Brimpton Airfield Limited - Accounts to registrar (filleted) - small 18.1
Brimpton Airfield Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2018 |
| FOR |
| BRIMPTON AIRFIELD LIMITED |
| BRIMPTON AIRFIELD LIMITED (REGISTERED NUMBER: 08418821) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 28 FEBRUARY 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BRIMPTON AIRFIELD LIMITED |
| COMPANY INFORMATION |
| for the year ended 28 FEBRUARY 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 High Street |
| Thatcham |
| Berks |
| RG19 3JG |
| BRIMPTON AIRFIELD LIMITED (REGISTERED NUMBER: 08418821) |
| BALANCE SHEET |
| 28 FEBRUARY 2018 |
| 28.2.18 | 28.2.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BRIMPTON AIRFIELD LIMITED (REGISTERED NUMBER: 08418821) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 28 FEBRUARY 2018 |
| 1. | STATUTORY INFORMATION |
| Brimpton Airfield Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Office equipment | - |
| 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 (2017 - 1 ). |
| BRIMPTON AIRFIELD LIMITED (REGISTERED NUMBER: 08418821) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 28 FEBRUARY 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Office |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 March 2017 |
| Additions |
| At 28 February 2018 |
| DEPRECIATION |
| At 1 March 2017 |
| Charge for year |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.18 | 28.2.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.18 | 28.2.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CONTINGENT LIABILITIES |
| There were no contingent liabilities on 28th February 2018 or 28th February 2017. |
| 8. | RELATED PARTY DISCLOSURES |
| The company is associated with Sylmar Aviation & Services Ltd which is controlled by Mr A. J. House. During |
| the year, the company incurred costs for management charges of Nil (2017 : Nil) The balance outstanding, as |
| shown in debtors, was £8249 (2017 : £7911) |
| 9. | ULTIMATE CONTROLLING PARTY |
| On 29 June 2016 the company alloted 999 10p ordinary shares. The director of the company, Mr R Greatrex, is |
| now considered to be the ultimate controlling party by virtue of a controlling interest of the issued ordinary share |
| capital. |