Fixlands Limited - Accounts to registrar - small 17.2

Fixlands Limited - Accounts to registrar - small 17.2

FIXLANDS LIMITED - Company Information

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REGISTERED NUMBER: 02156712 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2016

for

Fixlands Limited

Fixlands Limited (Registered number: 02156712)






Contents of the Financial Statements
for the Year Ended 30 September 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fixlands Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: M R Feeny
C D Thompson





SECRETARY: M R Feeny





REGISTERED OFFICE: 3 Bull Hill
Little Neston
Neston
Wirral
CH64 4DN





REGISTERED NUMBER: 02156712 (England and Wales)





ACCOUNTANTS: Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Page 1
Fixlands Limited (Registered number: 02156712)

Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 299 373
Investments 3 1 1
Investment property 4 2,516,277 2,516,277
2,516,577 2,516,651

CURRENT ASSETS
Debtors 5 642,030 765,763
Cash at bank 17,405 16,989
659,435 782,752
CREDITORS
Amounts falling due within one year 6 153,412 86,526
NET CURRENT ASSETS 506,023 696,226
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,022,600
3,212,877

CREDITORS
Amounts falling due after more than one
year
7
1,052,037
1,118,314
NET ASSETS 1,970,563 2,094,563

CAPITAL AND RESERVES
Called up share capital 9 100 2
Revaluation reserve 10 1,679,189 1,679,189
Profit and loss account 10 291,274 415,372
SHAREHOLDERS' FUNDS 1,970,563 2,094,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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...
Fixlands Limited (Registered number: 02156712)

Balance Sheet - continued
30 September 2016


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 June 2017 and were signed on its behalf by:





M R Feeny - Director


The notes form part of these financial statements

Page 3
Fixlands Limited (Registered number: 02156712)

Notes to the Financial Statements
for the Year Ended 30 September 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Fixtures and fittings - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2015
and 30 September 2016 1,650
DEPRECIATION
At 1 October 2015 1,277
Charge for year 74
At 30 September 2016 1,351
NET BOOK VALUE
At 30 September 2016 299
At 30 September 2015 373

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2015
and 30 September 2016 1
NET BOOK VALUE
At 30 September 2016 1
At 30 September 2015 1

Page 4 continued...
Fixlands Limited (Registered number: 02156712)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

3. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fixlands (Investments) Limited
Nature of business: Property investment
%
Class of shares: holding
Ordinary 100.00
30.9.16 30.9.15
£    £   
Aggregate capital and reserves 143,128 111,893
Profit for the year 31,235 48,712

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2015
and 30 September 2016 2,516,277
NET BOOK VALUE
At 30 September 2016 2,516,277
At 30 September 2015 2,516,277

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Trade debtors 14,713 29,187
Other debtors 38,177 48,692
Taxation - 12,244
Fixlands (Investments) Ltd 589,140 675,640
642,030 765,763

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.16 30.9.15
£    £   
Bank loans and overdrafts 96,740 78,035
Trade creditors 11,026 7,050
Tax 9,742 -
Other creditors 10 -
Directors' current accounts 35,894 1,441
153,412 86,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.16 30.9.15
£    £   
Bank loan 1,052,037 1,118,314

Page 5 continued...
Fixlands Limited (Registered number: 02156712)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

8. PREFERENCE SHARES

Details of preference shares are as follows:

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
100 Ordinary £1 100 2

10. RESERVES
Profit
and loss Revaluation
account reserve Totals
£    £    £   

At 1 October 2015 415,372 1,679,189 2,094,561
Deficit for the year (118,098 ) (118,098 )
Dividends (6,000 ) (6,000 )
At 30 September 2016 291,274 1,679,189 1,970,463

11. ULTIMATE PARENT COMPANY

Colin Thompson Holding Limited is regarded by the directors as being the company's ultimate parent company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is C D Thompson.

Page 6