Sanderson Property Developments Limited - Accounts to registrar (filleted) - small 18.1
Sanderson Property Developments Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| 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 |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 31/3/18 | 31/3/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| 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. |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| 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 by: |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | STATUTORY INFORMATION |
| Sanderson Property Developments Limited is a |
| 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 |
| 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 |
| Freehold property | - |
| Fixtures and fittings | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| DEPRECIATION |
| At 1 April 2017 |
| Charge for year |
| At 31 March 2018 |
| NET BOOK VALUE |
| At 31 March 2018 |
| At 31 March 2017 |
| Cost or valuation at 31 March 2018 is represented by: |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| Valuation in 2005 | 121,486 | - | 121,486 |
| Valuation in 2006 | 223,508 | - | 223,508 |
| Valuation in 2009 | 256,593 | - | 256,593 |
| Valuation in 2015 | 453,003 | - | 453,003 |
| Valuation in 2016 | 420,000 | - | 420,000 |
| Cost | 2,014,322 | 55,303 | 2,069,625 |
| 3,488,912 | 55,303 | 3,544,215 |
| The freehold property known as The Woodman, Priory Road, Warwick, CV34 0AG was revalued by David |
| Storer & Partners Commercial Property Consultants on 4 May 2005 at £800,000. The Directors have decided to |
| adopt this valuation. |
| The freehold property known as 9 Caroline Street, Birmingham, B3 1TR was revalued by Douglas Duff |
| Chartered Surveyors on 10 March 2006 at £560,000. The Directors have decided to adopt this valuation. |
| The freehold property known as No's 56 Merridale Street, Wolverhampton, WV3 0RE was revalued by Barton |
| & Co Chartered Surveyors on 13 October 2009 at £460,000. The Directors have decided to adopt this valuation. |
| The freehold property known as 13-15 Caroline Street, Birmingham, B3 1TR was revalued by DTZ on 8 |
| January 20015 at £1,225,000. The Directors have decided to adopt this valuation. |
| The freehold property known as 13-15 Caroline Street, Birmingham, B3 1TR was revalued by DTZ on 15 July |
| 2015 at £1,645,000. The Directors have decided to adopt this valuation. |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/18 | 31/3/17 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/18 | 31/3/17 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors |
| Tax |
| Social security and other taxes | ( |
) | ( |
) |
| Net wages | 4,378 | 481 |
| Associated Company | - | 113,116 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/3/18 | 31/3/17 |
| £ | £ |
| Bank loans (see note 8) |
| Directors Loan Account | 272,805 | 268,308 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,022,957 | 1,097,812 |
| 8. | 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: |
| Barclays bank loan |
| Amounts falling due between one and two years: |
| Lloyds Loan Ac.1657400 | 49,178 | 47,207 |
| SANDERSON PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 03643246) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 8. | LOANS - continued |
| 31/3/18 | 31/3/17 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst | 310,870 | 311,600 |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 1,022,957 | 1,097,812 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/3/18 | 31/3/17 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2017 |
| Profit for the year |
| At 31 March 2018 |