Delaware Limited - Accounts to registrar (filleted) - small 18.2

Delaware Limited - Accounts to registrar (filleted) - small 18.2

DELAWARE LIMITED - Company Information

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REGISTERED NUMBER: 03794629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Delaware Limited
Delaware Limited (Registered number: 03794629)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Delaware Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: A Patel





SECRETARY: A Patel





REGISTERED OFFICE: NAVNIDHI
Lee Ground
Fareham
Hampshire
PO15 6RP





REGISTERED NUMBER: 03794629 (England and Wales)





ACCOUNTANTS: Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT
Page 1
Delaware Limited (Registered number: 03794629)

Statement of Financial Position
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 898 282
Investment property 5 125,000 125,000
125,898 125,282

CURRENT ASSETS
Debtors 6 1,271 2,640
Cash at bank 5,115 4,316
6,386 6,956
CREDITORS
Amounts falling due within one year 7 8,886 13,653
NET CURRENT LIABILITIES (2,500 ) (6,697 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
123,398
118,585

PROVISIONS FOR LIABILITIES 4,482 4,426
NET ASSETS 118,916 114,159

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 17,703 17,703
Retained earnings 101,113 96,356
SHAREHOLDERS' FUNDS 118,916 114,159

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 notes form part of these financial statements

Page 2 continued...
Delaware Limited (Registered number: 03794629)

Statement of Financial Position - continued
31 March 2018


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 28 October 2018 and were signed by:





A Patel - Director


The notes form part of these financial statements

Page 3
Delaware Limited (Registered number: 03794629)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Delaware 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Page 4 continued...
Delaware Limited (Registered number: 03794629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2017 1,484
Additions 1,123
Disposals (1,484 )
At 31 March 2018 1,123
DEPRECIATION
At 1 April 2017 1,202
Charge for year 225
Eliminated on disposal (1,202 )
At 31 March 2018 225
NET BOOK VALUE
At 31 March 2018 898
At 31 March 2017 282

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 125,000
NET BOOK VALUE
At 31 March 2018 125,000
At 31 March 2017 125,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2015 102,871
Valuation in 2016 12,129
Valuation in 2017 10,000
125,000

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

31.3.18 31.3.17
£    £   
Cost 102,871 102,871

Investment Property was valued on an open market basis on 31 March 2018 by the director .

Page 5 continued...
Delaware Limited (Registered number: 03794629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 1,271 2,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 175 161
Other creditors 8,711 13,492
8,886 13,653

8. RESERVES
Fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 17,703

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Patel.

The ultimate controlling party is A Patel.

Page 6
Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Delaware Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Delaware Limited for the year ended 31 March 2018 which comprise the Income Statement,
Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes
from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Delaware Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Delaware Limited and state those matters that we have agreed to state to the director of Delaware Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Delaware Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Delaware Limited. You consider that Delaware Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Delaware Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Year-End Resolutions Ltd
177 Nyetimber Lane
Bognor Regis
West Sussex
PO21 3HT


28 October 2018

This page does not form part of the statutory financial statements

Page 7