Yaxley Hall Limited - Accounts to registrar - small 17.2
Yaxley Hall Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2016 |
| FOR |
| YAXLEY HALL LIMITED |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31st December 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| YAXLEY HALL LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31st December 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Crane Court |
| 302 London Road |
| Ipswich |
| Suffolk |
| IP2 0AJ |
| BANKERS: |
| 440 Strand |
| London |
| WC2R 0QS |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| STATEMENT OF FINANCIAL POSITION |
| 31st December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31st 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 director on |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31st December 2016 |
| 1. | STATUTORY INFORMATION |
| Yaxley Hall 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 |
| Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales |
| taxes and net of VAT. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Paintings | - |
| Depreciation is not provided for on paintings and antiques included within fixtures and fittings, as it is |
| considered that the value of these assets does not diminish. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of |
| financial assets and liabilities like trade and other accounts receivable and payable and loans with |
| related parties. |
| Debt instruments that are payable or receivable within one year, such as trade payables or receivables, |
| are measured at the undiscounted amount of the cash or other consideration expected to be paid or |
| received. Debt instruments that are repayable or receivable after one year are initially measured at the |
| present value of the future cash flows and subsequently at amortised cost using the effective interest |
| method. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each financial |
| year for evidence of impairment. If objective evidence of impairment is found an impairment loss is |
| recognised in the Income Statement. |
| 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. |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st December 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the statement of financial position 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period |
| of the lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and |
| property | fittings | Paintings | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st January 2016 |
| and 31st December 2016 |
| DEPRECIATION |
| At 1st January 2016 |
| Charge for year |
| At 31st December 2016 |
| NET BOOK VALUE |
| At 31st December 2016 |
| At 31st December 2015 |
| YAXLEY HALL LIMITED (REGISTERED NUMBER: 04497882) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st December 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Other debtors | - | 50 |
| Directors' current accounts | - | 10,000 |
| Tax |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Tax |
| Credit card | 91 | 24 |
| Accrued expenses |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Bank loans |
| 8. | ULTIMATE CONTROLLING PARTY |
| The Director Mr D C D Richards owns 100% of the issued share capital and therefore has overall control. |