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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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AVON TYRRELL ESTATE PROPERTIES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2018 |
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FOR |
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AVON TYRRELL ESTATE PROPERTIES LIMITED |
AVON TYRRELL ESTATE PROPERTIES LIMITED (REGISTERED NUMBER: 09749846) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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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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AVON TYRRELL ESTATE PROPERTIES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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25 St Thomas Street |
Winchester |
Hampshire |
SO23 9HJ |
AVON TYRRELL ESTATE PROPERTIES LIMITED (REGISTERED NUMBER: 09749846) |
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BALANCE SHEET |
31 MARCH 2018 |
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31.3.18 | 31.3.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES | ( |
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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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Revaluation reserve | 5 |
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Retained earnings |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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AVON TYRRELL ESTATE PROPERTIES LIMITED (REGISTERED NUMBER: 09749846) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
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1. | STATUTORY INFORMATION |
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Avon Tyrrell Estate Properties 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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The balance sheet shows that the company has net current liabilities of £259,527. The directors have indicated a |
clear awareness of the situation and believe that preparation of the accounts on a going concern basis is |
appropriate. In order that the company may continue to trade it is dependent upon the continued financial support |
of its directors. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Investment property |
The company's properties are held for long-term investment and are included in the balance sheet at their open |
market values. Any surplus or deficit on revaluation of such properties will be transferred to the profit and loss |
account. |
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Depreciation is not provided in respect of freehold investment properties. This policy represents a departure |
from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors |
consider that this policy is necessary in order that the accounts may give a true and fair view because current |
values and changes in current values are of prime importance rather than the calculation of systematic annual |
depreciation. |
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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. |
AVON TYRRELL ESTATE PROPERTIES LIMITED (REGISTERED NUMBER: 09749846) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
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3. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 April 2017 |
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Revaluations | 18,109 |
At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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At 31 March 2017 |
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Fair value at 31 March 2018 is represented by: |
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£ |
Valuation in 2018 | 18,109 |
Cost | 269,891 |
288,000 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.18 | 31.3.17 |
£ | £ |
Tax |
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Other creditors |
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Accruals and deferred income |
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5. | RESERVES |
Revaluation |
reserve |
£ |
No description | 14,668 |
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At 31 March 2018 |
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