Cotswold Edge Beckford Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04297431 (England and Wales)

Cotswold Edge Beckford Limited

Unaudited Financial Statements for the Year Ended 31 October 2017

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

A D Small

Mrs K A Small

REGISTERED OFFICE:

c/o Maxwells

4 King Square

BRIDGWATER

Somerset

TA6 3YF

REGISTERED NUMBER:

04297431 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

National Westminster Bank plc

Bristol City Office

PO Box No 238

32 Corn Street

Bristol

BS99 7UG

FIXED ASSETS

Tangible assets

5

402,938

400,698

CURRENT ASSETS

Debtors

222

-

Cash at bank

9,376

10,913

9,598

10,913

CREDITORS

Amounts falling due within one year

285,578

285,839

NET CURRENT LIABILITIES

(275,980

)

(274,926

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,958

125,772

CAPITAL AND RESERVES

Called up share capital

130

130

Revaluation reserve

6

61,425

61,425

Retained earnings

65,403

64,217

SHAREHOLDERS' FUNDS

126,958

125,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 October 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 January 2018 and were signed on its behalf by:

A D Small - Director

1.	STATUTORY INFORMATION

Cotswold Edge Beckford 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

-

33% on cost and 25% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Investment property

Investment property is included at fair value. Gains and losses are recognised in the income statement.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 November 2016

412,550

Additions

3,223

At 31 October 2017

415,773

DEPRECIATION

At 1 November 2016

11,852

Charge for year

983

At 31 October 2017

12,835

NET BOOK VALUE

At 31 October 2017

402,938

At 31 October 2016

400,698

Cost or valuation at 31 October 2017 is represented by:

Totals

£

Valuation in 2017

400,000

Cost

15,773

415,773

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

31.10.17

31.10.16

£

£

Cost

399,001

399,001

Value of land in freehold land and buildings

166,600

166,600

Freehold land and buildings were valued on an open market basis on 31 October 2017 by the Directors .

6.

RESERVES

Revaluation

reserve

£

At 1 November 2016

and 31 October 2017

61,425

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A D Small and Mrs K A Small.

The company was controlled by the above directors by virtue of the fact that they own the majority of the

company's issued share capital.