Scotchbarn Property Developments Ltd - Accounts to registrar (filleted) - small 18.2

Scotchbarn Property Developments Ltd - Accounts to registrar (filleted) - small 18.2

SCOTCHBARN PROPERTY DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 10210794 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2018 TO 31 DECEMBER 2019

FOR

SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED
SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10210794)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 July 2018 to 31 December 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED

COMPANY INFORMATION
for the Period 1 July 2018 to 31 December 2019







DIRECTORS: J F Beesley
P Beesley
Mrs J S Beesley
Mrs J Beesley





REGISTERED OFFICE: c/o Beesley & Fildes Limited
Wilson Road
Huyton
Merseyside
L36 6AF





REGISTERED NUMBER: 10210794 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB
Page 1
SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10210794)

STATEMENT OF FINANCIAL POSITION
31 December 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Stocks 4 - 402,495
Debtors 5 418 1,518
Cash at bank 451,384 395
451,802 404,408
CREDITORS
Amounts falling due within one year 6 94,893 407,851
NET CURRENT ASSETS/(LIABILITIES) 356,909 (3,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
356,909
(3,443
)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 356,809 (3,543 )
SHAREHOLDERS' FUNDS 356,909 (3,443 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 20 February 2020 and were signed on its behalf
by:





J F Beesley - Director


The notes form part of these financial statements

Page 2
SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10210794)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 July 2018 to 31 December 2019

1. STATUTORY INFORMATION

Scotchbarn Property Developments Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - 4 ).

4. STOCKS
2019 2018
£    £   
Work-in-progress - 402,495

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
VAT 418 1,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Tax 83,696 -
Other creditors - 100,000
Directors' loan accounts 9,539 306,900
Accrued expenses 1,658 951
94,893 407,851

Page 3 continued...
SCOTCHBARN PROPERTY DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 10210794)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 July 2018 to 31 December 2019

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
100 Ordinary £1.00 100 100

8. RESERVES
Retained
earnings
£   

At 1 July 2018 (3,543 )
Profit for the period 360,352
At 31 December 2019 356,809

9. ULTIMATE CONTROLLING PARTY

By virtue of their shareholdings, Mr JF Beesley and Mr P Beesley control the company.

Page 4