Abbeyhill Construction Limited - Accounts to registrar (filleted) - small 18.2
Abbeyhill Construction Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 15 APRIL 2018 |
FOR |
ABBEYHILL CONSTRUCTION LIMITED |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 15 APRIL 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ABBEYHILL CONSTRUCTION LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 15 APRIL 2018 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Pavilion View |
19 New Road |
Brighton |
East Sussex |
BN1 1EY |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
BALANCE SHEET |
15 APRIL 2018 |
2018 | 2017 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
BALANCE SHEET - continued |
15 APRIL 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 15 APRIL 2018 |
1. | STATUTORY INFORMATION |
Abbeyhill Construction Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable for rents receivable. |
Rent receivable is recognised when demands for rent are made. |
Investments in associates |
Investments in associate undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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. |
Impairment |
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance |
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is |
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an |
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the |
impairment loss is a revaluation decrease. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 15 APRIL 2018 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Interest |
in |
associate |
£ |
COST |
Additions |
Impairments | ( |
) |
At 15 April 2018 |
NET BOOK VALUE |
At 15 April 2018 |
On 11 January 2018 the company acquired 33 ordinary shares of £1 at par value in Goldcastle Properties Limited |
(a company registered in England & Wales). |
The latest financial statements for the company dated 31 October 2017 report a negative balance sheet and on |
this basis the investment has been impaired to nil. |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 16 April 2017 |
and 15 April 2018 |
NET BOOK VALUE |
At 15 April 2018 |
At 15 April 2017 |
The directors consider the value of the investment property as at 15 April 2018 to be fair value. The fair value has |
been determined by reference to properties of a similar size, condition, location and letting potential to those held |
by the company. |
Fair value at 15 April 2018 is represented by: |
£ |
Valuation in 2017 | 289,497 |
Cost | 110,503 |
400,000 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
as restated |
£ | £ |
Other debtors |
ABBEYHILL CONSTRUCTION LIMITED (REGISTERED NUMBER: 04415286) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 15 APRIL 2018 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
as restated |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
as restated |
£ | £ |
Deferred tax | 42,673 | 48,456 |
Deferred |
tax |
£ |
Balance at 16 April 2017 |
Provided during year | ( |
) |
Balance at 15 April 2018 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | as restated |
£ | £ |
ordinary | £1 | 1 | 1 |