Sorrel Developments (Uk) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09094668 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2018

for

Sorrel Developments (Uk) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs Y P Spare

M Spare

SECRETARY:

Mrs Y P Spare

REGISTERED OFFICE:

Sysondale

Anslow Lane

Rolleston on Dove

Staffordshire

DE13 9DS

REGISTERED NUMBER:

09094668 (England and Wales)

ACCOUNTANTS:

The Profit Key Limited

Prince William House

10 Lower Church Street

Ashby de la Zouch

Leicestershire

LE65 1AB

CURRENT ASSETS

Stocks

138,653

107,943

Debtors

4

1,895

4

Cash at bank

88,989

6,346

229,537

114,293

CREDITORS

Amounts falling due within one year

5

223,265

106,015

NET CURRENT ASSETS

6,272

8,278

TOTAL ASSETS LESS CURRENT LIABILITIES

6,272

8,278

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

6,270

8,276

SHAREHOLDERS' FUNDS

6,272

8,278

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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:

M Spare - Director

1.	STATUTORY INFORMATION

Sorrel Developments (Uk) 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.

The company has shortened its financial year in order that the year end is the same as the other related

companies. Therefore the comparatives are not entirely comparative.

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

Loans from directors

Any loans from the directors to the company are interest free and repayable on demand.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

1,893

2

Called up share capital not paid

2

2

1,895

4

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

7,185

-

Inter company balance

215,000

105,000

Accrued expenses

1,080

1,015

223,265

106,015

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

7.	RELATED PARTY DISCLOSURES

During the year the company received a loan totalling £110,000 (2017 - £105,000) from Sorrel Properties

Limited - a company in which Mr & Mrs Spare are directors. The amount owing at the balance sheet date was

£215,000 (2017 - £105,000).