Taunton Land Ltd - Limited company - abbreviated - 11.6
Taunton Land Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Taunton Land Ltd |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 April 2015 |
| Taunton Land Ltd (Registered number: 01281309) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 April 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Taunton Land Ltd |
| Company Information |
| for the Year Ended 30 April 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| SOLICITORS: |
| Taunton Land Ltd (Registered number: 01281309) |
| Abbreviated Balance Sheet |
| 30 April 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Share premium |
| Revaluation reserve |
| Capital redemption reserve |
| Profit and loss account |
| 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. |
| Taunton Land Ltd (Registered number: 01281309) |
| Abbreviated Balance Sheet - continued |
| 30 April 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Taunton Land Ltd (Registered number: 01281309) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 April 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company |
| qualifies as a small company. |
| Turnover |
| The turnover shown in the profit and loss account represents rent and services due, exclusive of Value |
| Added Tax. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| An amount equal to the excess of the annual depreciation charge on revalued assets over the notional |
| historical cost depreciation charge on those assets is transferred annually from the revaluation reserve |
| to the profit and loss reserve. |
| Investment property |
| In accordance with SSAP 19, freehold investment properties are revalued annually and the surplus or |
| deficit on revaluation is transferred to the revaluation reserve. No depreciation is charged on these |
| properties and, although this accounting policy represents a departure from the requirements of the |
| Companies Act 2006, it is considered necessary in order to give a true and fair view. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date where transactions or events have occured at that date that will result in an |
| obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: |
| - Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of |
| fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, |
| only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets |
| concerned. However, no provision is made where, on the basis of all available evidence at the balance |
| sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets |
| and charged to tax only where the replacement assets are sold. |
| - Deferred tax assets are recognised only to the extent that the directors consider that it is more likely |
| than not that there will be suitable taxable profits from which the future reversal of the underlying timing |
| differences can be deducted. |
| Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the |
| periods in which timing differences reverse, based on tax rates and laws enacted or substantively |
| enacted at the balance sheet date.balance sheet date. |
| Pension costs |
| The company operates a defined benefit scheme for the directors. Pensions are already in payment |
| from the scheme and since it is sufficiently funded, no costs are charged in these accounts. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual |
| arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument |
| is any contract that evidences a residual interest in the assets of the company after deducting all of its |
| liabilities. |
| Taunton Land Ltd (Registered number: 01281309) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 April 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2014 |
| and 30 April 2015 |
| DEPRECIATION |
| At 1 May 2014 |
| Charge for year |
| At 30 April 2015 |
| NET BOOK VALUE |
| At 30 April 2015 |
| At 30 April 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 May 2014 |
| Additions | 155,200 |
| At 30 April 2015 | 323,382 |
| NET BOOK VALUE |
| At 30 April 2015 |
| At 30 April 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary Shares | 73.33 |
| £ | £ |
| Aggregate capital and reserves | 539,103 | 581,597 |
| (Loss)/profit for the year | (9,841 | ) | 35,106 |
| Taunton Land Ltd (Registered number: 01281309) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 April 2015 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 May 2014 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 30 April 2015 |
| NET BOOK VALUE |
| At 30 April 2015 |
| At 30 April 2014 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2015 | 2014 |
| £ | £ |
| Repayable otherwise than by instalments | 1,875,000 | 2,375,000 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1.00 |