Stone Properties (Chigwell) Limited
Stone Properties (Chigwell) Limited
Registered number: 01743545
Unaudited Financial Statements
For The Year Ended 30 November 2017
K S Tan & Co
Chartered Accountants
10/12 New College Parade
Finchley Road
London
NW3 5EP
Stone Properties (Chigwell) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2017
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Stone Properties (Chigwell) Limited
Balance Sheet
As at
30 November 2017
Balance Sheet
Registered number:
01743545
For the year ending 30 November 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2017 | 2016 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 5 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Revaluation reserve | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 2,967,427 | 3,058,436 | |||
Page 1
Stone Properties (Chigwell) Limited
Balance Sheet (continued)
As at
30 November 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Stone Properties (Chigwell) Limited
Notes to the Financial Statements
For The Year Ended 30 November 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents rent receivable arising from property investments.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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Fixtures & Fittings |
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1.4.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2
3.
Tangible Assets
Land & Property | |||
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Freehold | Fixtures & Fittings | Total | |
£ | £ | £ | |
Cost | |||
As at |
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Disposals |
( |
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( |
As at |
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Depreciation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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Page 3
Stone Properties (Chigwell) Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 November 2017
4.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 as restated |
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£ | £ | ||
Trade creditors |
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Bank loans and overdrafts |
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Corporation tax |
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Other taxes and social security |
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Accruals and deferred income |
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Directors' loan accounts |
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5.
Creditors: Amounts Falling Due After More Than One Year
2017 | 2016 as restated |
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£ | £ | ||
Bank loans |
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7.
Reserves
Revaluation Reserve | |
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£ | |
As at |
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Transfer to profit and loss |
( |
As at |
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8.
General Information
Stone Properties (Chigwell) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01743545 . The registered office is 318 High Road Leyton, London, E10 5PW.
Page 4