Metropolitan Land Dorset Co Ltd - Period Ending 2018-06-30

Registration number: 08081064

Metropolitan Land Dorset Co Ltd

Annual Report and Financial Statements

for the Year Ended 30 June 2018

Metropolitan Land Dorset Co Ltd

(Registration number: 08081064)
Balance Sheet as at 30 June 2018

	Note	2018		2017
		£	£	£	£
Fixed assets
Investment property	3		1,352		1,352
Creditors: Amounts falling due within one year	4		(1,252)		(1,252)
Net assets			100		100
Capital and reserves
Called up share capital		100		100
Total equity			100		100

For the financial year ending 30 June 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 9 September 2018 and signed on its behalf by:
 

R Soole

Director

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Metropolitan Land Dorset Co Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2018

1	General information

The company is a private company limited by share capital incorporated in England and Wales. The company is dormant and has not traded during the year.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
United Kingdom

The principal place of business is:
79 Stoughton Avenue
Cheam
Surrey
SM3 8PH
United Kingdom

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable property determined annually by the company's directors. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Deferred tax

The valuation of the investment property at the year end is considered to be unchanged from its historical cost therefore no deferred tax provision is required.

3	Investment properties

	2018 £	2017 £
Fair value
At 1 July 2017	1,352	1,352
At 30 June 2018	1,352	1,352

There has been no valuation of investment property by an independent valuer.

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Metropolitan Land Dorset Co Ltd

Notes to the Financial Statements
for the Year Ended 30 June 2018

4

Creditors

	Note	2018 £	2017 £
Due within one year
Amounts due to related parties	5	1,252	1,252

5	Related party transactions

Summary of transactions with parent

The Metropolitan Land and House Company Limited
 The loan owed to the parent company by Metropolitan Land Dorset Co Ltd at 30 June 2018 amounted to £1,252 (2017 - £1,252).
 

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