Scotchbarn Property Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10210794 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

SCOTCHBARN PROPERTY DEVELOPMENTS

LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J F Beesley

P Beesley

Mrs J S Beesley

Mrs J Beesley

REGISTERED OFFICE:

c/o Beesley & Fildes Limited

Wilson Road

Huyton

Merseyside

L36 6AF

REGISTERED NUMBER:

10210794 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

CURRENT ASSETS

Stocks

4

402,495

98,780

Debtors

5

1,518

1,395

Cash at bank

395

11,012

404,408

111,187

CREDITORS

Amounts falling due within one year

6

407,851

112,900

NET CURRENT LIABILITIES

(3,443

)

(1,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,443

)

(1,713

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(3,543

)

(1,813

)

SHAREHOLDERS' FUNDS

(3,443

)

(1,713

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2018 and were signed on its behalf by:

J F Beesley - Director

1.	STATUTORY INFORMATION

Scotchbarn Property Developments 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4.

STOCKS

2018

2017

£

£

Work-in-progress

402,495

98,780

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

VAT

1,518

1,395

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

100,000

-

Directors' loan accounts

306,900

112,900

Accrued expenses

951

-

407,851

112,900

7.	ULTIMATE CONTROLLING PARTY

By virtue of their shareholdings, Mr JF Beesley and Mr P Beesley control the company.