ACCOUNTS - Final Accounts

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED - Company Information

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Registered number: 09214760

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED

CONTENTS

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

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED

REGISTERED NUMBER: 09214760

BALANCE SHEET

AS AT 31 MARCH 2019

		2019		2018
Note		£		£


Current assets
Debtors: amounts falling due after more than one year	4	-		12,000
Debtors: amounts falling due within one year	4	13,806		1,806
Cash at bank and in hand		13,041		30,571
		26,847		44,377
Creditors: amounts falling due within one year	5	(43,180)		(59,279)
Net current liabilities			(16,333)		(14,902)
Total assets less current liabilities			(16,333)		(14,902)

Net liabilities			(16,333)		(14,902)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(16,335)	(14,904)
	(16,333)	(14,902)

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 (LEIGHTON BUZZARD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

1.	General information

Guildhall Estates (Leighton Buzzard) Limited 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 (£).

2.2

Financial support

In the opinion of the directors, continued financial support from Earlplace Limited will be available such that the company will continue trading and satisfy its financial commitments. Accordingly, the financial statements are prepared on a going concern basis.

2.3

Revenue

Revenue is recognised on the sale of land and property on completion.

2.4

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 and loans to related parties

2.5

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.

2.6

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.

2.7

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

2.Accounting policies (continued)

2.8

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Employees

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

4.	Debtors
		2019	2018
		£	£

Due after more than one year
Other debtors	-	12,000

					2019	2018
					£	£

Due within one year
Amounts owed by group undertakings	1,806	1,806
Other debtors	12,000	-
	13,806	1,806

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

Corporation tax	-	14,714
Other creditors	18,500	18,500
Accruals and deferred income	24,680	26,065
	43,180	59,279

Page 3

GUILDHALL ESTATES (LEIGHTON BUZZARD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

6.	Immediate and ultimate parent undertaking

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

Page 4