Asquith Development Ltd. - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10055558 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Asquith Development Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H S Nuttall

REGISTERED OFFICE:

Longford House

Longford

Market Drayton

Shropshire

TF9 3PW

REGISTERED NUMBER:

10055558 (England and Wales)

ACCOUNTANTS:

Elliot Accountants Limited

3 Waterside Gardens

Shrewsbury

Shropshire

SY3 9AG

FIXED ASSETS

Tangible assets

3

481,399

CURRENT ASSETS

Debtors

4

2,208

Prepayments and accrued income

1,488

Cash at bank

4,059

7,755

CREDITORS

Amounts falling due within one year

5

734

NET CURRENT ASSETS

7,021

TOTAL ASSETS LESS CURRENT LIABILITIES

488,420

CREDITORS

Amounts falling due after more than one year

6

554,912

NET LIABILITIES

(66,492

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

8

(66,592

)

SHAREHOLDERS' FUNDS

(66,492

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 4 December 2017 and were signed by:

H S Nuttall - Director

1.	STATUTORY INFORMATION

Asquith Development 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.

Land and buildings

-

not provided

Plant and machinery etc

-

33% on cost and 20% on cost

3.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

540,168

9,319

549,487

Disposals

(67,488

)

-

(67,488

)

At 31 March 2017

472,680

9,319

481,999

DEPRECIATION

Charge for year

-

600

600

At 31 March 2017

-

600

600

NET BOOK VALUE

At 31 March 2017

472,680

8,719

481,399

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

2,208

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

(603

)

Other creditors

1,337

734

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

554,912

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100

8.

RESERVES

Retained

earnings

£

Deficit for the year

(66,592

)

At 31 March 2017

(66,592

)

9.	RELATED PARTY DISCLOSURES

Hedley Stephen Nuttall is a related party by virtue of his directorship of and shareholding in the company.

Christine Nuttall is a related party by virtue of her shareholding in the company.

Joules Brewery Limited is a related party by virtue of Hedley Stephen Nuttall and Christine Nuttall being

directors of and shareholders in Joules Brewery Limited. During the period Joules Brewery Limited provided the

company with an interest free loan and the balance at the period end was £554,912.

10.	ULTIMATE CONTROLLING PARTY

No one party controls the company.