Deltaglobe Limited - Accounts to registrar (filleted) - small 18.2
Deltaglobe Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| DELTAGLOBE LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| DELTAGLOBE LIMITED (REGISTERED NUMBER: 08307303) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 5 |
| DELTAGLOBE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 24 Park Road South |
| Havant |
| Hampshire |
| PO9 1HB |
| DELTAGLOBE LIMITED (REGISTERED NUMBER: 08307303) |
| BALANCE SHEET |
| 30 NOVEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| 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 |
| DELTAGLOBE LIMITED (REGISTERED NUMBER: 08307303) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 1. | STATUTORY INFORMATION |
| Deltaglobe Limited is a |
| 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 (£), rounded to the nearest Pound |
| (£). |
| The financial statements relate to Deltaglobe Limited as an individual entity. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statement have been prepared on the basis that the company is a going concern, although at the |
| balance sheet date, current liabilities exceeded total assets by £63,646. |
| The company is dependent on the continued support of the the directors whose loan accounts are included |
| within other creditors. Confirmation that support will not be withdrawn in the foreseeable future has been |
| received from the director. |
| Significant judgements and estimates |
| The preparation of financial statements requires the use of estimates and assumptions that affect reported |
| amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the |
| reporting period. These estimates and assumptions are based on management's best knowledge of the amount, |
| event or actions. Actual results may differ from those amounts. |
| Management do not consider there to be any significant judgements or estimates used in the preparation of |
| these financial statements |
| Revenue |
| Revenue is recognised at the point at which goods or services are provided. Rental income is recognised over |
| the period to which it relates. |
| Stock and work in progress |
| Stock and work in progress consists of unsold properties and furniture which are included at the lower of cost |
| and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial instruments are recognised in line with sections 11 and 12 of FRS 102. |
| Basic financial instruments, such as bank and cash, loans, trade receivables and payables are initially |
| recognised at transaction price, unless they constitute a financing arrangement, when the transaction is |
| measured at present value of the future receipts/payments discounted at a market rate of interest. Such |
| instruments are subsequently carried at amortised cost using the effective interest rate method. |
| Taxation |
| Taxation for the year comprises current, deferred tax and ATED charges. 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 and deferred taxation assets and liabilities are not discounted. |
| Current tax and ATED charges are 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. |
| DELTAGLOBE LIMITED (REGISTERED NUMBER: 08307303) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 NOVEMBER 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Other creditors |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | 1 | 1 | 1 |
| 6. | RELATED PARTY DISCLOSURES |
| The directors have advanced funds to the company during the year under review. Amounts outstanding as at the |
| year end are included within other creditors |
| 2017 | 2016 |
| £ | £ |
| Amount due to related party at the balance sheet date | 1,625,724 | 1,790,727 |
| 7. | FIRST YEAR ADOPTION |
| The company has adopted FRS 102 1A for the period ended November 2017. There are no re-statements |
| required under the new standard for earlier periods which were prepared under the FRSSE 2015 standard. |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| DELTAGLOBE LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
| a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and |
| the Report of the Directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Deltaglobe Limited for the year ended 30 November 2017 which comprise the Income |
| Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Deltaglobe Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deltaglobe Limited and state those matters that we have agreed to state to the Board of Directors of Deltaglobe Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deltaglobe Limited and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Deltaglobe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deltaglobe Limited. You consider that Deltaglobe Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Deltaglobe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 24 Park Road South |
| Havant |
| Hampshire |
| PO9 1HB |