Puccini Properties of Warwick Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04430548 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2018

FOR

PUCCINI PROPERTIES OF WARWICK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Firmstone

REGISTERED OFFICE:

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

REGISTERED NUMBER:

04430548 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Bank Gallery

High Street

Kenilworth

Warwickshire

CV8 1LY

FIXED ASSETS

Tangible assets

4

288,320

288,320

CURRENT ASSETS

Debtors

5

111,359

104,264

Cash at bank

4,202

1,048

115,561

105,312

CREDITORS

Amounts falling due within one year

6

87,710

91,437

NET CURRENT ASSETS

27,851

13,875

TOTAL ASSETS LESS CURRENT LIABILITIES

316,171

302,195

CREDITORS

Amounts falling due after more than one year

7

31,621

33,775

NET ASSETS

284,550

268,420

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

284,544

268,414

SHAREHOLDERS' FUNDS

284,550

268,420

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 5 July 2018 and were signed by:

D Firmstone - Director

1.	STATUTORY INFORMATION

Puccini Properties of Warwick 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 June 2017

and 31 May 2018

288,320

NET BOOK VALUE

At 31 May 2018

288,320

At 31 May 2017

288,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,500

-

Other debtors

109,859

104,264

111,359

104,264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

8,000

8,000

Trade creditors

-

1,753

Taxation and social security

27,933

30,153

Other creditors

51,777

51,531

87,710

91,437

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

31,621

33,775

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

31,621

33,775

8.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

39,621

41,775

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the start of the year, the director's loan account was overdrawn, the maximum amount and the year end

balance was £82,430 (2017 £78,685).

10.	RELATED PARTY DISCLOSURES

At 31 May 2018 other creditors includes loans made to the company by the directors of £48,211 (2017 £47,964).

The loans are interest free and no fixed date for repayment.

11.	ULTIMATE CONTROLLING PARTY

The company is jointly under the control of Mr D Firmstone and the Executors of Mr G Firmstone (deceased).