Escalian Investments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00809619 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

ESCALIAN INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N A H De Pons

Mrs G D Ironside

SECRETARY:

N A H De Pons

REGISTERED OFFICE:

Virginia House

56 Warwick Road

Solihull

United Kingdom

West Midlands

B92 7HX

REGISTERED NUMBER:

00809619 (England and Wales)

ACCOUNTANTS:

Financial Accounting Services Limited

Virginia House

56 Warwick Road

Solihull

United Kingdom

West Midlands

B92 7HX

FIXED ASSETS

Investment property

4

1,006,252

780,676

CURRENT ASSETS

Debtors

5

9,924

125

Cash at bank

7,603

40,475

17,527

40,600

CREDITORS

Amounts falling due within one year

6

76,577

38,968

NET CURRENT (LIABILITIES)/ASSETS

(59,050

)

1,632

TOTAL ASSETS LESS CURRENT LIABILITIES

947,202

782,308

CREDITORS

Amounts falling due after more than one year

7

(294,977

)

(137,430

)

PROVISIONS FOR LIABILITIES

(107,078

)

(107,078

)

NET ASSETS

545,147

537,800

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

428,316

428,316

Retained earnings

116,731

109,384

SHAREHOLDERS' FUNDS

545,147

537,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 5 December 2017 and were signed on its behalf by:

N A H De Pons - Director

1.	STATUTORY INFORMATION

Escalian Investments 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

The turnover shown in the profit and loss account represents rents receivable during the year

Investment property

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 1 (2016 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

780,676

Additions

225,576

At 31 March 2017

1,006,252

NET BOOK VALUE

At 31 March 2017

1,006,252

At 31 March 2016

780,676

The properties were revalued by the directors based on advice given by independent chartered surveyors. These market

values were based upon current existing use

On historical cost basis, leasehold land and buildings would have been included at £44,606 (2016 - £44606)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

9,780

-

Other debtors

144

125

9,924

125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

70

59

Amounts owed to participating interests

-

20,000

Taxation and social security

1,837

1,439

Other creditors

74,670

17,470

76,577

38,968

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

294,977

137,430

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

294,977

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

294,977

-

9.

RESERVES

Fair

value

reserve

£

At 1 April 2016

and 31 March 2017

428,316

10.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors by virtue of their ability to act in concert in respect of the

financial and operating policies of the company.