REGISTERED NUMBER:
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TOWER SEA PRODUCTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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REGISTERED NUMBER:
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TOWER SEA PRODUCTS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2019 |
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TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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Page |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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TOWER SEA PRODUCTS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
531 Denby Dale Road West |
Calder Grove |
Wakefield |
West Yorkshire |
WF4 3ND |
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BANKERS: |
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55 Victoria Street |
Grimsby |
N E Lincolnshire |
DN31 1UX |
TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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ABRIDGED BALANCE SHEET |
31 DECEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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ABRIDGED BALANCE SHEET - continued |
31 DECEMBER 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Tower Sea Products Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Freehold property | - |
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Short leasehold | - |
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Plant and machinery | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Exchange differences are taken into account in arriving at the operating result. |
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Investments |
Fixed asset investments are stated at the lower of cost and net realisable value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Freehold | Short | Plant and |
property | leasehold | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2019 |
and 31 December 2019 |
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DEPRECIATION |
At 1 January 2019 |
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Charge for year |
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At 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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5. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST OR VALUATION |
At 1 January 2019 | 342,110 |
Revaluations | 12,249 |
Reclassification/transfer | (75,000 | ) |
At 31 December 2019 | 279,359 |
NET BOOK VALUE |
At 31 December 2019 | 279,359 |
At 31 December 2018 | 342,110 |
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Cost or valuation at 31 December 2019 is represented by: |
Totals |
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Valuation in 2015 | (78,693 | ) |
Valuation in 2016 | 30,465 |
Valuation in 2017 | 33,817 |
Valuation in 2018 | (6,537 | ) |
Valuation in 2019 | 12,249 |
Cost | 288,058 |
279,359 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 January 2019 |
and 31 December 2019 |
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NET BOOK VALUE |
At 31 December 2019 |
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At 31 December 2018 |
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TOWER SEA PRODUCTS LIMITED (REGISTERED NUMBER: 01404011) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2019 |
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7. | RELATED PARTY DISCLOSURES |
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During the year the company traded with other businesses in which the director had an interest, all on a commercial |
basis. the transactions are recorded below: |
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Norvik Foods Limited 2019 2018 |
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Rents received £ 12,000 £ 12,000 |
Amount owing at year end £194,712 £145,427 |
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Hodgepodge Limited |
Amount owing at year end £263,298 £263,683 |
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8. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mrs B A Hodge. |