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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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19 MADEIRA PLACE (BRIGHTON) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2019 |
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FOR |
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19 MADEIRA PLACE (BRIGHTON) LIMITED |
19 MADEIRA PLACE (BRIGHTON) LIMITED (REGISTERED NUMBER: 03264487) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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19 MADEIRA PLACE (BRIGHTON) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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30 New Road |
Brighton |
East Sussex |
BN1 1BN |
19 MADEIRA PLACE (BRIGHTON) LIMITED (REGISTERED NUMBER: 03264487) |
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BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Share premium | 7 |
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Retained earnings | 7 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
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19 MADEIRA PLACE (BRIGHTON) LIMITED (REGISTERED NUMBER: 03264487) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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19 Madeira Place (Brighton) 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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The presentation currency of the financial statements is the Pound Sterling (£). |
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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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Turnover represents ground rents invoiced during the year. |
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Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Office equipment - 25% on cost |
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With the exception of freehold property, tangible fixed assets are stated at cost (or deemed cost) or valuation less |
accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset |
capable of operating as intended. |
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Freehold property is carried at revalued amount, being fair value at the date of valuation. Revaluations are performed with |
sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using |
fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against |
the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. |
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Any revaluation increase in the carrying amount of freehold property is recognised in other comprehensive income and |
included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset |
previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease |
previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income |
and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset |
are recognised in profit or loss. |
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Freehold property is not depreciated as the residual value is deemed to be materially the same as the current valuation. |
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Freehold property was revalued for the first time during the current financial year, whilst it was carried at cost less |
accumulated depreciation and impairment in previous periods. The use of a policy of revaluation provides more relevant and |
reliable information about the value of the property owned by the company. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
19 MADEIRA PLACE (BRIGHTON) LIMITED (REGISTERED NUMBER: 03264487) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2019 |
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4. | TANGIBLE FIXED ASSETS |
Freehold | Office |
property | Equipment | Totals |
£ | £ | £ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Freehold property was valued on an open market basis on 31/03/19 by the directors. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Maintenance fund |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 5 | 5 |
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7. | RESERVES |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 April 2018 |
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7,620 |
Profit for the year |
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At 31 March 2019 |
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7,797 |