East Cliff Grange Freehold Limited - Limited company accounts 20.1
East Cliff Grange Freehold Limited - Limited company accounts 20.1
REGISTERED NUMBER: |
REPORT OF THE DIRECTOR AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 24TH JUNE 2020 |
FOR |
EAST CLIFF GRANGE FREEHOLD LIMITED |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 24th June 2020 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 5 |
EAST CLIFF GRANGE FREEHOLD LIMITED |
COMPANY INFORMATION |
for the Year Ended 24th June 2020 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Ossington Chambers |
6-8 Castle Gate |
Newark |
Nottinghamshire |
NG24 1AX |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
REPORT OF THE DIRECTOR |
for the Year Ended 24th June 2020 |
The director presents her report with the financial statements of the company for the year ended 24th June 2020. |
DIRECTOR |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
INCOME STATEMENT |
for the Year Ended 24th June 2020 |
24/6/20 | 24/6/19 |
Notes | £ | £ |
TURNOVER | ( |
) |
Administrative expenses | ( |
) |
OPERATING PROFIT and |
PROFIT BEFORE TAXATION |
Tax on profit | 4 |
PROFIT FOR THE FINANCIAL YEAR |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
BALANCE SHEET |
24th June 2020 |
24/6/20 | 24/6/19 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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 were approved by the director and authorised for issue on |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 24th June 2020 |
1. | STATUTORY INFORMATION |
East Cliff Grange Freehold Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2019 - NIL). |
24/6/20 | 24/6/19 |
£ | £ |
Directors' remuneration |
EAST CLIFF GRANGE FREEHOLD LIMITED (REGISTERED NUMBER: 07963415) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 24th June 2020 |
4. | TAXATION |
Analysis of the tax charge |
The tax charge on the profit for the year was as follows: |
24/6/20 | 24/6/19 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on profit |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24/6/20 | 24/6/19 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
24/6/20 | 24/6/19 |
£ | £ |
Trade creditors |
Tax |
Accrued expenses |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 24/6/20 | 24/6/19 |
value: | £ | £ |
Ordinary shares | £1 | 15 | 15 |
8. | RESERVES |
Retained |
earnings |
£ |
Profit for the year |
At 24th June 2020 |