TWINPLATE PROPERTIES LIMITED

TWINPLATE PROPERTIES LIMITED

TWINPLATE PROPERTIES LIMITED - Company Information

Print Friendly Version

TWINPLATE PROPERTIES LIMITED

Company Registration Number:
08117437 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

TWINPLATE PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

TWINPLATE PROPERTIES LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Investments: 2 4,397,938 3,571,209
Total fixed assets: 4,397,938 3,571,209
Current assets
Debtors:     26,050
Cash at bank and in hand: 448 6,325
Total current assets: 448 32,375
Creditors: amounts falling due within one year:   (3,575,710) (2,891,118)
Net current assets (liabilities): (3,575,262) (2,858,743)
Total assets less current liabilities: 822,676 712,466
Creditors: amounts falling due after more than one year:   (313,192) (448,895)
Total net assets (liabilities): 509,484 263,571
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 509,482 263,569
Shareholders funds: 509,484 263,571

The notes form part of these financial statements

TWINPLATE PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2018
and signed on behalf of the board by:

Name: C Cummings
Status: Director

The notes form part of these financial statements

TWINPLATE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

TAXATIONTaxation 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 TAXDeferred 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 difference 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.TAXATIONCurrent corporation tax is provided at tax rates and laws applicable at balance sheet date.

TWINPLATE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Fixed investments

INVESTMENT PROPERTYInvestment properties are carried out at fair value determined annually by the directors, advised by external valuers as necessary, and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location and condition for the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

TWINPLATE PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Related party transactions

At the balance sheet date and included in the accounts were liabilities of £1,734,599 and £134,348 due to a director and companies under common control respectively.ULTIMATE CONTROLLING PARTYThe controlling party is C Cummings.