Delcrede Limited - Accounts to registrar - small 16.3
Delcrede Limited - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2016 |
| for |
| Delcrede Limited |
| Delcrede Limited (Registered number: 04451473) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Delcrede Limited |
| Company Information |
| for the Year Ended 31 May 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2 Foxglove Close |
| Buckingham |
| MK18 1FU |
| Delcrede Limited (Registered number: 04451473) |
| Balance Sheet |
| 31 May 2016 |
| 31.5.16 | 31.5.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| 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 | 8 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| 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. |
| Delcrede Limited (Registered number: 04451473) |
| Balance Sheet - continued |
| 31 May 2016 |
| 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 on signed on its behalf by: |
| Delcrede Limited (Registered number: 04451473) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2016 |
| 1. | STATUTORY INFORMATION |
| Delcrede Limited is a |
| The company's registered number and registered office address can be found on the |
| Company Information page. |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - | 15% on reducing balance |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit |
| arising from changes in fair value is recognised in profit or loss. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. Deferred tax is recognised on revaluation gains on the |
| investment properties at the rate expected to apply when the properties are sold. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Delcrede Limited (Registered number: 04451473) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| The investment properties have been valued by the directors at fair market value based on |
| the value of similar properties in the locality. If they had not been revalued they would have |
| been included at a historical cost of £519,067. |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2015 |
| Revaluations | 158,933 |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| Cost or valuation at 31 May 2016 is represented by: |
| £ |
| Valuation in 2016 | 158,933 |
| Cost | 519,067 |
| 678,000 |
| Delcrede Limited (Registered number: 04451473) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2016 |
| 5. | INVESTMENT PROPERTY - continued |
| If the investment properties had not been revalued they would have been included at the |
| following historical cost: |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Cost | 519,067 | - |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 31.5.16 | 31.5.15 |
| £ | £ |
| Deferred tax | 31,800 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 31 May 2016 |
| Delcrede Limited (Registered number: 04451473) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2016 |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 June 2015 | 134,123 |
| Profit for the year |
| Value adjustment on investment |
| properties transferred to fair |
| value reserve | (158,933 | ) | 158,933 | - |
| At 31 May 2016 | 272,414 |