Registered number: 02446117 | ||||||||
FOR THE YEAR ENDED 31 MARCH 2018 | ||||||||
Prepared By: | ||||||||
Affinity Accountancy | ||||||||
44 | ||||||||
Charlbury Road | ||||||||
Oxford | ||||||||
OX2 6UX |
McHaver Associates Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2018 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
Barry Hazel | ||||||||
REGISTERED OFFICE | ||||||||
Northamptonshire | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02446117 | ||||||||
ACCOUNTANTS | ||||||||
Affinity Accountancy | ||||||||
44 | ||||||||
Charlbury Road | ||||||||
Oxford | ||||||||
OX2 6UX |
McHaver Associates Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 MARCH 2018 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
McHaver Associates Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2018 | 2017 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
14,816 | 12,496 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT LIABILITIES | ( | (3,085) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Revaluation reserve | 1c,8 | 88,000 | 88,000 | |||||||
Profit and loss account | 269,465 | 283,911 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
............................. | ||||||||||
Alison Boler | ||||||||||
Director | ||||||||||
McHaver Associates Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2018 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 8). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 1 April 2017 | 375,000 | 375,000 | ||
At 31 March 2018 | 375,000 | 375,000 | ||
3. DEBTORS | 2018 | 2017 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | - | 217 | ||||||
- | 217 | |||||||
McHaver Associates Limited | ||||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2018 | 2017 | |||||||
£ | £ | |||||||
UK corporation tax | 2,879 | 2,616 | ||||||
VAT | - | 217 | ||||||
Directors current account | 8,052 | 8,052 | ||||||
Accruals | 4,696 | 4,696 | ||||||
15,627 | 15,581 | |||||||
5. EMPLOYEES | ||||||
2018 | 2017 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
6. PROVISIONS FOR LIABILITIES | 2018 | 2017 | ||||||
£ | £ | |||||||
Deferred taxation | 16,720 | - | ||||||
16,720 | - | |||||||
7. SHARE CAPITAL | 2018 | 2017 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
4 | 4 | |||||||
4 | 4 | |||||||
8. REVALUATION RESERVE | 2018 | 2017 | ||||||
£ | £ | |||||||
Revaluation reserve | 88,000 | 88,000 | ||||||
88,000 | 88,000 | |||||||