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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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for |
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The Old Bell (Derby) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2018 |
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for |
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The Old Bell (Derby) Limited |
The Old Bell (Derby) Limited (Registered number: 08127060) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2018 |
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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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The Old Bell (Derby) Limited |
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Company Information |
for the Year Ended 31 July 2018 |
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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 |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
The Old Bell (Derby) Limited (Registered number: 08127060) |
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Balance Sheet |
31 July 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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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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( |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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ACCRUALS AND DEFERRED INCOME | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 10 |
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Retained earnings | 10 |
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SHAREHOLDERS' FUNDS |
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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. |
The Old Bell (Derby) Limited (Registered number: 08127060) |
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Balance Sheet - continued |
31 July 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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The Old Bell (Derby) Limited (Registered number: 08127060) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2018 |
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1. | STATUTORY INFORMATION |
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The Old Bell (Derby) Limited is a
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Wales. The 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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Turnover |
Turnover represents the amounts derived from the provision of rental properties to customers during |
the year. Rental income for the use of premises are accounted for in the year in which the services are |
provided. |
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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 or, if held under a finance lease, over the lease term, whichever is the shorter: |
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Plant and machinery | - | 15% on reducing balance |
Fixtures and fittings | - | 15% on reducing balance |
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Investment property |
Investment property is not depreciated but is revalued annually at its fair value, in accordance with the |
Financial Reporting Standard 102 (Section 1a). Any aggregate surplus or deficit arising from changes |
in fair value are taken to the profit and loss account and transferred to a fair value reserve. |
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Deferred taxation |
A provision is made at current rates for taxation deferred in respect of all material timing differences, |
including provisions made for potential tax arising on assets which have been revalued. |
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A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable |
profits from which the future reversal of underlying timing differences and losses can be deducted. |
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Government grants |
Capital grants are recognised and deferred over the useful economic lives of the assets affected. |
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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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The Old Bell (Derby) Limited (Registered number: 08127060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2017 |
and 31 July 2018 |
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DEPRECIATION |
At 1 August 2017 |
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Charge for year |
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At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2017 |
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Revaluations | 150,000 |
At 31 July 2018 |
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NET BOOK VALUE |
At 31 July 2018 |
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At 31 July 2017 |
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Fair value at 31 July 2018 is represented by: |
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£ |
Valuation in 2018 | 950,000 |
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If investment property had not been revalued it would have been included at the following historical |
cost: |
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2018 | 2017 |
£ | £ |
Cost | 396,765 | 396,765 |
Aggregate depreciation | (23,805 | ) | (15,870 | ) |
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Investment property was valued on a fair value basis on 31 July 2018 by the director . |
The Old Bell (Derby) Limited (Registered number: 08127060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other loans |
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Amounts owed to related parties |
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Director's current account | 114,911 | 117,375 |
Accrued expenses |
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Deferred government grants |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other loans - 1-2 years | 30,052 | 28,755 |
Other loans - 2-5 years | 99,255 | 94,969 |
Other loans over 5 years |
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Amounts falling due in more than five years: |
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Repayable by instalments |
Other loans over 5 years | 34,268 | 73,509 |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Other loans |
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9. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 97,321 | 70,386 |
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Deferred |
tax |
£ |
Balance at 1 August 2017 |
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Credit to profit and loss | 26,935 |
Balance at 31 July 2018 |
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The Old Bell (Derby) Limited (Registered number: 08127060) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2018 |
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10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 August 2017 |
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344,192 |
Profit for the year |
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Revaluation adjustment | (150,000 | ) | 150,000 | - |
Deferred tax adjustment | 26,935 | (26,935 | ) | - |
At 31 July 2018 |
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500,268 |