REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
IMPERIAL DLP DEVELOPMENTS LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
IMPERIAL DLP DEVELOPMENTS LTD |
IMPERIAL DLP DEVELOPMENTS LTD (REGISTERED NUMBER: 06160633) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
IMPERIAL DLP DEVELOPMENTS LTD (REGISTERED NUMBER: 06160633) |
BALANCE SHEET |
31 MARCH 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets/(liabilities) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 7 | ( |
) |
Provisions for liabilities | 9 | ( |
) |
Net assets |
Capital and reserves |
Called up share capital | 10 |
Revaluation reserve |
Retained earnings |
Shareholders' funds |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the Board of Directors on |
IMPERIAL DLP DEVELOPMENTS LTD (REGISTERED NUMBER: 06160633) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
1. | Statutory information |
Imperial DLP Developments Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered number is 06160633. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and |
business address is 29, Wood Lane, Bournemouth, Dorset, BH11 9NG. |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts receivable in respect of rental income from the letting of property excluding VAT and is |
recognised in accordance with the terms of the lease.Additionally revenue has been generated from small works, new build, |
construction projects. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Freehold Property |
Freehold properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at |
each reporting date with changes in fair value recognised in profit or loss. |
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. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred taxation |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
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. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
IMPERIAL DLP DEVELOPMENTS LTD (REGISTERED NUMBER: 06160633) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
4. | Tangible fixed assets |
Fixtures |
Freehold | Plant and | and | Motor |
property | machinery | fittings | vehicles | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1 April 2017 |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
Depreciation |
At 1 April 2017 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 March 2018 |
Net book value |
At 31 March 2018 |
At 31 March 2017 |
5. | Debtors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Directors' current accounts | 1,653 | - |
6. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
VAT | 85 | 684 |
Other creditors |
Directors' current accounts | - | 192,887 |
Accruals and deferred income |
7. | Creditors: amounts falling due after more than one year |
2018 | 2017 |
£ | £ |
Bank loans |
8. | Secured debts |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Bank loans |
IMPERIAL DLP DEVELOPMENTS LTD (REGISTERED NUMBER: 06160633) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2018 |
9. | Provisions for liabilities |
2018 | 2017 |
£ | £ |
Deferred tax | - | 6,070 |
Deferred |
tax |
£ |
Balance at 1 April 2017 |
Credit to Statement of comprehensive income during year | ( |
) |
Unused amounts reversed during year | ( |
) |
Balance at 31 March 2018 |
10. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 10 | 10 |
11. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 31 March 2018 and 31 March 2017: |
2018 | 2017 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
As at the balance sheet date the directors Mr & Mrs Johnson owed the company £1,653. This is shown within other debtors |
and was repaid within nine months of the year end. |
12. | Ultimate controlling party |
The company is controlled by the directors, Mr & Mrs A Johnson, by virtue of their combined 100% holding in the voting |
share capital. |