Emlin Estates Ltd - Period Ending 2021-03-31

Emlin Estates Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Emlin Estates Ltd

Company Information

Directors

Mr Peter Tugwell Mrs Joy Tugwell Mr Andrew Tugwell Mr Ashley Morton Mr Mark Tugwell Mr Bradley Morton

Registered office

18 Tamar Close Bere Alston Yelverton Devon PL20 7HF

Accountants

Gibbs & Co Chartered Accountants 18 Tamar Close Bere Alston Yelverton Devon PL20 7HF

Emlin Estates Ltd

(Registration number: 08198324)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Fixed assets
Investment property	4	900,000	900,000
Current assets
Debtors	5	55	55
Cash at bank and in hand		1,155	2,363
		1,210	2,418
Creditors: Amounts falling due within one year	6	(311,177)	(359,368)
Net current liabilities		(309,967)	(356,950)
Total assets less current liabilities		590,033	543,050
Provisions for liabilities		(24,237)	(24,237)
Net assets		565,796	518,813
Capital and reserves
Called up share capital	7	55	55
Profit and loss account		565,741	518,758
Shareholders' funds		565,796	518,813

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 15 September 2021 and signed on its behalf by:
 

.........................................

Mr Peter Tugwell
Director

Emlin Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Tamar Close
Bere Alston
Yelverton
Devon
PL20 7HF

The principal place of business is:
5 Deer Park Lane
Tavistock
Devon
PL19 9HB

These financial statements were authorised for issue by the Board on 15 September 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2020 - 6).

4	Investment properties

	2021 £
At 1 April	900,000
At 31 March	900,000

The properties are valued on an open market basis and were valued externally during 2017. Mr P Tugwell has examined the value of the properties as at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

Emlin Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

5

Debtors

	2021 £	2020 £
Other debtors	55	55
	55	55

6

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Taxation and social security	13,377	13,668
Accruals and deferred income	700	2,000
Other creditors	297,100	343,700
	311,177	359,368

7	Share capital

Allotted, called up and not fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary class 1 of £1 each	10	10	10	10
Ordinary class 2 of £0.10 each	450	45.00	450	45.00
	460	55	460	55

Included in the profit and loss reserve are undistributed reserves of £160,604 (2020: £160,604) in respect of investment property revaluations.