Ashberry Properties (North West) Limited - Accounts to registrar (filleted) - small 18.2
Ashberry Properties (North West) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2021 |
| FOR |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2021 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Balance Sheet | 3 | to | 4 |
| Notes to the Financial Statements | 5 | to | 7 |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 May 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Britannic House |
| 657 Liverpool Road |
| Irlam |
| Manchester |
| Lancashire |
| M44 5XD |
| BANKERS: |
| 53 King Street |
| Manchester |
| M2 4LQ |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 31 May 2021 |
| The directors present their report with the financial statements of the company for the year ended 31 May 2021. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of the letting of residential property. |
| DIRECTORS |
| The directors set out in the table below have held office during the whole of the period from 1 June 2020 to the date of this report. |
| The beneficial interests of the directors holding office at 31 May 2021 in the shares of the company, according to the register of directors' interests, were as follows: |
| 31.5.21 | 1.6.20 |
| Ordinary shares of £1 each |
| 1 | 1 |
| 1 | 1 |
| These directors did not hold any non-beneficial interests in the shares of the company. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| BALANCE SHEET |
| 31 May 2021 |
| 31.5.21 | 31.5.20 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| 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. |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| BALANCE SHEET - continued |
| 31 May 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 Board of Directors and authorised for issue on |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 May 2021 |
| 1. | STATUTORY INFORMATION |
| Ashberry Properties (North West) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| The investment property has been revalued to reflect current fair value at year end |
| 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 |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 May 2021 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2020 |
| Revaluations | 40,000 |
| At 31 May 2021 |
| NET BOOK VALUE |
| At 31 May 2021 |
| At 31 May 2020 |
| Fair value at 31 May 2021 is represented by: |
| £ |
| Valuation in 2021 | 40,000 |
| Valuation in 2020 | 10,000 |
| Valuation in 2017 | 30,000 |
| Valuation in 2016 | 5,000 |
| Valuation in 2015 | 20,626 |
| Cost | 244,374 |
| 350,000 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Bank loans |
| Other creditors |
| ASHBERRY PROPERTIES (NORTH WEST) LIMITED (REGISTERED NUMBER: 08090932) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 May 2021 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.5.21 | 31.5.20 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 99,243 | 105,792 |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 June 2020 |
| Property Revaluation reserve | (32,400 | ) |
| At 31 May 2021 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |