Squire of Scarborough Limited - Accounts to registrar (filleted) - small 18.2
Squire of Scarborough Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2018 |
| for |
| Squire of Scarborough Limited |
| Squire of Scarborough Limited (Registered number: 00818484) |
| 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 |
| Squire of Scarborough Limited |
| Company Information |
| for the Year Ended 31 March 2018 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| 6 Arundel Place |
| Scarborough |
| North Yorkshire |
| YO11 1TX |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Balance Sheet |
| 31 March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 3 |
| Investment property | 4 |
| Current assets |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| 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 |
| Capital redemption reserve |
| Fair value 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. |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Balance Sheet - continued |
| 31 March 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2018 |
| 1. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss account represents the total invoice value, excluding value |
| added tax, of sales made during the year. Sales are recognised in the profit and loss account on |
| despatch of goods and completion of work. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery | - |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Investment property |
| Investment properties are properties held to earn rentals or for capital appreciation or both. |
| Investment properties are initially measured at cost, including transaction costs. Subsequently |
| investment properties whose fair value can be measured reliably without undue cost or effort on an |
| on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of |
| investment properties are included in the profit and loss in the period in which they arise. Deferred |
| taxation is provided on these gains. |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss |
| account, 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. |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 2. | Employees and directors |
| The average number of employees during the year was |
| 3. | Tangible fixed assets |
| Short |
| Land and | leasehold | Plant and |
| buildings | property | machinery |
| £ | £ | £ |
| Cost |
| At 1 April 2017 |
| Additions |
| At 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Fixtures, |
| fittings |
| and | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 April 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2018 |
| Depreciation |
| At 1 April 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 4. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2017 |
| and 31 March 2018 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| Investment properties included at fair value would have been included on a historical cost basis at: |
| 2017 | 2016 |
| £ | £ |
| Cost | 105,623 | 105,623 |
| The completed investment properties are stated at fair value in accordance with the requirements of |
| Section 1A ''Small Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard |
| applicable in the UK and Republic of Ireland''. |
| The investment properties have been valued by the director at fair value taking into account existing |
| tenancy arrangements. |
| 5. | Stocks |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Prepayments |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| CIS | 426 | 186 |
| VAT | 19,589 | 15,122 |
| Other creditors |
| Directors' current accounts | 24,036 | 31,339 |
| Accrued expenses |
| Squire of Scarborough Limited (Registered number: 00818484) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2018 |
| 8. | Reserves |
| Fair value |
| reserve |
| £ |
| At 1 April 2017 |
| and 31 March 2018 |