Bert Garrod Limited - Accounts to registrar - small 17.2
Bert Garrod Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 December 2016 |
for |
Bert Garrod Limited |
Bert Garrod Limited (Registered number: 00593292) |
Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Bert Garrod Limited |
Company Information |
for the Year Ended 31 December 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
4 Reading Road |
Pangbourne |
Reading |
Berkshire |
RG8 7LY |
Bert Garrod Limited (Registered number: 00593292) |
Statement of Financial Position |
31 December 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
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. |
Bert Garrod Limited (Registered number: 00593292) |
Statement of Financial Position - continued |
31 December 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 its behalf by: |
Bert Garrod Limited (Registered number: 00593292) |
Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
Bert Garrod Limited is a |
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 |
Represents rents received, excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at the year end valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a fair value reserve. |
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 statement of financial position date. |
Listed investments |
All investments are stated at market value at the balance sheet date. |
Bert Garrod Limited (Registered number: 00593292) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 January 2016 |
and 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
and 31 December 2016 | 352,983 |
PROVISIONS |
At 1 January 2016 | - | 2,950 | 2,950 |
Provision for year | - | (3 | ) | (3 | ) |
At 31 December 2016 | - | 2,947 | 2,947 |
NET BOOK VALUE |
At 31 December 2016 | 350,036 |
At 31 December 2015 | 350,033 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2016 |
and 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
The investment property fair value of £1,300,000 included in the profit for the year was determined by |
N Garrod. |
Bert Garrod Limited (Registered number: 00593292) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
6. | DEBTORS |
2016 | 2015 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Directors' current accounts |
Called up share capital not paid |
Prepayments & accrued Income |
Amounts falling due after more than one year: |
Tax |
Aggregate amounts |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Tax |
Accruals and deferred income |
8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 January 2016 |
and 31 December 2016 |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
As at 31 December 2016 a director of the company owed the company £184,610 (2015 : £129,843). |
During the year he introduced capital totalling £552,293 and made withdrawals totalling £607,060. The |
maximum amount outstanding during the year was £294,236. |
This loan is interest free and has no fixed repayment terms. |
10. | RELATED PARTY DISCLOSURES |
The Director in the note above is N A Garrod. |
11. | FIRST YEAR ADOPTION |
Transitional relief |
On transition to FRS 102, the company has taken advantage of the following transitional relief: |
• | to measure fair value at date of transition to FRS 102 and use as deemed cost on an investment property; |
• | to measure investment in subsidiaries, associates and joint ventures at cost determined in accordance with deemed cost; |