Snow White Launderettes Limited - Accounts to registrar (filleted) - small 17.3
Snow White Launderettes Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
SNOW WHITE LAUNDERETTES LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SNOW WHITE LAUNDERETTES LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
135/137, Station Road, |
Chingford, |
London |
E4 6AG |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
BALANCE SHEET |
31ST MARCH 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 7 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
BALANCE SHEET - continued |
31ST MARCH 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
1. | STATUTORY INFORMATION |
Snow White Launderettes Limited is a |
The company's registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
Taxation |
Taxation for the period 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 period 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 period was |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST OR VALUATION |
At 1st June 2016 |
Revaluations |
At 31st March 2017 |
NET BOOK VALUE |
At 31st March 2017 |
At 31st May 2016 |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
4. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 31st March 2017 is represented by: |
Freehold |
property |
£ |
Valuation in 2006 | 102,447 |
Valuation in 2016 | 587,500 |
Valuation in 2017 | 290,000 |
Cost | 20,053 |
1,000,000 |
If freehold land and buildings had not been revalued they would have been included at the following historical |
cost: |
2017 | 2016 |
£ | £ |
Cost | 20,053 | 20,053 |
Value of land in freehold land and buildings | 250,000 | 250,000 |
Freehold land and buildings were valued on an open market basis on 31st March 2017 by R Hopkins, the director |
. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Related party debtors | 1,204 | - |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Corporation tax |
Other creditors |
Accrued expenses |
7. | RESERVES |
Fair |
value |
reserve |
£ |
At 1st June 2016 |
Revaluation in period | 106,950 |
At 31st March 2017 |
SNOW WHITE LAUNDERETTES LIMITED (REGISTERED NUMBER: 01555944) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JUNE 2016 TO 31ST MARCH 2017 |
8. | RELATED PARTY DISCLOSURES |
R. Hopkins is both a director of Snow White Launderettes Limited and a director of Foxstone Estates Limited. |
At the balance sheet date the amount outstanding, and due by Foxstone Estates Limited to Snow White |
Launderettes Limited, was £1,204 (2016- £nil). |
Foxstone Estates Limited paid rent to Snow White Launderettes Limited amounting to £7,000 (2016 - £nil) at |
normal commercial rates. |
Foxstone Estates Limited is the Parent Company. |
9. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling parties are R. Hopkins and J. Hopkins by virtue of their ownership of 100% of the |
issued share capital Foxstone Estates Limited, the company's parent company. |