Deanmast Limited - Accounts to registrar (filleted) - small 18.2
Deanmast Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
FOR |
DEANMAST LIMITED |
DEANMAST LIMITED (REGISTERED NUMBER: 03671397) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
DEANMAST LIMITED |
COMPANY INFORMATION |
for the year ended 30 June 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Statutory Auditor |
Magma House, 16 Davy Court |
Castle Mound Way |
Rugby |
CV23 0UZ |
DEANMAST LIMITED (REGISTERED NUMBER: 03671397) |
BALANCE SHEET |
30 June 2019 |
2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors on |
DEANMAST LIMITED (REGISTERED NUMBER: 03671397) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 June 2019 |
1. | STATUTORY INFORMATION |
Deanmast Limited is a private company limited by share capital, incorporated in England and Wales, registration |
number 03671397. The address of the registered office is The Courtyard Holt Lodge Farm, Horton, Wimborne, |
Dorset, BH21 7JN. |
2. | ACCOUNTING POLICIES |
Basis of preparation of financial statements |
The financial statements have been prepared under the historical cost convention and in accordance with Section |
1A Small Entities of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and |
the Republic of Ireland and the Companies Act 2006. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment |
losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and |
condition necessary for it to be capable of operating in the manner intended by management. |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if |
appropriate, or if there is an indication of a significant change since the last reporting date. |
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are |
recognised in profit or loss. |
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. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in |
profit or loss. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an |
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the |
asset and settle the liability simultaneously. |
Taxation |
The tax expense for the year comprises current and deferred tax. |
Tax is recognised in profit or loss 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. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the |
Balance Sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against |
the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have |
been met. |
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date. |
Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the |
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future |
receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the |
effective interest method, less any impairment. |
DEANMAST LIMITED (REGISTERED NUMBER: 03671397) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 June 2019 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2018 - |
4. | TANGIBLE FIXED ASSETS |
Long |
leasehold |
land & |
buildings |
£ |
COST |
At 1 July 2018 |
Disposals | ( |
) |
At 30 June 2019 |
NET BOOK VALUE |
At 30 June 2019 |
At 30 June 2018 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
6. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions |
with wholly owned subsidiaries within the group. |