Calderstones Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04420172 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2018

for

CALDERSTONES HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G P Buchanan

SECRETARY:

Mrs P F Buchanan

REGISTERED OFFICE:

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

REGISTERED NUMBER:

04420172 (England and Wales)

ACCOUNTANTS:

Abrams Ashton

Chartered Certified Accountants

41 St Thomas's Road

Chorley

Lancashire

PR7 1JE

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

190,949

100,000

190,949

100,000

CURRENT ASSETS

Cash at bank

10,452

25,839

CREDITORS

Amounts falling due within one year

6

11,080

16,813

NET CURRENT (LIABILITIES)/ASSETS

(628

)

9,026

TOTAL ASSETS LESS CURRENT LIABILITIES

190,321

109,026

CREDITORS

Amounts falling due after more than one year

7

(148,659

)

(63,433

)

PROVISIONS FOR LIABILITIES

(1,520

)

(2,176

)

NET ASSETS

40,142

43,417

CAPITAL AND RESERVES

Called up share capital

8

100

100

Non-distributable reserves

14,154

14,810

Retained earnings

25,888

28,507

SHAREHOLDERS' FUNDS

40,142

43,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 14th August 2018 and were signed by:

Mr G P Buchanan - Director

1.	STATUTORY INFORMATION

Calderstones Homes 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.

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 as modified by the revaluation of certain assets.

Revenue recognition

Revenue represents the value of net rents receivable for the total period of property occupation.

Tangible fixed assets

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

Computer equipment

-

33.3% on cost

Investment property

Investment property is property held to earn rentals. It is initially measured at acquisition cost, including

transaction costs. Subsequently it is measured at fair value on an open market basis. Deferred tax is provided on

these movements. Gains and losses arising from changes in fair value are included in the Statement of Income

and Retained Earnings in which they arise.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in

the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there

is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or

to realise the asset and settle the liability simultaneously.

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.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank

overdrafts, when applicable, are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2017

and 31st March 2018

366

DEPRECIATION

At 1st April 2017

and 31st March 2018

366

NET BOOK VALUE

At 31st March 2018

-

At 31st March 2017

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2017

100,000

Additions

90,949

At 31st March 2018

190,949

NET BOOK VALUE

At 31st March 2018

190,949

At 31st March 2017

100,000

Fair value at 31st March 2018 is represented by:

£

Valuation in 2017

16,986

Cost

173,963

190,949

If investment property had not been revalued it would have been included at the following historical cost:

31.3.18

31.3.17

£

£

Cost

170,753

83,014

Investment property was valued on an open market basis on 31st March 2017 by the director Mr G P Buchanan .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

462

6,213

Directors' current accounts

10,000

10,000

Accrued expenses

618

600

11,080

16,813

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Directors' loan accounts

148,659

63,433

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

At the 31st March 2018 the company owed £158,659 to its director (2017: £73,433). No interest has been

charged to the company in respect of this loan and there is no formal repayment date for this loan, £148,659 of

the loan is classified under creditors due after more than one year.

10.	ULTIMATE CONTROLLING PARTY

Throughout the current and previous year, Mr & Mrs G Buchanan have controlled the company by virtue of

holding 100% of the issued ordinary share capital.