Curradine Barns Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08003138 (England and Wales)

Curradine Barns Limited

Audited Financial Statements for the Year Ended 31 December 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I F Hastie

D M Hastie

A J Hastie

S A Robson

S D Owens

S J Wilkinson

REGISTERED OFFICE:

Curzon House 2nd Floor

24 High Street

Banstead

Surrey

SM7 2LJ

REGISTERED NUMBER:

08003138 (England and Wales)

INDEPENDENT AUDITORS:

Langdon West Williams PLC

Curzon House 2nd Floor

24 High Street

Banstead

Surrey

SM7 2LJ

CURRENT ASSETS

Debtors

5

764,373

964,836

Cash at bank

95,016

57,242

859,389

1,022,078

CREDITORS

Amounts falling due within one year

6

730,347

885,285

NET CURRENT ASSETS

129,042

136,793

TOTAL ASSETS LESS CURRENT LIABILITIES

129,042

136,793

CREDITORS

Amounts falling due after more than one year

7

77,177

90,584

NET ASSETS

51,865

46,209

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

51,765

46,109

SHAREHOLDERS' FUNDS

51,865

46,209

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 8 August 2018 and were signed on its behalf by:

A J Hastie - Director

1.	STATUTORY INFORMATION

Curradine Barns 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 1, the directors are

required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities

that are not readily apparent from other sources. The estimates and associated assumptions are based on

historical experience and knowledge of the business and other factors that are considered to be relevant.

Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision affects only that period,

or in the period of the revision and future period if the revision affects both current and future periods.

The key areas are summarised below:

Provision for trade debtors

Provisions have been made for potential trade debtors which will not be collected. This provision is an

estimate based on the group's understanding, knowledge and historic trends.

Changes in accounting policies

There were no material changes to accounting policies in the year.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration and to

the extent that the company has performed the contract.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at the

settlement value with the exception of bank loans which are subsequently measured at amortised cost using

the effective interest rate method.

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.

Going concern

The directors believe that the company is well placed to manage its business risks successfully.

The directors have a reasonable expectation that the company has adequate resources to continue its

operational existence for the foreseeable future. Accordingly the directors have continued to adopt the going

concern basis in preparing these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 January 2017

and 31 December 2017

1,250

DEPRECIATION

At 1 January 2017

and 31 December 2017

1,250

NET BOOK VALUE

At 31 December 2017

-

At 31 December 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

10,928

16,677

Amounts owed by group undertakings

753,369

948,062

Other debtors

76

97

764,373

964,836

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

28,460

27,836

Amounts owed to group undertakings

428,495

462,995

Taxation and social security

47,470

114,569

Other creditors

225,922

279,885

730,347

885,285

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

77,177

90,584

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Watt (Senior Statutory Auditor)

for and on behalf of Langdon West Williams PLC

9.	CONTINGENT LIABILITIES

The company has given its bankers an unlimited cross guarantee and a fixed and floating charge over its assets

in respect of the groups bank borrowings.

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

11.	ULTIMATE CONTROLLING PARTY

12.	CONSOLIDATED ACCOUNTS

The smallest entity producing consolidated accounts in which the company is included is Artemis Venue

Services Limited whose registered office is Suite 2A Rossett Business Village, Llyndir Lane, Rossett, Wrexham

LL12 0AR.