Thistle Lodges Limited - Accounts to registrar (filleted) - small 17.3

Thistle Lodges Limited - Accounts to registrar (filleted) - small 17.3

THISTLE LODGES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.3.0.1062 04335848 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043358482016-03-31043358482017-03-31043358482016-04-012017-03-31043358482015-03-31043358482015-04-012016-03-31043358482016-03-3104335848ns15:EnglandWales2016-04-012017-03-3104335848ns14:PoundSterling2016-04-012017-03-3104335848ns10:Director12016-04-012017-03-3104335848ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3104335848ns10:SmallEntities2016-04-012017-03-3104335848ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3104335848ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3104335848ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3104335848ns10:FullAccounts2016-04-012017-03-3104335848ns10:Director22016-04-012017-03-3104335848ns10:CompanySecretary12016-04-012017-03-3104335848ns10:RegisteredOffice2016-04-012017-03-3104335848ns5:CurrentFinancialInstruments2017-03-3104335848ns5:CurrentFinancialInstruments2016-03-3104335848ns5:ShareCapital2017-03-3104335848ns5:ShareCapital2016-03-3104335848ns5:RevaluationReserve2017-03-3104335848ns5:RevaluationReserve2016-03-3104335848ns5:RetainedEarningsAccumulatedLosses2017-03-3104335848ns5:RetainedEarningsAccumulatedLosses2016-03-3104335848ns5:PlantMachinery2016-04-012017-03-3104335848ns5:PlantMachinery2016-03-3104335848ns5:PlantMachinery2017-03-3104335848ns5:PlantMachinery2016-03-3104335848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3104335848ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3104335848ns5:RevaluationReserve2016-03-31


REGISTERED NUMBER: 04335848 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2017

FOR

THISTLE LODGES LIMITED
Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY








THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THISTLE LODGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2017







DIRECTORS: Mr A E Collard
Mrs J A Collard





SECRETARY: Mr A E Collard





REGISTERED OFFICE: Monkhouse Hill
Sebergham
Nr. Caldbeck
Cumbria
CA5 7HW





REGISTERED NUMBER: 04335848 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY
Page 1
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

BALANCE SHEET
31ST MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 150 187
Investment property 4 140,000 140,000
140,150 140,187

CURRENT ASSETS
Debtors 5 348 2,551
Cash at bank 940 124
1,288 2,675
CREDITORS
Amounts falling due within one year 6 9,069 6,504
NET CURRENT LIABILITIES (7,781 ) (3,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
132,369
136,358

PROVISIONS FOR LIABILITIES 8,555 9,580
NET ASSETS 123,814 126,778

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 7 70,329 69,304
Retained earnings 23,485 27,474
SHAREHOLDERS' FUNDS 123,814 126,778

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 notes form part of these financial statements

Page 2 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

BALANCE SHEET - continued
31ST MARCH 2017


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 3rd November 2017 and were signed on its behalf
by:





Mr A E Collard - Director


The notes form part of these financial statements

Page 3
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2017


1. STATUTORY INFORMATION

Thistle Lodges 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 net 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.
Plant and machinery etc - 20% 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.

In accordance with SSAP 19, the company's property is held for long-term investment and is included in the
Balance Sheet at its open market value.

This policy represents a departure from statutory accounting principles, which require depreciation to be
provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may
give a true and fair view because current values and changes in current values are of prime importance rather
than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the
valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

Page 4 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2016
and 31st March 2017 2,687
DEPRECIATION
At 1st April 2016 2,500
Charge for year 37
At 31st March 2017 2,537
NET BOOK VALUE
At 31st March 2017 150
At 31st March 2016 187

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2016
and 31st March 2017 140,000
NET BOOK VALUE
At 31st March 2017 140,000
At 31st March 2016 140,000

Fair value at 31st March 2017 is represented by:

£   
Valuation in 2017 140,000

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

31.3.17 31.3.16
£    £   
Cost 61,116 61,116

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other debtors 348 2,551

Page 5 continued...
THISTLE LODGES LIMITED (REGISTERED NUMBER: 04335848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 1,000 1,139
Other creditors 8,069 5,365
9,069 6,504

7. RESERVES
Revaluation
reserve
£   
At 1st April 2016 69,304
Transfer 1,025

At 31st March 2017 70,329

Page 6