11 Wellington Road Ltd - Accounts to registrar (filleted) - small 18.2
11 Wellington Road Ltd - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 |
FOR |
11 WELLINGTON ROAD LTD |
11 WELLINGTON ROAD LTD (REGISTERED NUMBER: 09423910) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2021 |
Page |
Balance Sheet | 1 |
11 WELLINGTON ROAD LTD (REGISTERED NUMBER: 09423910) |
BALANCE SHEET |
31 MARCH 2021 |
31/3/21 | 31/3/20 |
£ | £ | £ | £ |
FIXED ASSETS |
CURRENT ASSETS |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES | ( |
) | ( |
) |
NOTES TO THE FINANCIAL STATEMENTS |
1. | STATUTORY INFORMATION |
11 Wellington Road Ltd is a |
Registered number: |
Registered office: |
2. | AVERAGE NUMBER OF EMPLOYEES |
The average number of employees during the year was |
3. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the year ended 31 March 2021, £297,768 (2020: £345,862) was due to the director of the company. |
11 WELLINGTON ROAD LTD (REGISTERED NUMBER: 09423910) |
BALANCE SHEET - continued |
31 MARCH 2021 |
NOTES TO THE FINANCIAL STATEMENTS |
4. | OTHER FINANCIAL COMMITMENTS |
Included within creditors is a mortgage of £665,289 (2020 : £676,245) which is secured by the way of legal charge over the company's investment property. The bank loan is interest only loan payable by monthly instalments over 25 years with the commercial rate of 3.09% to 3.59%. The loan will be fully repayable at the end of the term. |
Included in Creditors is Business Bounce Back loan of £49,000. The loan is repayable in 6 years with the rate of interest fixed at 2.50% per annum starting 13 months after the first drawdown. Interest due for the first 12 months is paid by the UK government as grant also known as business interruption payment. |
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 |