Finningley Estates Limited - Accounts to registrar (filleted) - small 18.2

Finningley Estates Limited - Accounts to registrar (filleted) - small 18.2

FINNINGLEY ESTATES LIMITED - Company Information

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REGISTERED NUMBER: 00352306 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

FINNINGLEY ESTATES LIMITED
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FINNINGLEY ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: Mrs G Raffle
Mrs P Symington





SECRETARY: Mrs G Raffle





REGISTERED OFFICE: Warringtons
Gelsmoor Road
Coleorton
LEICESTERSHIRE
LE67 8JF





REGISTERED NUMBER: 00352306 (England and Wales)
Page 1
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,055,000 1,055,000
1,055,000 1,055,000

CURRENT ASSETS
Debtors 6 28,059 29,027
Cash at bank and in hand 59,390 55,319
87,449 84,346
CREDITORS
Amounts falling due within one year 7 6,324 7,606
NET CURRENT ASSETS 81,125 76,740
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,136,125
1,131,740

PROVISIONS FOR LIABILITIES 133,051 133,051
NET ASSETS 1,003,074 998,689

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Investment revaluation reserve 8 780,061 780,061
Capital reserve 32,438 32,438
Retained earnings 185,575 181,190
SHAREHOLDERS' FUNDS 1,003,074 998,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 notes form part of these financial statements

Page 2 continued...
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)

BALANCE SHEET - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 November 2019 and were signed on its behalf
by:





Mrs G Raffle - Director


The notes form part of these financial statements

Page 3
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

Turnover
Turnover consists of income from the letting of residential properties in the United Kingdom.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

Page 4 continued...
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 April 2018
and 31 March 2019 631
DEPRECIATION
At 1 April 2018
and 31 March 2019 631
NET BOOK VALUE
At 31 March 2019 -
At 31 March 2018 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018
and 31 March 2019 1,055,000
NET BOOK VALUE
At 31 March 2019 1,055,000
At 31 March 2018 1,055,000

The investment property portfolio was professionally valued on 21 March 2013 by Grice & Hunter. The directors
feel that is still a valid market value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 23,908 25,673
Other debtors 1,169 -
Prepayments 2,982 3,354
28,059 29,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors - 1,033
Tax 4,544 4,843
Other creditors 480 480
Accrued expenses 1,300 1,250
6,324 7,606

Page 5 continued...
FINNINGLEY ESTATES LIMITED (REGISTERED NUMBER: 00352306)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

8. RESERVES
Investment
revaluation
reserve
£   
At 1 April 2018
and 31 March 2019 780,061

Page 6