ACCOUNTS - Final Accounts

GUILDHALL ESTATES LIMITED - Company Information

07635784

GUILDHALL ESTATES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019


GUILDHALL ESTATES LIMITED

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4


GUILDHALL ESTATES LIMITED REGISTERED NUMBER:07635784

BALANCE SHEET

AS AT 31 MARCH 2019

		2019		2018
Note		£		£

Fixed assets
Investments	4		8		8
Current assets
Debtors	5	2,543		7,587
Cash at bank and in hand		5,400		2,738
		7,943		10,325
Creditors: amounts falling due within one year	6	(3,441)		(3,319)
Net current assets			4,502		7,006
Total assets less current liabilities			4,510		7,014

Net assets			4,510		7,014

Capital and reserves
Called up share capital	5,000	5,000
Share premium account	250	250
Profit and loss account	(740)	1,764
	4,510	7,014

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2019.

L R Grove

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


GUILDHALL ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

Guildhall Estates Limited (the Company) is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is 17 Hockley Court, 2401 Stratford Road, Hockley Heath, West Midlands, B94 6NW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The functional and presentational currency of the Company is Sterling (£).
The Company is the parent undertaking of a small group and as such, is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

2.2

Management charges

Management charges are recognised by the Company in respect of services supplied during the year on a receivable basis, exclusive of Value Added Tax.

2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2018 - 2).

Page 2


GUILDHALL ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 April 2018	8
	At 31 March 2019	8

Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name Class of Share Holding Principal activity
Guildhall Estates (Old Sarum) Limited Ordinary 100% Property development
Guildhall Estates (East Melksham) Limited Ordinary 100% Property development
Guildhall Estates (Leighton Buzzard) Limited Ordinary 100% Property development
Guildhall Estates (Merton Rise) Limited Ordinary 100% Dormant

Debtors

					2019	2018
					£	£

Due after more than one year
Other debtors	-	1,837
Due within one year
Amounts owed by group undertakings	690	-
Other debtors	1,853	5,750
	2,543	7,587

Page 3


GUILDHALL ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

6.	Creditors: Amounts falling due within one year
		2019	2018
		£	£

Trade creditors	96	-
Amounts owed to group undertakings	1,806	1,819
Amounts owed to joint ventures	39	-
Accruals and deferred income	1,500	1,500
	3,441	3,319

7.	Ultimate parent undertaking

The immediate and ultimate parent undertaking is Earlplace Limited. The address and principal place of business is 17 Hockley Court, 2401 Stratford Road, Hockley Heath, West Midlands, B94 6NW.

Page 4