Premier Engineering Co (Scarborough) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02075820 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

PREMIER ENGINEERING CO (SCARBOROUGH)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Pickering Snr

P Pickering

R J Pickering Jnr

SECRETARY:

P Pickering

REGISTERED OFFICE:

34 Falsgrave Road

Scarborough

North Yorkshire

YO12 5AU

REGISTERED NUMBER:

02075820 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Investments

3

11,600

11,600

Investment property

4

968,485

767,435

980,085

779,035

CURRENT ASSETS

Debtors

5

11,000

10,000

Cash at bank

474,538

640,549

485,538

650,549

CREDITORS

Amounts falling due within one year

6

24,685

333,756

NET CURRENT ASSETS

460,853

316,793

TOTAL ASSETS LESS CURRENT LIABILITIES

1,440,938

1,095,828

CAPITAL AND RESERVES

Called up share capital

300

200

Retained earnings

1,440,638

1,095,628

SHAREHOLDERS' FUNDS

1,440,938

1,095,828

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 March 2018 and were signed on its behalf by:

R J Pickering Snr - Director

R J Pickering Jnr - Director

1.	STATUTORY INFORMATION

Premier Engineering Co (Scarborough) 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.

Turnover

Turnover represents rents received.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2017

and 31 December 2017

11,600

NET BOOK VALUE

At 31 December 2017

11,600

At 31 December 2016

11,600

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

767,435

Additions

201,050

At 31 December 2017

968,485

NET BOOK VALUE

At 31 December 2017

968,485

At 31 December 2016

767,435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

11,000

10,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed to group undertakings

11,846

316,123

Taxation and social security

11,594

15,226

Other creditors

1,245

2,407

24,685

333,756