Turnberry Property Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07423652 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Turnberry Property Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Javed

REGISTERED OFFICE:

22 St Andrews Road

Heald Green

Cheadle

Cheshire

SK8 3ES

REGISTERED NUMBER:

07423652 (England and Wales)

ACCOUNTANTS:

Uppal & Warr

Chartered Accountants

452 Manchester Road

Heaton Chapel

Stockport

SK4 5DL

FIXED ASSETS

Tangible assets

4

-

1,289,773

CURRENT ASSETS

Debtors

5

426,580

469,981

Cash at bank and in hand

1,882

2

428,462

469,983

CREDITORS

Amounts falling due within one year

6

76,608

124,420

NET CURRENT ASSETS

351,854

345,563

TOTAL ASSETS LESS CURRENT LIABILITIES

351,854

1,635,336

CREDITORS

Amounts falling due after more than one year

7

-

1,943,779

NET ASSETS/(LIABILITIES)

351,854

(308,443

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

351,852

(308,445

)

SHAREHOLDERS' FUNDS

351,854

(308,443

)

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 her 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 2 November 2018 and were signed by:

Mrs S Javed - Director

1.	STATUTORY INFORMATION

Turnberry Property Developments Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

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 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2017

1,289,773

Additions

2,209,507

Disposals

(3,499,280

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

1,289,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Intercompany loan

416,500

460,500

VAT

94

1,583

Accruals

9,986

7,898

426,580

469,981

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

-

19,102

Trade creditors

-

6,998

Tax

28,673

-

Other creditors

-

97,420

Accrued expenses

47,935

900

76,608

124,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans

-

1,943,779

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2017

(308,445

)

Profit for the year

660,297

At 31 March 2018

351,852