Archway Apartments Limited - Accounts to registrar (filleted) - small 18.2
Archway Apartments Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| ARCHWAY APARTMENTS LIMITED |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ARCHWAY APARTMENTS LIMITED |
| Company Information |
| for the Year Ended 31 March 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 42 Lytton Road |
| Barnet |
| Hertfordshire |
| EN5 5BY |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Balance Sheet |
| 31 March 2018 |
| 31.3.18 | 31.3.17 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings | 7 | ( |
) | ( |
) |
| 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. |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Balance Sheet - continued |
| 31 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 signed on its behalf by: |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | STATUTORY INFORMATION |
| Archway Apartments Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and |
| handling costs in bringing stocks to their present location and condition. |
| 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. |
| Going concern |
| The directors have a reasonable expectation that the company will continue in operational |
| existence for the foreseeable future and therefore used the going concern basis in preparing |
| the financial statements. |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Trade debtors | ( |
) |
| VAT |
| Prepayments and accrued income |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Other loans (see note 5) |
| Trade creditors |
| Amounts owed to group undertakings |
| Other creditors |
| Loan - JLA | 633,000 | 691,975 |
| Loan - L Gami Trust | 941,667 | 1,103,234 |
| Loan - R Gami Trust | 941,667 | 1,103,234 |
| Loan - G Gami Trust | 941,667 | 1,103,234 |
| Accruals and deferred income |
| 5. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.18 | 31.3.17 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Other loans |
| ARCHWAY APARTMENTS LIMITED (REGISTERED NUMBER: 09180845) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.18 | 31.3.17 |
| value: | £ | £ |
| A Ordinary | £1 | 12 | 12 |
| B Ordinary | £1 | 12 | 12 |
| C Ordinary | £1 | 3 | 3 |
| D Ordinary | £1 | 7 | 7 |
| E Ordinary | £1 | 7 | 7 |
| 7 | F Ordinary | £1 | 7 | 7 |
| 48 | 48 |
| 7. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2017 | ( |
) |
| Deficit for the year | ( |
) |
| At 31 March 2018 | ( |
) |
| 8. | RELATED PARTY DISCLOSURES |
| At the balance sheet date, other creditors figure included an amounts payable to Financial |
| Management Limited £793,532 (2017: £691,975) a share holder in the company. Interest |
| charged on the balance due @6% p.a. |
| As at balance sheet date, an amount of £72,000 (2017: £160,000) was owed to Investland Ltd, |
| a company in which Mr J P Gerrard and Mr M Gerrard are also directors. |
| As at balance sheet date, an amount of £115000 (2017: £70,000) was owed to Shapes & |
| Things Ltd, a company in which Mr J P Gerrard is also a director. |
| As at balance sheet date, an amount of £65,000 (2017: £20,000) was owed to Arctic Estates |
| Dalston Ltd, a company in which Mr M Gerrard is also a director. |