Mainstreet Properties Limited - Accounts to registrar (filleted) - small 18.2
Mainstreet Properties Limited - Accounts to registrar (filleted) - small 18.2
| MAINSTREET PROPERTIES LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2018 |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Contents of the Financial Statements |
| for the year ended 31st March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| MAINSTREET PROPERTIES LIMITED |
| Company Information |
| for the year ended 31st March 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4 Hunters Walk |
| Canal Street |
| Chester |
| Cheshire |
| CH1 4EB |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Balance Sheet |
| 31st March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair valuation reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Balance Sheet - continued |
| 31st March 2018 |
| 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 behalf by: |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Notes to the Financial Statements |
| for the year ended 31st March 2018 |
| 1. | STATUTORY INFORMATION |
| Mainstreet Properties Limited is a |
| 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 |
| Significant judgements and estimates |
| Estimates and judgements are continually evaluated and are based on historical experience and other factors, |
| including expectations of future events that are believed to be reasonable under the circumstances. |
| The estimates and assumptions that have a high risk of causing a material adjustment to the carrying amount of |
| assets and liabilities within the next financial year are: |
| Investment properties are reviewed annually and are revalued in line with managements' opinion of the value |
| of those properties at each balance sheet date. The revaluation is based on historical experience as well as |
| considering future events which may impact the value of investment property, such as changes in market |
| demands. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Financial instruments |
| Directors loan (being repayable on demand) are measured at the undiscounted amount of cash or other |
| consideration expected to be paid or received. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1st April 2017 |
| and 31st March 2018 |
| DEPRECIATION |
| At 1st April 2017 |
| Charge for year |
| At 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2017 |
| and 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| Fair value at 31st March 2018 is represented by: |
| £ |
| Valuation in 2018 | 217,157 |
| Cost | 37,843 |
| 255,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 37,843 | 37,843 |
| Investment property was valued on a fair value basis on 31st March 2018 by the directors . |
| MAINSTREET PROPERTIES LIMITED (REGISTERED NUMBER: 01809930) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 8. | RESERVES |
| Fair |
| valuation |
| reserve |
| £ |
| At 1st April 2017 |
| Transfer of realised profits | 129 |
| At 31st March 2018 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st March 2018 and |
| 31st March 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The above loan is interest free and repayable on demand. |