Webb Estate Limited - Period Ending 2019-03-31

Registration number: 03727126

Webb Estate Limited



Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Flemmings Chartered Accountants
76 Canterbury Road
Croydon
Surrey
CR0 3HA

Webb Estate Limited
 

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 4

Webb Estate Limited
 

Company Information

Chairman

F A Dickens

Directors

A P Clarke A Paice D C Mullarkey F A Dickens HC Shah I L Aarons J P Dickens L K Porter R Geering R J M Souter S W F Marsden T Haden-Scott

Registered office

76 Canterbury Road Croydon Surrey CR0 3HA

Accountants

Flemmings Chartered Accountants 76 Canterbury Road Croydon Surrey CR0 3HA

Page 1

Webb Estate Limited
 

Balance Sheet as at 31 March 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	93,620	93,620
Current assets
Debtors	5	4,272	1,843
Cash at bank		87,223	174,770
		91,495	176,613
Creditors: Amounts falling due within one year	6	(13,090)	(100,694)
Net current assets		78,405	75,919
Net assets		172,025	169,539
Capital and reserves
Called up share capital		373	368
Share premium reserve		19,146	16,651
Other reserves		95,381	95,381
Profit and loss account		57,125	57,139
Total equity		172,025	169,539

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 May 2019 and signed on its behalf by:
 

......................................... D C Mullarkey Director

......................................... F A Dickens Chairman

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Webb Estate Limited
 

Notes to the Financial Statements for the Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
76 Canterbury Road
Croydon
Surrey
CR0 3HA
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

No depreciation have been charged on the Freehold Property as in the directors' opinion its market value is in excess of cost.

Asset class	Depreciation method and rate
Freehold Property	None

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Webb Estate Limited
 

Notes to the Financial Statements for the Year Ended 31 March 2019

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2018 - 11).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2018	93,620	93,620
At 31 March 2019	93,620	93,620
Depreciation
Carrying amount
At 31 March 2019	93,620	93,620
At 31 March 2018	93,620	93,620

Included within the net book value of land and buildings above is £93,620 (2018 - £93,620) in respect of freehold land and buildings.

No depreciation has been charged on the freehold property as in the directors' opinion its market value is in excess of cost.
 

5

Debtors

	2019 £	2018 £
Other debtors	4,272	1,843
	4,272	1,843

6

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Trade creditors	-	3,123
Other creditors - project broadband	13,090	97,240
Corporation tax control	-	331
	13,090	100,694

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