Callcott Holdings Limited - Accounts to registrar - small 17.2
Callcott Holdings Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| CALLCOTT HOLDINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2017 |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CALLCOTT HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 7 |
| 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. |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| BALANCE SHEET - continued |
| 31 MARCH 2017 |
| 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 behalf by: |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Callcott Holdings 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 |
| Changes in accounting policies |
| As from 01/04/2016, the company has provided depreciation at 2% straight line on the cost/valuation |
| (as applicable)of freehold property and improvements there to. |
| Turnover |
| Turnover represents rent receivable. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Fixtures and fittings | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| 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. |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Debtors |
| Trade and other debtors are measured at transaction price less any impairment unless the |
| arrangement constitutes a financing transaction in which case the transaction is measured at the |
| present value of the future receipts discounted at the prevailing market rate of interest . Loans are |
| initially measured at fair value and are subsequently measured at amortised cost using the effective |
| interest method less any impairment. |
| Creditors |
| Trade and other creditors are measured at their transaction price unless the arrangement constitutes a |
| financing transaction in which case the transaction is measured at present value of future payments |
| discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair |
| value net of their transaction costs. They are subsequently measured at amortised cost using the |
| effective interest method. |
| Cash at bank |
| Cash at bank in the balance sheet comprise cash at banks and in hand and short term deposits with |
| an original maturity date of three months or less. |
| Significant judgements and estimates |
| The preparation of financial statements requires management to make judgements, estimates and |
| assumptions about the carrying values of assets and liabilities that are not readily apparent from other |
| sources. The estimates and underlying assumptions are based on historical experience and other |
| factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to |
| accounting estimates are recognised in the period in which the estimate is revised if the revision |
| affects only that period, or in the period of the revision and future periods if the revision affects both |
| current and future periods. The estimates and assumptions that have the most significant effects on |
| the carrying amounts of the assets and liabilities in the financial statements are the distinction between |
| revenue and capital expenditure in respect of maintaining and refurbishing properties and the valuation |
| of properties having regard to market conditions and any impairments to individual properties. |
| 3. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | and |
| property | property | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 3. | TANGIBLE FIXED ASSETS - continued |
| Freehold properties were valued by the directors on open market basis as at 31 March 2003. |
| Cost or valuation at 31 March 2017 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 1991 | 1,313,336 | - | 1,313,336 |
| Valuation in 2003 | 1,947,600 | - | 1,947,600 |
| Cost | 149,700 | 661,462 | 811,162 |
| 3,410,636 | 661,462 | 4,072,098 |
| 4. | FIXED ASSET INVESTMENTS |
| As at 31 March 2017 the net assets of Rayner Estates and Investments Ltd were £1,218,171 (2016 |
| £1,158,562). |
| 5. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Prepayments |
| Amounts falling due after more than one year: |
| Tax |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| Directors' current accounts | 102,657 | 101,861 |
| Accrued expenses |
| 7. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2016 |
| and 31 March 2017 |
| CALLCOTT HOLDINGS LIMITED (REGISTERED NUMBER: 00792385) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 8. | TRANSACTIONS WITH DIRECTORS |
| As at 31 March 2017, the company owed £85,441 to D.I.Brasier (2016 £85,441) and £17,216 (2016 |
| £16,420) to M.A.Brasier. |