Corinthian Plant Limited 31/12/2018 iXBRL
Corinthian Plant Limited 31/12/2018 iXBRL
Company registration number:
10391225
Unaudited filleted financial statements
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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(Resigned 20 September 2018) | |
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Company number |
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Registered office |
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Business address |
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Accountants |
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103-104 Walter Road | |||
Swansea | |||
SA1 5QF | |||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Corinthian Plant Limited
Year ended 31 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Corinthian Plant Limited for the year ended 31 December 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Corinthian Plant Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Corinthian Plant Limited and state those matters that we have agreed to state to the board of directors of Corinthian Plant Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Corinthian Plant Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Corinthian Plant Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Corinthian Plant Limited. You consider that Corinthian Plant Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Corinthian Plant Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
103-104 Walter Road
Swansea
SA1 5QF
Statement of financial position
31 December 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Current assets | |||||||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 6 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 7 |
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Net assets/(liabilities) |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds/(deficit) |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 September 2019
, and are signed on behalf of the board by:
Director
Company registration number:
10391225
Notes to the financial statements
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Mulberry House, Pen Y Pound, Abergavenny, NP7 5UD.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Motor vehicles | - |
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Impairment
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4.
Tangible assets
Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 January 2018 |
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Additions | 257,321 | 54,921 | 312,242 | |
Disposals |
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At 31 December 2018 |
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Depreciation | ||||
At 1 January 2018 |
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Charge for the year |
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At 31 December 2018 |
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Carrying amount | ||||
At 31 December 2018 |
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At 31 December 2017 |
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5.
Debtors
2018 | 2017 | |||
£ | £ | |||
Other debtors |
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6.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Trade creditors |
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Social security and other taxes |
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Other creditors |
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7.
Creditors: amounts falling due after more than one year
2018 | 2017 | |||
£ | £ | |||
Other creditors |
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8.
Related party transactions
Included in debtors is a balance owed from Corinthian Access Limited of £51,632 (2017: £13,965), the company is connected by the directors. Included in debtors is a balance owed from Hayle Harbour Authority Operations Limited of £1,500 (2017: nil), the company is connected by the directors. Included in debtors is a balance owed from Sennybridge Limited of £34,544 (2017: £177,469 creditor ), the company is connected by the directors. Included in creditors is a balance owed to Corinthian Land Limited of nil (2017: £43,973 creditor), the company is connected by the directors.Included in creditors is a balance owed to Sennybridge Hayle Limited of £5,000 (2017: nil), the company is connected by the directors.