Agris Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09822483 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

AGRIS GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Faldes

Mr S N Vincent

REGISTERED OFFICE:

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

REGISTERED NUMBER:

09822483 (England and Wales)

ACCOUNTANTS:

Daniel Wolfson & Co Ltd

Chartered Accountants

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Property, plant and equipment

4

401,314

400,000

CURRENT ASSETS

Debtors

5

-

4,850

Cash at bank

123,594

165,999

123,594

170,849

CREDITORS

Amounts falling due within one year

6

31,238

30,669

NET CURRENT ASSETS

92,356

140,180

TOTAL ASSETS LESS CURRENT LIABILITIES

493,670

540,180

CREDITORS

Amounts falling due after more than one year

7

(282,100

)

(375,600

)

PROVISIONS FOR LIABILITIES

(7,936

)

(7,936

)

NET ASSETS

203,634

156,644

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

203,632

156,642

SHAREHOLDERS' FUNDS

203,634

156,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 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 and authorised for issue on 26 November 2020 and were signed on its behalf by:

Mr J Faldes - Director

Mr S N Vincent - Director

1.	STATUTORY INFORMATION

Agris Group 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents and management charges receivable.

Tangible fixed assets

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

Land and buildings

-

not provided

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Freehold

property

£

COST OR VALUATION

At 1 April 2019

400,000

Additions

1,314

At 31 March 2020

401,314

NET BOOK VALUE

At 31 March 2020

401,314

At 31 March 2019

400,000

The property has been valued at the balance sheet date by the directors, who believes the carrying value to be its fair value. There has been no valuation of investment property by an independent valuer.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

-

4,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

613

-

Tax

11,961

12,099

Directors' current accounts

18,064

13,760

Accruals and deferred income

600

4,810

31,238

30,669

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Directors' loan accounts

282,100

375,600

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

2

Ordinary

£1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2019

156,642

Profit for the year

50,990

Dividends

(4,000

)

At 31 March 2020

203,632

10.	RELATED PARTY DISCLOSURES

During the year, dividends totalling £4,000 (2019-£4,000)) were paid to the directors of the company.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their combined ownership of the voting share capital.