Accounts filed on 31-12-2018


ACCOUNTS
FOR THE YEAR ENDED 31/12/2018





DIRECTORS
Graham Robeson



SECRETARY
Yvonne Kelsey


REGISTERED OFFICE
2 Duke Street
London
SW1Y 6BN


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03398689


ACCOUNTS
FOR THEYEARENDED31/12/2018



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		-


BALANCE SHEET AT 31/12/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets			929,924		929,924
Investment Assets	3		1,899,998		1,899,998

			2,829,922		2,829,922

CURRENT ASSETS
Debtors	4	179		3,466
Cash at bank and in hand		8,021		41,362
		8,200		44,828
CREDITORS: Amounts falling due within one year	5	4,480,406		4,567,378
NET CURRENT LIABILITIES			(4,472,206)		(4,522,550)
TOTAL ASSETS LESS CURRENT LIABILITIES			(1,642,284)		(1,692,628)

CAPITAL AND RESERVES

Called up share capital	7		2		2
Profit and loss account			(1,642,286)		(1,692,630)
SHAREHOLDERS' FUNDS			(1,642,284)		(1,692,628)

For the year ending 31/12/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 02/09/2019 and signed on their behalf by



.............................
Graham Robeson
Director

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.
The Investment Property referred to in Tangible assets has been shown at cost in the periods 2017 and 2018. Measures are taken to determine the fair value of the property for accounting periods beginning 01.01.2019. As a result deferred tax has not been recognised in those periods.




1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




3. FiNANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/01/2018	1,899,998	1,899,998
At 31/12/2018	1,899,998	1,899,998
Amortisation
Net Book Amounts
At 31/12/2018	1,899,998	1,899,998
At 31/12/2017	1,899,998	1,899,998
At 31 December 2018 and 2017 Abergrave Ltd is a 80% owned subsidiary of the Company. Abergrave Ltd was incorporated in England and Wales and its net book value of £1.9m (measured at cost) is reflected as an investment at both 31 December 2018 and 2017. Abergrave Ltd derives income from property letting and had aggregate capital and reserves at 31 December 2018 of £2,951,650 and made a profit in the year of £39,040.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	(3)	3,277
Prepayments	182	189
	179	3,466




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
Trade creditors	122	-
Amounts due to group companies	4,480,284	4,567,378
	4,480,406	4,567,378




6. EMPLOYEES

	2018	2017
	No.	No.
Average number of employees	-	-
The Company did not employ any personnel during the period 2018 (2017).




7. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




8. CONTROLLING PARTY
As at 31 December 2018 the Company is a subsidiary of Newstead Enterprises Ltd, which is incorporated in the British Virgin Islands.




9. PRINCIPLE SUBSIDIARIES
At 31 December 2018 and 2017, Colegate Management Ltd, Edgefield Holdings Ltd, Sokar Ltd, RowCap Nominees Ltd, Inoco Ltd, Lawgra (No.365) Ltd, European Union Properties Ltd, The London and Suburban Land Building Company Ltd, Blackfish Capital Ltd, Redham Ltd, Beetley Holdings Ltd and Brooksford Ltd were all 100% subsidiaries of the Company. All companies are incorporated in England & Wales.
Colegate Management Ltd had aggregate reserves of (£7.1m), Lawgra £405.8k, Edgefield Holdings Ltd (£39.5k), Inoco Ltd (£50.1m), European Union Properties (£6.7k), The London and Suburban Land and Building Company Ltd (£138.6k), Blackfish Capital Ltd (£169k), Redham Ltd (£10.3k), Beetley Holdings Ltd £2, Brooksford Ltd (£152). Considering its subsidiary undertakings the aggregate net book value to the Company has been valued at £nil.
Corpusty Ltd and Ingworth Ltd, both dormant, applied to be struck off from the Registrar of Companies, which was granted before the period end 2018.