Accounts filed on 31-01-2018

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			Company registration number:			02935746
S.ANDREWS & SON (PWLLHELI) LTD
REPORT OF THE DIRECTORS' AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2018

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S.ANDREWS & SON (PWLLHELI) LTD
BALANCE SHEET
AS AT 31 January 2018
					2018				2017
				Notes	£		£		£		£
FIXED ASSETS
Tangible assets				3			8,138,584				7,906,242
Financial assets				4			1				1
							8,138,585				7,906,243
CURRENT ASSETS
Debtors					187,611				177,321
Cash at bank and in hand					186,617				345,229
					374,228				522,550
CREDITORS
Amounts falling due within one year					(262,955)				(246,170)
NET CURRENT ASSETS							111,273				276,380
TOTAL ASSETS LESS
CURRENT LIABILITIES							8,249,858				8,182,623
Creditors falling due after one year							(4,204,380)				(4,094,269)
NET ASSETS							4,045,478				4,088,354
CAPITAL AND RESERVES
Called-up equity share capital							511,752				511,752
Revaluation Reserve							1,536,763				1,536,763
Profit and loss account							1,996,963				2,039,839
SHAREHOLDERS FUNDS							4,045,478				4,088,354
For the year ending 31 January 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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 the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 22 May 2018 and signed on its behalf.
..........................................................................
G W Edwards - Director
22 May 2018
The annexed notes form part of these financial statements.

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S.ANDREWS & SON (PWLLHELI) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents rental income, service charges and commission

Fixed Assets

Depreciation is calculated using the reducing balance method on the gross values of fixed assets without any deduction for government grants. The following rates are used:

Plant25%

Fixtures25%

Deferred Taxation

Deferred Taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Investment properties

No depreciation is provided on investment properties in order to give a true and fair view, in accordance with Statement of Standard Accounting Practice 19. The valuation of the investment properties has been provided by an independent firm of Chartered Surveyors, Bruton Knowles,who were instructed by the lenders.

2.

Employees

The average number of employees during the year, including the directors was 5.

3.	Tangible fixed assets
				Total
	Cost
	At start of period			8,373,660
	Additions			283,577
	At end of period			8,657,237
	Depreciation
	At start of period			467,418
	Provided during the period			51,236
	At end of period			518,654
	Net Book Value
	At start of period			7,906,242
	At end of period			8,138,584

4.	Fixed asset investments
				Total
	Cost
	At start of period			1
	At end of period			1
	Carrying amount:
	At start of period			1
	At end of period			1