Tudalweb Limited - Accounts to registrar - small 17.2

Tudalweb Limited - Accounts to registrar - small 17.2


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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

TUDALWEB LIMITED

TUDALWEB LIMITED (REGISTERED NUMBER: 01391360)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TUDALWEB LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2017







DIRECTORS: Mrs V J Farquharson
Mrs N J Farrar





REGISTERED OFFICE: 6th Floor
Dean Park House
Dean Park Crescent
Bournemouth
Dorset
BH1 1HP





BUSINESS ADDRESS: Stokes Cottage
14 Old Coastguard Road
Sandbanks
Poole
Dorset
BH13 7RL





REGISTERED NUMBER: 01391360 (England and Wales)






TUDALWEB LIMITED (REGISTERED NUMBER: 01391360)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,393 56,493
Investment property 5 2,670,000 2,700,000
2,719,393 2,756,493

CURRENT ASSETS
Debtors 6 14,748 16,001
Cash at bank 87,441 109,205
102,189 125,206
CREDITORS
Amounts falling due within one year 7 82,053 65,114
NET CURRENT ASSETS 20,136 60,092
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,739,529

2,816,585

CREDITORS
Amounts falling due after more than one year 8 (496,000 ) (556,000 )

PROVISIONS FOR LIABILITIES (309,615 ) (320,231 )
NET ASSETS 1,933,914 1,940,354

CAPITAL AND RESERVES
Called up share capital 3,249 3,249
Share premium 34,780 34,780
Retained earnings 1,895,885 1,902,325
SHAREHOLDERS' FUNDS 1,933,914 1,940,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 22 August 2017 and were signed on its behalf by:





Mrs V J Farquharson - Director


TUDALWEB LIMITED (REGISTERED NUMBER: 01391360)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017

1. STATUTORY INFORMATION

Tudalweb Limited is a private company, limited by shares , registered in England and Wales. 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents property rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 15% on reducing balance
Computer equipment - 33% 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.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are
measured as amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

TUDALWEB LIMITED (REGISTERED NUMBER: 01391360)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

4. TANGIBLE FIXED ASSETS
Furniture
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2016 139,969 3,152 143,121
Additions 1,644 - 1,644
At 31 March 2017 141,613 3,152 144,765
DEPRECIATION
At 1 April 2016 84,003 2,625 86,628
Charge for year 8,569 175 8,744
At 31 March 2017 92,572 2,800 95,372
NET BOOK VALUE
At 31 March 2017 49,041 352 49,393
At 31 March 2016 55,966 527 56,493

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 2,700,000
Revaluations (30,000 )
At 31 March 2017 2,670,000
NET BOOK VALUE
At 31 March 2017 2,670,000
At 31 March 2016 2,700,000

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2017 2,670,000

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 3,729,436 3,729,436

Investment property was valued on an open market basis on 31 March 2017 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 360 2,738
Other debtors 14,388 13,263
14,748 16,001

TUDALWEB LIMITED (REGISTERED NUMBER: 01391360)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 5,566 1,261
Taxation and social security 11,769 5,971
Other creditors 64,718 57,882
82,053 65,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Bank loans 300,000 300,000
Other creditors 196,000 256,000
496,000 556,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 300,000 300,000