Noralle Traditional Country Homes Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05806357 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

NORALLE TRADITIONAL COUNTRY HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L Goring

C M Sharples

R Wilkes

SECRETARY:

Mrs L Goring

REGISTERED OFFICE:

Brooklands Cottage

Folly Lane

Napton

Southam

Warwickshire

CV47 8NZ

REGISTERED NUMBER:

05806357 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

91,465

59,218

CURRENT ASSETS

Stocks

1,200,263

771,695

Debtors

5

62,404

60,764

Cash at bank and in hand

480,660

675,088

1,743,327

1,507,547

CREDITORS

Amounts falling due within one year

6

591,320

553,055

NET CURRENT ASSETS

1,152,007

954,492

TOTAL ASSETS LESS CURRENT LIABILITIES

1,243,472

1,013,710

CREDITORS

Amounts falling due after more than one year

7

(450,000

)

(447,021

)

PROVISIONS FOR LIABILITIES

(17,378

)

(11,844

)

NET ASSETS

776,094

554,845

CAPITAL AND RESERVES

Called up share capital

816

816

Capital redemption reserve

(99,641

)

(99,641

)

Retained earnings

874,919

653,670

SHAREHOLDERS' FUNDS

776,094

554,845

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 17 November 2017 and were signed on its behalf by:

Mrs L Goring - Director

1.	STATUTORY INFORMATION

Noralle Traditional Country Homes Ltd 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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 10 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

161,706

Additions

76,858

Disposals

(21,205

)

At 31 August 2017

217,359

DEPRECIATION

At 1 September 2016

102,488

Charge for year

44,611

Eliminated on disposal

(21,205

)

At 31 August 2017

125,894

NET BOOK VALUE

At 31 August 2017

91,465

At 31 August 2016

59,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

38,505

29,492

Other debtors

23,899

31,272

62,404

60,764

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

56,692

94,849

Taxation and social security

65,924

104,149

Other creditors

468,704

354,057

591,320

553,055

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

450,000

447,021

8.	RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year, are loans made to the company by B W Alsop (director

resigned 24 June 2016) amounting to £450,000 (2016 £447,021). Interest has been charged on the loans during

the year amounting to £12,764.

Included in other creditors are loans made to the company by P A Alsop amounting to £150,000 (2016

£150,000). Interest has been charged on the loans during the year amounting to £7,270.

Included in other creditors are loans made to the company by J & D Alsop amounting to £200,000 (2016

£200,000). Interest has been charged on the loans during the year amounting to £9,979.

The company operates from premises owned by B W Alsop (director resigned 24 June 2016), rent paid by the

company during the year amounted to £10,080 (2016 £10,080).

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.