| Ennersdale Investments Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Ennersdale Investments Limited for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Ennersdale Investments Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| Elliott & Partners |
| Chartered Accountants |
| 1 Sudley Terrace |
| High Street |
| Bognor Regis |
| West Sussex |
| PO21 1EY |
|
| 22 November 2016 |
|
| Ennersdale Investments Limited |
| Registered number: |
00522404 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
5,700,000 |
|
|
139,722 |
|
| Current assets |
| Debtors |
|
|
1,612,601 |
|
|
1,570,214 |
|
| Creditors: amounts falling due within one year |
|
|
(157,074) |
|
|
(144,996) |
|
| Net current assets |
|
|
|
1,455,527 |
|
|
1,425,218 |
|
| Total assets less current liabilities |
|
|
|
7,155,527 |
|
|
1,564,940 |
|
|
| Provisions for liabilities |
|
|
|
(1,112,220) |
|
|
- |
|
|
| Net assets |
|
|
|
6,043,307 |
|
|
1,564,940 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
50,000 |
|
|
50,000 |
| Revaluation reserve |
|
|
|
4,448,878 |
|
|
- |
| Profit and loss account |
|
|
|
1,544,429 |
|
|
1,514,940 |
|
| Shareholders' funds |
|
|
|
6,043,307 |
|
|
1,564,940 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C N Rayner |
| Director |
| Approved by the board on 22 November 2016 |
|
| Ennersdale Investments Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
The company has changed its accounting policy at 31 March 2016 in anticipation of the adoption of FRS102. Freehold ground rent investments have been restated at current market value with a provision made for deferred tax for the potential liability which may arise on disposal at that value. |
|
|
Turnover |
|
Turnover comprises rentals and service charges receivable |
|
|
Depreciation |
|
Tangible fixed assets are stated at cost. No depreciation has been provided on the freehold investment properties which is a departure from the Companies Act 2006. The properties have been revalued in accordance with the FRSSE and the resulting movement transferred to the revaluation reserve. The departure from the requirements of the Companies Act 2006 is in order to show a true and fair view. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost/ Valuation |
|
Surplus on revaluation |
5,561,098 |
|
Disposals |
(820) |
|
At 31 March 2016 |
5,700,000 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
5,700,000 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
50,000 |
|
50,000 |
|
50,000 |
|
|
|
|
|
|
|
|
|
