Taylorhobbs Properties Limited - Accounts to registrar (filleted) - small 17.3

Taylorhobbs Properties Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 09578519 (England and Wales)















Unaudited Financial Statements

for the Period 1 June 2016 to 30 September 2017

for

Taylorhobbs Properties Limited

Taylorhobbs Properties Limited (Registered number: 09578519)






Contents of the Financial Statements
for the Period 1 June 2016 to 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taylorhobbs Properties Limited

Company Information
for the Period 1 June 2016 to 30 September 2017







DIRECTORS: Mrs T Hobbs
Miss S L Taylor





REGISTERED OFFICE: Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL





REGISTERED NUMBER: 09578519 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

Taylorhobbs Properties Limited (Registered number: 09578519)

Balance Sheet
30 September 2017

30.9.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 239,650 239,650

CURRENT ASSETS
Debtors 4 1,801 922
Cash at bank 530 730
2,331 1,652
CREDITORS
Amounts falling due within one year 5 121,575 115,003
NET CURRENT LIABILITIES (119,244 ) (113,351 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,406

126,299

CREDITORS
Amounts falling due after more than one
year

6

118,817

128,129
NET ASSETS/(LIABILITIES) 1,589 (1,830 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,587 (1,832 )
SHAREHOLDERS' FUNDS 1,589 (1,830 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

Taylorhobbs Properties Limited (Registered number: 09578519)

Balance Sheet - continued
30 September 2017


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 5 April 2018 and were signed on its behalf by:




Mrs T Hobbs - Director



Miss S L Taylor - Director


Taylorhobbs Properties Limited (Registered number: 09578519)

Notes to the Financial Statements
for the Period 1 June 2016 to 30 September 2017

1. STATUTORY INFORMATION

Taylorhobbs Properties 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 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.

Taxation
Taxation for the period 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 period 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. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 June 2016
and 30 September 2017 239,650
NET BOOK VALUE
At 30 September 2017 239,650
At 31 May 2016 239,650

Taylorhobbs Properties Limited (Registered number: 09578519)

Notes to the Financial Statements - continued
for the Period 1 June 2016 to 30 September 2017

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 31.5.16
£    £   
Trade debtors 871 315
Other debtors 930 607
1,801 922

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 31.5.16
£    £   
Bank loans and overdrafts 7,074 6,615
Taxation and social security 383 -
Other creditors 114,118 108,388
121,575 115,003

Included in Other Creditors is an amount of £12,529 (2016 - £35,054) due to Taylorhobbs Limited. This is an
unsecured loan and the amount is repayable within five years. Interest on the outstanding loan is payable and is
charged on the loan at 2% above the bank base rate.


Bank loans and overdrafts consists of a bank loan from Santander. This loan is secured against the freehold
property. This loan is repayable within 15 years.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.17 31.5.16
£    £   
Bank loans 118,817 128,129

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,566 97,961

Creditors due in more than one year consists of a bank loan from Santander. This loan is secured against the
freehold property. This loan is repayable within 15 years.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 30 September 2017 and
31 May 2016:

30.9.17 31.5.16
£    £   
Mrs T Hobbs
Balance outstanding at start of period (7,694 ) -
Amounts advanced 3,079 (7,694 )
Amounts repaid (16,279 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (20,894 ) (7,694 )

Taylorhobbs Properties Limited (Registered number: 09578519)

Notes to the Financial Statements - continued
for the Period 1 June 2016 to 30 September 2017

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Miss S L Taylor
Balance outstanding at start of period (64,579 ) -
Amounts advanced 66 (64,579 )
Amounts repaid (15,898 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (80,411 ) (64,579 )

8. RELATED PARTY TRANSACTIONS

Taylorhobbs Limited, a Company owned by the same Directors, paid £5,600 (2016 - £2,100) during the period
for the letting of the Company premises.


During the year Taylorhobbs Limited loaned the Company £12,529 (2016 - £35,054). This amount is repayable
within five years, with interest charged at a rate of 2% above the bank base rate.