 June 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2021 |
| 1. | STATUTORY INFORMATION |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going Concern |
| The company's day to day working capital is met through loan account with related parties and the director. These businesses have given their undertaking not to draw down on the loans to the detriment of the company and the director therefore considers it appropriate to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2020 |
| and 30 June 2021 |
| DEPRECIATION |
| At 1 July 2020 |
| Charge for year |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 July 2020 |
| and 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| CREEKSIDE DEVELOPMENTS (FAVERSHAM) |
| LIMITED (Registered number: 10514687) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other creditors |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | £ | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company received loans from other companies controlled by Mr M S White, the sole director of the company. During the year the following amounts were advanced and were owed to those companies and the director personally at the year-end. |
| The loans are interest free and repayable on demand. |
| Kent Properties Limited - £1,440,659 (2020: £946,616) |
| Quayside Properties (Faversham) Limited - £525,551 (2020: £565,491) |
| Mr M S White - £389,900 (2020: £369,900) |
| MSW Leasing- £245,000 (2020: £245,360) |
| Red Lion Partnership £160,000 (2020: £160,000) |
| Faversham Furniture Barn £60,000 (2020: £60,000) |
| Joshua White £65,000 (2020: £65,000) |
| Standard Quay Tearoom £79,933 (2020: £79,975) |
| Creekside 2020 Ltd £4,982 (2020: £3,754) |
| Nova Kent Ltd £570,000 (2020: £200) owed from. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is M S White. |