| Holgate's Properties Limited |
| Registered number: |
00563561 |
| Balance Sheet |
| at 31 March 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
161,074 |
|
|
161,106 |
|
| Current assets |
| Debtors |
3 |
|
6,652 |
|
|
25,527 |
| Cash at bank and in hand |
|
|
89,865 |
|
|
87,673 |
|
|
|
96,517 |
|
|
113,200 |
|
| Creditors: amounts falling due within one year |
4 |
|
(33,741) |
|
|
(34,935) |
|
| Net current assets |
|
|
|
62,776 |
|
|
78,265 |
|
| Net assets |
|
|
|
223,850 |
|
|
239,371 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
223,750 |
|
|
239,271 |
|
| Shareholders' funds |
|
|
|
223,850 |
|
|
239,371 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Eric Frank Holgate |
| Director |
| The financial statements were approved by the board of directors on 1 June 2018 |
|
| Holgate's Properties Limited |
| Notes to the Financial statements |
| for the year ended 31 March 2018 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis and are presented in Sterling (£). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rentals receivable on land and property and is recognised by reference to the date the rental is due for. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the reducing balance method. |
|
|
Plant and machinery |
15% per year |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
|
|
Creditors |
|
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
|
Taxation |
|
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2017 |
160,894 |
|
14,089 |
|
174,983 |
|
At 31 March 2018 |
160,894 |
|
14,089 |
|
174,983 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2017 |
- |
|
13,877 |
|
13,877 |
|
Charge for the year |
- |
|
32 |
|
32 |
|
At 31 March 2018 |
- |
|
13,909 |
|
13,909 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2018 |
160,894 |
|
180 |
|
161,074 |
|
At 31 March 2017 |
160,894 |
|
212 |
|
161,106 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
110 |
|
1,219 |
|
Due from associated company |
|
3,980 |
|
21,980 |
|
Prepayments and accrued income |
2,562 |
|
2,328 |
|
|
|
|
|
|
6,652 |
|
25,527 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Other creditors |
1,192 |
|
1,192 |
|
Trade creditors |
- |
|
262 |
|
Amounts owed to participants |
|
30,097 |
|
31,746 |
|
Other taxes and social security costs |
667 |
|
- |
|
Accruals and deferred income |
1,785 |
|
1,735 |
|
|
|
|
|
|
33,741 |
|
34,935 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Holgate's Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
25a Stanley Road |
|
Ilford |
|
Essex |
|
IG1 1RW |
