A J Prichard (Deganwy) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00436584 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

A J Prichard (Deganwy) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mrs N E Brown

P D Webster

Mrs N S Collins

Mrs S L Moss

SECRETARY:

Mrs N E Brown

REGISTERED OFFICE:

Park Cottage

Gannock Park

Deganwy

CONWY

LL31 9PZ

REGISTERED NUMBER:

00436584 (England and Wales)

ACCOUNTANTS:

Bennett Brooks & Co Ltd

Chartered Accountants

19 Trinity Square

Llandudno

CONWY

LL30 2RD

FIXED ASSETS

Investments

4

559,316

602,888

CURRENT ASSETS

Debtors

5

45,532

16,358

Cash at bank

8,998

39,807

54,530

56,165

CREDITORS

Amounts falling due within one year

6

1,093

2,252

NET CURRENT ASSETS

53,437

53,913

TOTAL ASSETS LESS CURRENT LIABILITIES

612,753

656,801

PROVISIONS FOR LIABILITIES

23,019

25,236

NET ASSETS

589,734

631,565

CAPITAL AND RESERVES

Called up share capital

18,000

18,000

Revaluation reserve

7

204,757

186,509

Retained earnings

7

366,977

427,056

SHAREHOLDERS' FUNDS

589,734

631,565

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 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 12 October 2018 and were signed on its behalf by:

Mrs N E Brown - Director

1.	STATUTORY INFORMATION

A J Prichard (Deganwy) 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 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 as modified by the revaluation of certain assets.

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.

Fixed asset investments

Fixed asset investments are recognised initially at fair value which is normally the transaction price excluding transaction

costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value

can otherwise be measured reliably. Other investments are measured at cost less impairments.

Share capital

Ordinary shares are classed as equity.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from

impairment are recognised in the profit and loss.

Distributions to equity holders

Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the

company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown

within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2017

602,888

Additions

57,515

Disposals

(92,605

)

Revaluations

(8,482

)

At 31 March 2018

559,316

NET BOOK VALUE

At 31 March 2018

559,316

At 31 March 2017

602,888

Cost or valuation at 31 March 2018 is represented by:

Other

investments

£

Valuation in 2010

118,906

Valuation in 2011

(8,034

)

Valuation in 2012

(4,592

)

Valuation in 2013

44,418

Valuation in 2014

(5,642

)

Valuation in 2015

14,250

Valuation in 2016

(22,231

)

Valuation in 2017

64,588

Valuation in 2018

(8,482

)

Cost

366,135

559,316

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2018

2017

£

£

Cost

366,135

389,242

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

45,532

16,358

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

68

Other creditors

1,093

2,184

1,093

2,252

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2017

427,056

186,509

613,565

Profit for the year

8,169

-

8,169

Dividends

(50,000

)

-

(50,000

)

Transfer between funds

(18,248

)

18,248

-

At 31 March 2018

366,977

204,757

571,734

The transfers between reserves are realised gains/losses on disposal of fixed asset investments, the revaluation in the year on

fixed asset investments and the associated deferred tax movement.

8.	ULTIMATE CONTROLLING PARTY

Mrs N E Brown owns 56.67% of the share capital of the company.

The following reproduces the text of the report prepared for the directors 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 Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 A J Prichard (Deganwy) Limited for the year ended 31 March 2018 which comprise the Income Statement, Balance Sheet,

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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A J Prichard (Deganwy) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A J Prichard (Deganwy) Limited and state those matters that we have agreed to state to the Board of Directors of A J Prichard (Deganwy) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A J Prichard (Deganwy) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A J Prichard (Deganwy) 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 A J Prichard (Deganwy) Limited. You consider that A J Prichard (Deganwy) 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 A J Prichard (Deganwy) 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.

Bennett Brooks & Co Ltd

Chartered Accountants

19 Trinity Square

Llandudno

CONWY

LL30 2RD

12 October 2018