Nicholas Belt (Estate Agency) Limited - Accounts to registrar

REGISTERED NUMBER: 00832773 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

NICHOLAS BELT (ESTATE AGENCY) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C N Belt

C Belt

SECRETARY:

C N Belt

REGISTERED OFFICE:

24 Prospect Street

Bridlington

East Yorkshire

YO15 2AL

REGISTERED NUMBER:

00832773 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

BANKERS:

Barclays Bank Plc

6 Manor Street

Bridlington

East Yorkshire

YO15 2RU

FIXED ASSETS

Tangible assets

4

4,461

5,248

CURRENT ASSETS

Debtors

5

11,791

1,752

Cash at bank and in hand

186,135

156,509

197,926

158,261

CREDITORS

Amounts falling due within one year

6

63,318

43,349

NET CURRENT ASSETS

134,608

114,912

TOTAL ASSETS LESS CURRENT
LIABILITIES

139,069

120,160

PROVISIONS FOR LIABILITIES

582

671

NET ASSETS

138,487

119,489

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

138,387

119,389

SHAREHOLDERS' FUNDS

138,487

119,489

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 July 2017 and were signed on its behalf by:

C N Belt - Director

1.	STATUTORY INFORMATION

Nicholas Belt (Estate Agency) 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 company has adopted FRS 102 1A for small entities in these financial statements, however, due to the nature

of the company's trade, assets and liabilities, there are no transitional adjustments.

Turnover

Turnover represents commission on the sale of properties, excluding discounts, rebates, value added tax and

other taxes. Income is recognised on completion of the property 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

-

15% on reducing balance

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

32,817

DEPRECIATION

At 1 April 2016

27,569

Charge for year

787

At 31 March 2017

28,356

NET BOOK VALUE

At 31 March 2017

4,461

At 31 March 2016

5,248

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

11,376

233

Other debtors

415

1,519

11,791

1,752

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

2,062

3,560

Taxation and social security

47,845

35,809

Other creditors

13,411

3,980

63,318

43,349

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

100

Ordinary

£1

100

8.	ULTIMATE CONTROLLING PARTY

The controlling party is C N Belt.