Astute Estates Ltd - Accounts to registrar (filleted) - small 18.2
Astute Estates Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 31 AUGUST 2016 TO 29 AUGUST 2017 |
| FOR |
| ASTUTE ESTATES LTD |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 31 August 2016 to 29 August 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASTUTE ESTATES LTD |
| COMPANY INFORMATION |
| for the Period 31 August 2016 to 29 August 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Boulton House |
| 17 - 21 Chorlton Street |
| Manchester |
| M1 3HY |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| BALANCE SHEET |
| 29 August 2017 |
| 29.8.17 | 30.8.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| 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. |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| BALANCE SHEET - continued |
| 29 August 2017 |
| 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 |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 31 August 2016 to 29 August 2017 |
| 1. | STATUTORY INFORMATION |
| Astute Estates Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Taxation |
| Taxation for the period 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 period 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 31 August 2016 to 29 August 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 31 August 2016 |
| and 29 August 2017 |
| DEPRECIATION |
| At 31 August 2016 |
| Charge for period |
| At 29 August 2017 |
| NET BOOK VALUE |
| At 29 August 2017 |
| At 30 August 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.8.17 | 30.8.16 |
| £ | £ |
| Amounts owed by associates |
| S455 Tax recoverable | - | 14,761 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 29.8.17 | 30.8.16 |
| £ | £ |
| Other loans |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 24,903 | 27,119 |
| Other creditors |
| Credit card | 1,940 | 2,568 |
| Wages control account | 7,347 | 4,652 |
| Directors' loan accounts | 9,234 | 17,247 |
| Accruals and deferred income |
| ASTUTE ESTATES LTD (REGISTERED NUMBER: 06989810) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 31 August 2016 to 29 August 2017 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 29.8.17 | 30.8.16 |
| £ | £ |
| Other loans |
| The other loans are secured by way of fixed and floating charges over the assets of the company. |
| 8. | PROVISIONS FOR LIABILITIES |
| 29.8.17 | 30.8.16 |
| £ | £ |
| Deferred tax | 380 | 517 |
| Deferred |
| tax |
| £ |
| Balance at 31 August 2016 |
| Accelerated capital allowances | (137 | ) |
| Balance at 29 August 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.8.17 | 30.8.16 |
| value: | £ | £ |
| Ordinary | £1 | 2 | 2 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 31 August 2016 |
| Profit for the period |
| At 29 August 2017 |