Southdowns Village Limited - Limited company accounts 16.3
Southdowns Village Limited - Limited company accounts 16.3
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| Southdowns Village Limited |
| Southdowns Village Limited (Registered number: 02566997) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Southdowns Village Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANT: |
| Suite 1 |
| Alban House |
| 22A The Common |
| Hatfield |
| Hertfordshire |
| AL10 0ND |
| Southdowns Village Limited (Registered number: 02566997) |
| Report of the Directors |
| for the Year Ended 31 March 2017 |
| The directors present their report with the financial statements of the company for the year ended 31 March 2017. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| Southdowns Village Limited (Registered number: 02566997) |
| Income Statement |
| for the Year Ended 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| (10,222 | ) | (13,923 | ) |
| Other operating income |
| OPERATING PROFIT |
| Interest receivable and similar income |
| 132,787 | 159,321 |
| Interest payable and similar expenses | ( |
) | ( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit |
| PROFIT FOR THE FINANCIAL YEAR |
| Southdowns Village Limited (Registered number: 02566997) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| 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. |
| The financial statements were approved by the Board of Directors on by: |
| Southdowns Village Limited (Registered number: 02566997) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Southdowns Village 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Freehold property | - |
| 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. |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Southdowns Village Limited (Registered number: 02566997) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 4. | EXCEPTIONAL ITEMS |
| 2017 | 2016 |
| £ | £ |
| Exceptional items |
| Profit on grant of long leaseholds |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST OR VALUATION |
| At 1 April 2016 |
| Disposals | ( |
) |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Cost or valuation at 31 March 2017 is represented by: |
| Land and |
| buildings |
| £ |
| Valuation in 1997 | 762,371 |
| Cost | 942,344 |
| 1,704,715 |
| 6. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2017 | 2016 |
| £ | £ |
| Property-shared equity | 43,070 | 43,070 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Southdowns Village Limited (Registered number: 02566997) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Licensee deposits |
| Trade creditors |
| Taxation and social security |
| Other creditors |