back to EXMOOR ENTERPRISES LIMITED detail Exmoor Enterprises Limited - Filleted accounts
Registered number
Exmoor Enterprises Limited
Unaudited Filleted Accounts
30 November 2017
Exmoor Enterprises Limited
Registered number: 00307373
Balance Sheet
as at 30 November 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 124,139 124,139
Current assets
Cash at bank and in hand 5,307 4,517
Creditors: amounts falling due within one year 3 (5,314) (3,799)
Net current (liabilities)/assets (7) 718
Net assets 124,132 124,857
Capital and reserves
Called up share capital 882 882
Capital redemption reserve 918 918
Revaluation reserve 4 20,360 20,360
Profit and loss account 101,972 102,697
Shareholder's funds 124,132 124,857
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
V Pedlar
Approved by the board on 16 August 2018
Exmoor Enterprises Limited
Notes to the Accounts
for the year ended 30 November 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Tangible fixed assets
Land and buildings
At 1 December 2016 124,139
At 30 November 2017 124,139
At 30 November 2017 -
Net book value
At 30 November 2017 124,139
At 30 November 2016 124,139
3 Creditors: amounts falling due within one year 2017 2016
£ £
Corporation tax 3,181 3,186
Other creditors 2,133 613
5,314 3,799
4 Revaluation reserve 2017 2016
£ £
At 1 December 2016 20,360 20,360
At 30 November 2017 20,360 20,360
5 Other information
Exmoor Enterprises Limited is a private company limited by shares and incorporated in England. Its registered office is:
Glaven Farm Barn
Thornage road
NR25 7JE
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