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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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Majordetail Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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for |
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Majordetail Ltd |
Majordetail Ltd (Registered number: 02585060) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Majordetail Ltd |
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Company Information |
for the Year Ended 31 January 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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Cabourn House |
Station Street |
Bingham |
Nottinghamshire |
NG13 8AQ |
Majordetail Ltd (Registered number: 02585060) |
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Balance Sheet |
31 January 2019 |
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31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
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(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. |
Majordetail Ltd (Registered number: 02585060) |
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Balance Sheet - continued |
31 January 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 on
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Majordetail Ltd (Registered number: 02585060) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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Majordetail Ltd is a
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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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
added tax and other sales taxes. |
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Where the rental period straddles the financial year end, the proportion that relates to the following year is deferred. |
Equally if the invoice falls in the following year, any element of the sale that relates to the current year is accrued. |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market |
value is transferred to the investment property revaluation reserve. |
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Any impairment of the investment properties is deducted from the investment property revaluation reserve if the |
impairment does not indicate a permanent diminution in value. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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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. |
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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. |
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True and fair view override |
Property treated as investment property are not depreciated in accordance with the requirements of Accounting |
Standards.This is a departure from the general requirement of the Companies Act that all buildings are depreciated over |
their useful economic life. It is considered that for proper understanding of the financial position of accounts containing |
investment properties that such properties be included in the Balance Sheet at current value rather than applying a |
calculation of systematic depreciation. This treatment has been adopted by the directors. |
Majordetail Ltd (Registered number: 02585060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2018 |
and 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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Fair value at 31 January 2019 is represented by: |
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£ |
Valuation in 2009 | 1,676,703 |
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If the investment property had not been revalued it would have been included at the following historical cost: |
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31.1.19 | 31.1.18 |
£ | £ |
Cost | 952,672 | 952,672 |
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Investment property was valued on an open market basis on 1 February 2009 by Savills Estate Agents . |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Bank loans and overdrafts |
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Taxation and social security |
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Other creditors |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Other creditors |
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Majordetail Ltd (Registered number: 02585060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 February 2018 |
and 31 January 2019 |
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