Taylor Fry Investments Limited - Accounts to registrar - small 17.2

Taylor Fry Investments Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 03529922(England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2017

for

TAYLOR FRY INVESTMENTS LIMITED

TAYLOR FRY INVESTMENTS LIMITED (REGISTERED NUMBER: 03529922)

Contents of the Financial Statements
for the year ended 31st March 2017










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


TAYLOR FRY INVESTMENTS LIMITED

Company Information
for the year ended 31st March 2017







DIRECTORS: Mr M Fry
Mr J Taylor





SECRETARY: Mr M Fry





REGISTERED OFFICE: The Old Exchange
234 Southchurch Road
Southend on Sea
Essex
SS1 2EG





REGISTERED NUMBER: 03529922(England and Wales)





ACCOUNTANTS: Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Taylor Fry Investments Limited


The following reproduces the text of the report prepared for the directors and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other
primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Taylor Fry Investments Limited for the year ended 31st March 2017 which comprise the Profit
and Loss Account, Other Comprehensive Income, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Taylor Fry Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Taylor Fry Investments Limited and state those matters that we have agreed to state to the Board of Directors of Taylor Fry Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taylor Fry Investments Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Taylor Fry Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Taylor Fry Investments Limited. You consider that Taylor Fry Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Taylor Fry Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Barrons
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


20th December 2017

TAYLOR FRY INVESTMENTS LIMITED (REGISTERED NUMBER: 03529922)

Balance Sheet
31st March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 495,000 412,035

CURRENT ASSETS
Investments 5 290,333 290,333
Cash at bank 62,654 37,418
352,987 327,751
CREDITORS
Amounts falling due within one year 6 79,459 100,855
NET CURRENT ASSETS 273,528 226,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

768,528

638,931

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 768,526 638,929
SHAREHOLDERS' FUNDS 768,528 638,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 20th December 2017and were signed on its behalf
by:



Mr M Fry- Director


TAYLOR FRY INVESTMENTS LIMITED (REGISTERED NUMBER: 03529922)

Notes to the Financial Statements
for the year ended 31st March 2017


1. STATUTORY INFORMATION

Taylor Fry 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 as modified by the revaluation of certain assets.

Turnover
The turnover is measured as the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes. Turnover wholly consists of rental income from the investment
properties held which are accounted for on an accruals basis.

Investment properties
Investment properties are shown at most recent valuations. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to
related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost
using the effective interest method, less any impairment.

TAYLOR FRY INVESTMENTS LIMITED (REGISTERED NUMBER: 03529922)

Notes to the Financial Statements - continued
for the year ended 31st March 2017


2. ACCOUNTING POLICIES - continued

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related
parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,
where the debt instrument is measured at the present value of the future payments discounted at a market rate of
interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any
impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and
other short-term highly liquid investments that mature in no more than three months from the date of acquisition
and that are readily convertible to known amount of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2016 - 2) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2016 412,035
Revaluations 82,965
At 31st March 2017 495,000
NET BOOK VALUE
At 31st March 2017 495,000
At 31st March 2016 412,035

Investment properties were valued on an open market basis on 31st March 2017 by a company director.

Cost or valuation at 31st March 2017 is represented by:

£   
Valuation in 2017 82,965
Cost 412,035
495,000

5. CURRENT ASSET INVESTMENTS
2017 2016
£    £   
Other 290,333 290,333

TAYLOR FRY INVESTMENTS LIMITED (REGISTERED NUMBER: 03529922)

Notes to the Financial Statements - continued
for the year ended 31st March 2017


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 11,566 11,347
Other creditors 67,893 89,508
79,459 100,855

7. RELATED PARTY DISCLOSURES

As at the balance sheet date there were directors' current account balances totalling £52,919 (2016: £74,919).

8. TRANSITION TO FRS 102

This is the first year the Company has presented its results under FRS 102. The last financial statements under
UK GAAP were for the year ended 31 March 2016. The date of transition to FRS 102 was 1 April 2015. There
are no transitional adjustments arising from the first time adoption of FRS 102.

9. DISTRIBUTABLE RESERVES

Following adoption of FRS 102 retained earnings as disclosed on the face of the balance sheet also include
revaluation gains. These are not distributable reserves. The actual distributable reserves as at the balance sheet
date were £685,561 (2016: £638,929).