Easby Stud And Development Company Limit - Accounts to registrar (filleted) - small 18.2

Easby Stud And Development Company Limit - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 01725969(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASBY STUD AND DEVELOPMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr G R Orchard
Mrs L Orchard





REGISTERED OFFICE: Heatherlea
37 Quakers Lane
Richmond
North Yorkshire
DL10 4BB





REGISTERED NUMBER: 01725969(England and Wales)





ACCOUNTANTS: Robson Laidler (Durham) Limited
Accountants
Hadrian House
Front Street
Chester le Street
County Durham
DH3 3DB

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)

BALANCE SHEET
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 345 691
Investment property 5 1,026,778 1,041,778
1,027,123 1,042,469

CURRENT ASSETS
Debtors 6 7,370 79,953
Cash at bank 639,692 644,628
647,062 724,581
CREDITORS
Amounts falling due within one year 7 14,970 95,274
NET CURRENT ASSETS 632,092 629,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,659,215

1,671,776

PROVISIONS FOR LIABILITIES 13,783 16,078
NET ASSETS 1,645,432 1,655,698

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 1,645,332 1,655,598
1,645,432 1,655,698

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)

BALANCE SHEET - continued
31 DECEMBER 2019


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2020
and were signed on its behalf by:





Mr G R Orchard- Director


EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Easby Stud And Development Company 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 (£).


Rounding is to the nearest whole pound.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of
Income and Retained Earnings, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property
Investment properties are valued at their open market value. No depreciation is provided on freehold
investment properties.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2018 - 2) .

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2019
and 31 December 2019 9,983
DEPRECIATION
At 1 January 2019 9,292
Charge for year 346
At 31 December 2019 9,638
NET BOOK VALUE
At 31 December 2019 345
At 31 December 2018 691

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2019 1,041,778
Revaluations (15,000 )
At 31 December 2019 1,026,778
NET BOOK VALUE
At 31 December 2019 1,026,778
At 31 December 2018 1,041,778

The investment property has been recorded at the year end date at fair value as assessed by the
Directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 7,328 -
Other debtors 42 79,953
7,370 79,953

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 2,851 1,761
Taxation and social security 6,773 85,031
Other creditors 5,346 8,482
14,970 95,274

EASBY STUD AND DEVELOPMENT COMPANY
LIMITED (REGISTERED NUMBER: 01725969)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

8. RESERVES

Within the profit and loss account reserve is a fair value adjustment of investment property of £199,932
(2018 : £214,932), being the uplift in fair value above cost and the associated deferred tax provided on
the uplift of £13,783 (2018 : £16,077). As these fair value adjustments are not realised profits or
losses, the amount of £186,149 (2018: £198,855) derived from these items form unrealised, non
distributable reserves.