Bert Garrod Limited - Accounts to registrar - small 17.2

Bert Garrod Limited - Accounts to registrar - small 17.2

BERT GARROD LIMITED - Company Information

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REGISTERED NUMBER: 00593292 (England and Wales)















Financial Statements for the Year Ended 31 December 2016

for

Bert Garrod Limited

Bert Garrod Limited (Registered number: 00593292)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bert Garrod Limited

Company Information
for the Year Ended 31 December 2016







DIRECTORS: N A Garrod
J N Garrod





SECRETARY: Mrs S Garrod





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 00593292 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY
Page 1
Bert Garrod Limited (Registered number: 00593292)

Statement of Financial Position
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 6,456 7,643
Investments 4 350,036 350,033
Investment property 5 1,300,000 1,300,000
1,656,492 1,657,676

CURRENT ASSETS
Debtors 6 418,478 314,554
Cash at bank 78,653 123,045
497,131 437,599
CREDITORS
Amounts falling due within one year 7 23,155 24,870
NET CURRENT ASSETS 473,976 412,729
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,130,468
2,070,405

PROVISIONS FOR LIABILITIES 77,053 77,053
NET ASSETS 2,053,415 1,993,352

CAPITAL AND RESERVES
Called up share capital 132 132
Share premium 318,028 318,028
Fair value reserve 8 744,264 744,264
Retained earnings 990,991 930,928
SHAREHOLDERS' FUNDS 2,053,415 1,993,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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...
Bert Garrod Limited (Registered number: 00593292)

Statement of Financial Position - continued
31 December 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.

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 16 September 2017 and were signed on
its behalf by:





N A Garrod - Director


The notes form part of these financial statements

Page 3
Bert Garrod Limited (Registered number: 00593292)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

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

Turnover
Represents rents received, excluding value added tax.

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 - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at the year end valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a fair value reserve.

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 statement of financial position date.

Listed investments
All investments are stated at market value at the balance sheet date.

Page 4 continued...
Bert Garrod Limited (Registered number: 00593292)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2016
and 31 December 2016 28,041
DEPRECIATION
At 1 January 2016 20,398
Charge for year 1,187
At 31 December 2016 21,585
NET BOOK VALUE
At 31 December 2016 6,456
At 31 December 2015 7,643

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 350,000 2,983 352,983
PROVISIONS
At 1 January 2016 - 2,950 2,950
Provision for year - (3 ) (3 )
At 31 December 2016 - 2,947 2,947
NET BOOK VALUE
At 31 December 2016 350,000 36 350,036
At 31 December 2015 350,000 33 350,033

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016
and 31 December 2016 1,300,000
NET BOOK VALUE
At 31 December 2016 1,300,000
At 31 December 2015 1,300,000

The investment property fair value of £1,300,000 included in the profit for the year was determined by
N Garrod.

Page 5 continued...
Bert Garrod Limited (Registered number: 00593292)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

6. DEBTORS
2016 2015
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 39,438 2,301
Other debtors - 180,868
Directors' current accounts 184,610 129,843
Called up share capital not paid 159,025 -
Prepayments & accrued Income 2,944 1,542
386,017 314,554

Amounts falling due after more than one year:
Tax 32,461 -

Aggregate amounts 418,478 314,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Tax 15,312 11,721
Accruals and deferred income 7,843 13,149
23,155 24,870

8. RESERVES
Fair
value
reserve
£   
At 1 January 2016
and 31 December 2016 744,264

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2016 a director of the company owed the company £184,610 (2015 : £129,843).
During the year he introduced capital totalling £552,293 and made withdrawals totalling £607,060. The
maximum amount outstanding during the year was £294,236.

This loan is interest free and has no fixed repayment terms.

10. RELATED PARTY DISCLOSURES

The Director in the note above is N A Garrod.

11. FIRST YEAR ADOPTION

Transitional relief
On transition to FRS 102, the company has taken advantage of the following transitional relief:

• to measure fair value at date of transition to FRS 102 and use as deemed cost on an investment
property;
• to measure investment in subsidiaries, associates and joint ventures at cost determined in
accordance with deemed cost;

Page 6