The Office at Warton Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08765055 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

THE OFFICE AT WARTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M R Newbold

A J Marven

REGISTERED OFFICE:

c/o Polesworth Garage Limited

Grendon Road

Polesworth

Tamworth

Staffordshire

B78 1HA

REGISTERED NUMBER:

08765055 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Tangible assets

4

1,473

1,808

CURRENT ASSETS

Stocks

4,106

5,000

Debtors

5

4,256

2,819

Cash at bank and in hand

4,535

9,999

12,897

17,818

CREDITORS

Amounts falling due within one year

6

46,535

48,598

NET CURRENT LIABILITIES

(33,638

)

(30,780

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,165

)

(28,972

)

CAPITAL AND RESERVES

Called up share capital

7

4,000

Retained earnings

(36,165

)

(32,972

)

SHAREHOLDERS' FUNDS

(32,165

)

(28,972

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on its behalf
by:

A J Marven - Director

1.	STATUTORY INFORMATION

The Office at Warton Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below.

These policies have been consistently applied to all periods presented unless otherwise stated.

The financial statements have been prepared on a going concern basis on the grounds that the directors will

continue to support the company during the next 12 months.

Turnover

Turnover represents revenue from bar and food sales, excluding value added tax and is recognised at the point of

sale.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 tax

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 8 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

3,001

DEPRECIATION

At 1 January 2017

1,193

Charge for year

335

At 31 December 2017

1,528

NET BOOK VALUE

At 31 December 2017

1,473

At 31 December 2016

1,808

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

495

103

Other debtors

3,761

2,716

4,256

2,819

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

2,544

5,817

Taxation and social security

10,472

9,728

Other creditors

33,519

33,053

46,535

48,598

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

1,000

'A' Ordinary

£1

1,000

'B' Ordinary

£1

1,000

'C' Ordinary

£1

1,000

'D' Ordinary

£1

1,000

4,000

8.	RELATED PARTY DISCLOSURES

Directors

2017

2016

£

Amount due to related parties

30,015

Other related parties

The freehold of the property from which the company operates is held by a related party and is currently

occupied on a rent free basis.