Provincial Land Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02360017 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

PROVINCIAL LAND DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J Williamson

J R White

REGISTERED OFFICE:

42a Park Square

Leeds

West Yorkshire

LS1 2NP

REGISTERED NUMBER:

02360017 (England and Wales)

FIXED ASSETS

Intangible assets

4

4,160

CURRENT ASSETS

Inventories

2,000

Debtors

5

1,680,245

1,680,000

Cash at bank

32,021

262,266

1,714,266

1,944,266

CREDITORS

Amounts falling due within one year

6

2,561

231,579

NET CURRENT ASSETS

1,711,705

1,712,687

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,715,865

1,716,847

CAPITAL AND RESERVES

Called up share capital

40,000

Retained earnings

1,675,865

1,676,847

SHAREHOLDERS' FUNDS

1,715,865

1,716,847

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 and authorised for issue by the Board of Directors on 12 December 2018 and were signed on
its behalf by:

J R White - Director

A J Williamson - Director

1.	STATUTORY INFORMATION

Provincial Land Developments 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.

Turnover

Turnover represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the

company has obtained the right to consideration through its performance and is measured at the fair value of the right to

consideration.

Intangible assets

Intangible assets are capitalised at cost, no amortisation is charged as their value is appreciating and the assets are also

subject to an annual impairment review.

Stocks

Stocks are valued at the lower of cost and net realisable value.

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 NIL (2017 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

4,160

NET BOOK VALUE

At 31 March 2018

4,160

At 31 March 2017

4,160

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

1,680,245

1,680,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Taxation and social security

-

230,178

Other creditors

2,561

1,401

2,561

231,579

7.	RELATED PARTY DISCLOSURES

Included within debtors is an amount owed from a company which is jointly controlled by Mr J R White of £840,000 (2017 -

£840,000). This loan is interest free and repayable on demand.

Included within debtors is an amount owed from a company which is jointly controlled by Mr A J Williamson of £840,000

(2017 - £840,000). This loan is interest free and repayable on demand.

Provincial Land Developments Limited - Accounts to registrar (filleted) - small 18.2

Provincial Land Developments Limited - Accounts to registrar (filleted) - small 18.2