Standon Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09722527 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2017

for

STANDON ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J H A Williams

G R Dale

REGISTERED OFFICE:

Gatefiled

Green Tye

Much Hadham

SG10 6JJ

REGISTERED NUMBER:

09722527 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

CURRENT ASSETS

Stocks

4,702

635,706

Debtors

3

521

18

Cash at bank and in hand

401,730

2

406,953

635,726

CREDITORS

Amounts falling due within one year

4

103,727

638,686

NET CURRENT ASSETS/(LIABILITIES)

303,226

(2,960

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,226

(2,960

)

CAPITAL AND RESERVES

Called up share capital

5

6

2

Retained earnings

6

303,220

(2,962

)

SHAREHOLDERS' FUNDS

303,226

(2,960

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2017 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 19th September 2018 and were signed on its behalf by:

J H A Williams - Director

G R Dale - Director

1.	STATUTORY INFORMATION

Standon Estates 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

VAT

521

18

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/17

31/12/16

£

£

Tax

72,285

-

Directors' current accounts

30,442

637,686

Accrued expenses

1,000

1,000

103,727

638,686

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/17

31/12/16

value:

£

£

6

Ordinary

£1

6

2

4 Ordinary shares of £1 were issued during the year for cash of £ 4 .

6.

RESERVES

Retained

earnings

£

At 1st January 2017

(2,962

)

Profit for the year

306,182

At 31st December 2017

303,220

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the Director's.