Company Registration No. 02420928 (England and Wales)
DOWNSVIEW (SNODLAND) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
PAGES FOR FILING WITH REGISTRAR
DOWNSVIEW (SNODLAND) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
DOWNSVIEW (SNODLAND) LTD (REGISTERED NUMBER: 02420928)
BALANCE SHEET
AS AT
31 MARCH 2021
31 March 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
3
361
481
Current assets
Stocks
200
2,950
Debtors
4
2
2
Cash at bank and in hand
20,203
22,563
20,405
25,515
Creditors: amounts falling due within one year
5
(40,925)
(41,045)
Net current liabilities
(20,520)
(15,530)
Total assets less current liabilities
(20,159)
(15,049)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(20,161)
(15,051)
Total equity
(20,159)
(15,049)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 9 December 2021
R Bruty
Director
DOWNSVIEW (SNODLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
- 2 -
1
Accounting policies
Company information
Downsview (Snodland) Ltd is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
19-21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
At the time of approving the financial statements, the company has been running a number of bars but with nowhere near the frequency expected during more normal times. With the support of the landlord the director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. As a result, the director continues to adopt the going concern basis of accounting in preparing the financial statements.
true
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% on reducing balance
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.6
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts
.
DOWNSVIEW (SNODLAND) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
3
3
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2020 and 31 March 2021
6,596
Depreciation and impairment
At 1 April 2020
6,115
Depreciation charged in the year
120
At 31 March 2021
6,235
Carrying amount
At 31 March 2021
361
At 31 March 2020
481
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
2
2
5
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
40,925
41,045