Webb Estate Limited - Period Ending 2018-03-31

Registration number: 03727126

Webb Estate Limited



Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Flemmings Chartered Accountants
76 Canterbury Road
Croydon
Surrey
CR0 3HA

Webb Estate Limited
 

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

Webb Estate Limited
 

Company Information

Directors

F A Dickens D C Mullarkey Mr H C Shah I L Aarons A P Clarke J P Dickens R J M Souter T Haden-Scott L K Porter S W F Marsden Mr A Paice

Registered office

76 Canterbury Road Croydon Surrey CR0 3HA

Accountants

Flemmings Chartered Accountants 76 Canterbury Road Croydon Surrey CR0 3HA

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Webb Estate Limited
 

(Registration number: 03727126)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Fixed assets
Tangible assets	4	93,620	93,620
Current assets
Debtors	5	1,843	-
Cash at bank		174,770	73,415
		176,613	73,415
Creditors: Amounts falling due within one year	6	(100,694)	(2,200)
Net current assets		75,919	71,215
Total assets less current liabilities		169,539	164,835
Creditors: Amounts falling due after more than one year	6	-	(95,381)
Net assets		169,539	69,454
Capital and reserves
Called up share capital		368	364
Share premium reserve		16,651	14,655
Other reserves		95,381	-
Profit and loss account		57,139	54,435
Total equity		169,539	69,454

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 25 October 2018 and signed on its behalf by:
 

......................................... F A Dickens Director

......................................... Mr H C Shah Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Webb Estate Limited
 

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
76 Canterbury Road
Croydon
Surrey
CR0 3HA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

No depreciation have been charged on the Freehold Property as in the directors' opinion its market value is in excess of cost.

Asset class	Depreciation method and rate
Freehold Property	None

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Webb Estate Limited
 

Notes to the Financial Statements for the Year Ended 31 March 2018

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2017 - 12).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 April 2017	93,620	93,620
At 31 March 2018	93,620	93,620
Depreciation
Carrying amount
At 31 March 2018	93,620	93,620
At 31 March 2017	93,620	93,620

Included within the net book value of land and buildings above is £93,620 (2017 - £93,620) in respect of freehold land and buildings.

No depreciation has been charged on the freehold property as in the directors' opinion its market value is in excess of cost.
 

5

Debtors

	2018 £	2017 £
Other debtors	1,843	-
	1,843	-

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Webb Estate Limited
 

Notes to the Financial Statements for the Year Ended 31 March 2018

6

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		3,123	2,200
Other creditors - project broadband		97,240	-
Corporation tax control		331	-
		100,694	2,200

Creditors: amounts falling due after more than one year

	Note	2018 £	2017 £
Due after one year
Loans and borrowings	7	-	95,381

7	Loans and borrowings

	2018 £	2017 £
Non-current loans and borrowings
Other loan 1 (over 5 yrs)	-	95,381

Since the loans have been without any fixed repayment date, they have now been capitalised as reserves.

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