County Property Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05195850 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

County Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R T Canham

Mrs M A F Canham

SECRETARY:

Mrs M A F Canham

REGISTERED OFFICE:

North Luffenham Hall

North Luffenham

Rutland

Leicestershire

LE15 8JR

REGISTERED NUMBER:

05195850 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

CURRENT ASSETS

Debtors

4

-

567,197

Cash at bank

611

864

611

568,061

CREDITORS

Amounts falling due within one year

5

341,698

892,280

NET CURRENT LIABILITIES

(341,087

)

(324,219

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(341,087

)

(324,219

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(342,087

)

(325,219

)

SHAREHOLDERS' FUNDS

(341,087

)

(324,219

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 19 January 2018 and were signed on its
behalf by:

R T Canham - Director

1.	STATUTORY INFORMATION

County Property 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.

This is the first period that the Company has presented its financial statements under Section 1A of

FRS102 issued by the Financial Reporting Council. The last financial statements under the previous

GAAP were for the period ended 30 April 2016 and the date of transition to FRS102 was therefore 1

May 2015. The transition to FRS102 has led to no material restatements.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on 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.

Income recognition

Included within other operating income is the companies share of profit / loss from Conquest Homes

LLP. A Limited liability partnership, which it is a member of. It also receives interest on loans given to

the LLP as it arises.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 May 2016

and 30 April 2017

9,600

5,416

15,016

DEPRECIATION

At 1 May 2016

and 30 April 2017

9,600

5,416

15,016

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Other debtors

-

567,197

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

-

(1

)

Amounts owed to associates

748

Taxation and social security

-

(748

)

Other creditors

340,950

892,281

341,698

892,280

6.	RELATED PARTY DISCLOSURES

As at the year end a balance of £261,281 (2016 £892,281) was due to the directors.

County Property Limited - Accounts to registrar (filleted) - small 17.3

County Property Limited - Accounts to registrar (filleted) - small 17.3