Plas Tanat Estate Limited - Accounts to registrar (filleted) - small 18.2
Plas Tanat Estate Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2021 |
| FOR |
| PLAS TANAT ESTATE LIMITED |
| PLAS TANAT ESTATE LIMITED (REGISTERED NUMBER: 10858506) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PLAS TANAT ESTATE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 July 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Bank Gallery |
| High Street |
| Kenilworth |
| Warwickshire |
| CV8 1LY |
| PLAS TANAT ESTATE LIMITED (REGISTERED NUMBER: 10858506) |
| BALANCE SHEET |
| 31 July 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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 |
| PLAS TANAT ESTATE LIMITED (REGISTERED NUMBER: 10858506) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 July 2021 |
| 1. | STATUTORY INFORMATION |
| Plas Tanat Estate Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| Going concern |
| The financial statements are prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future, due to the continued support of the directors. |
| The directors have considered the impact of the Coronavirus pandemic on the company. On 11 March 2020, the World Health Organisation declared Coronavirus as a global pandemic. The UK entered 'lock down' on 23 March 2020, at which point the possibility of holiday lets became untenable and any future bookings were cancelled. Following this initial 'lock down' the country has continually been in and out of 'lock down' during this current period, making it difficult to confirm bookings and allow the business to trade as planned. However, although the full implications on the company are still unclear at the date of signing these financial statements as the ongoing implications of Covid-19 are uncertain, the directors have assessed the information available and conclude that the going concern basis of preparing the financial statements remains appropriate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2020 - NIL). |
| PLAS TANAT ESTATE LIMITED (REGISTERED NUMBER: 10858506) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 July 2021 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2020 |
| Additions |
| At 31 July 2021 |
| DEPRECIATION |
| At 1 August 2020 |
| Charge for year |
| At 31 July 2021 |
| NET BOOK VALUE |
| At 31 July 2021 |
| At 31 July 2020 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other creditors |
| 6. | RELATED PARTY DISCLOSURES |
| At 31 July 2021 other creditors included loans made to the company by the directors of £797,244 (2020 £795,679. The loans were interest free and had no fixed date for repayment. |
| 7. | ULTIMATE CONTROLLING PARTY |
| The controlling party is the shareholders Miss E Warlow, Mr G Warlow and Mr O Warlow. |