Thomdell Developments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07670085

Financial Statements for the Year Ended 30 June 2018

for

Thomdell Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Riddell

Ms J A Thomas

REGISTERED OFFICE:

144 - 146 Kings Cross Road

London

WC1X 9DU

REGISTERED NUMBER:

07670085

ACCOUNTANTS:

Andrew Murray & Co.

144 - 146 Kings Cross Road

London

WC1X 9DU

CURRENT ASSETS

Stocks

1,351,137

1,360,803

Cash at bank and in hand

433,886

9,478

1,785,023

1,370,281

CREDITORS

Amounts falling due within one year

3

(755,489

)

(671,642

)

NET CURRENT ASSETS

1,029,534

698,639

TOTAL ASSETS LESS CURRENT LIABILITIES

1,029,534

698,639

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

1,027,534

696,639

1,029,534

698,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 2 October 2018 and were signed on its behalf by:

S Riddell - Director

Ms J A Thomas - Director

1.	STATUTORY INFORMATION

Thomdell Developments Limited is a private company, limited by shares , registered in Not

specified/Other. 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.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

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 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.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Bank loans and overdrafts

241

-

Trade creditors

-

433,440

Taxation and social security

73,687

1

Other creditors

681,561

238,201

755,489

671,642

4.	RELATED PARTY DISCLOSURES

The company was under the control of Mr Steven Riddell throughout the current and previous year.

Mr Steven Riddell is the Managing director and a shareholder.

Mrs Jocelyn Thomas has loaned the company £671,666 (2017: £221,666)

Mr Steven Riddell has loaned the company £1,500 (2017: £1,500)