Jaguar Estates Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02190562 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JAGUAR ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R G Wadsworth

Mr T J Wadsworth

Mr P R Herbert

SECRETARY:

Mrs M Wadsworth

REGISTERED OFFICE:

201 High Street

Ecclesfield

Sheffield

S35 9XB

REGISTERED NUMBER:

02190562 (England and Wales)

ACCOUNTANTS:

Gibson Booth Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

Yorkshire Bank Plc

Fargate

Sheffield

South Yorkshire

S1 1LL

FIXED ASSETS

Tangible assets

3

3,197

4,244

Investments

4

-

2,174

Investment property

5

838,130

838,130

841,327

844,548

CURRENT ASSETS

Stocks

6

307,246

627,073

Debtors

7

2,349,229

2,260,151

Cash at bank

145,124

159,902

2,801,599

3,047,126

CREDITORS

Amounts falling due within one year

8

1,324,128

1,341,875

NET CURRENT ASSETS

1,477,471

1,705,251

TOTAL ASSETS LESS CURRENT LIABILITIES

2,318,798

2,549,799

CREDITORS

Amounts falling due after more than one year

9

144,319

-

NET ASSETS

2,174,479

2,549,799

CAPITAL AND RESERVES

Called up share capital

11

20,500

20,500

Revaluation reserve

12

129,827

129,827

Retained earnings

2,024,152

2,399,472

SHAREHOLDERS' FUNDS

2,174,479

2,549,799

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 for issue by the Board of Directors on 21 December 2017 and were signed on its behalf by:

Mr R G Wadsworth - Director

1.	STATUTORY INFORMATION

Jaguar Estates 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.

The financial statements are presented in sterling which is the functional currency of the

company and rounded to the nearest pound.

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.

This is the first year that the company has presented its financial statements under Financial

Reporting Standard 102 (FRS102) issued by the Financial Reporting Council. The last

financial statements for the year ended 31 March 2016 were prepared under previous UK

GAAP, and the transition date is therefore 1 April 2015. At the date of transition, no

adjustments were required.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies

that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation

uncertainty at the reporting date that have a significant risk of causing material adjustment

to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover is recognised to the extent that the company has obtained the right to

consideration through the performance of its contractual obligations. Where the substance

is that the company's contractual obligations are performed over time, turnover is

recognised as contract activity progresses to reflect the company's partial performance of

its contractual obligations. The amount recognised represents the right to consideration by

reference to the value of work performed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Equipment

-

10% on reducing balance

Office equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property

Investment properties are included in the balance sheet at their open market value.

The market value is assessed by Mr R G Wadsworth, a director, at each balance sheet date.

Changes in the market value are not taken to the profit and loss account but are taken to

the statement of total recognised gains and losses, unless a deficit on an individual

investment property is expected to be permanent, in which case it is charged in the profit

and loss account of the period.

Stocks

Developed properties for sale are valued at the lower of direct costs and net realisable

value. No element of profit is included in the valuation of developed properties for sale.

Properties under development and land & buildings for resale are valued at the lower of

direct costs and net realisable value. No element of profit is included in the valuation of

properties under development and land & buildings for resale.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the

contractual arrangement, as either financial assets, financial liabilities or equity instruments.

An equity instrument is any contract that evidences a residual interest in the assets of the

company after deducting all of its liabilities.

Investments

Investments are stated at cost less any provision for a permanent diminution in value.

3.	TANGIBLE FIXED ASSETS

Motor

Office

Equipment

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

500

6,500

23,106

30,106

DEPRECIATION

At 1 April 2016

402

3,986

21,474

25,862

Charge for year

10

629

408

1,047

At 31 March 2017

412

4,615

21,882

26,909

NET BOOK VALUE

At 31 March 2017

88

1,885

1,224

3,197

At 31 March 2016

98

2,514

1,632

4,244

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2016

2,174

Impairments

(2,174

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

2,174

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2016

and 31 March 2017

838,130

NET BOOK VALUE

At 31 March 2017

838,130

At 31 March 2016

838,130

Fair value at 31 March 2017 is represented by:

£

Valuation in 2007

129,827

Cost

708,303

838,130

If investment property had not been revalued they would have been included at the

following historical cost:

31.3.17

31.3.16

£

£

Cost

708,303

708,303

Investment property was valued on an open market basis on 31 March 2017 by Mr R G Wadsworth, a company director

.

Included within investment property is freehold investment property valued at £235,394

and leasehold investment property valued at £602,736.

6.

STOCKS

31.3.17

31.3.16

£

£

Properties under development

24,816

605,131

Developed properties for sale

258,759

-

Development land & buildings

for resale

23,671

21,942

307,246

627,073

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

26,893

2,500

Amounts owed by group undertakings

1,094,324

-

Other debtors

1,227,711

2,256,317

Prepayments and accrued income

301

1,334

2,349,229

2,260,151

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

30,000

185,441

Trade creditors

5,991

23,166

Amounts owed to group undertakings

249,276

-

Corporation tax

(11,994

)

11,994

Social security and other taxes

1,580

2,645

VAT

9,315

2,426

Other creditors

289,198

369,198

Directors' current accounts

738,012

738,012

Accruals and deferred income

12,750

8,993

1,324,128

1,341,875

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts

144,319

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.17

31.3.16

£

£

Bank loans

174,319

185,441

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

20,500

Ordinary

£1

20,500

20,500

12.

RESERVES

Revaluation

reserve

£

At 1 April 2016

and 31 March 2017

129,827

13.	CONTINGENT LIABILITIES

An unlimited intercompany composite guarantee by and between the company and Jaguar

Estates Investments Limited, Jaguar Residential Limited, Jaguar Property Limited and Barnes

Green Limited. As at 31 March 2017 the balance sue to the bank was £1,271,466.

14.	RELATED PARTY DISCLOSURES

Mr R G Wadsworth has a personal guarantee against banking facilities.

Entities with control, joint control or significant influence over the entity

31.3.17

31.3.16

£

£

Dividend paid to related party

250,000

-

Amounts due from related party

249,276

-

Entities over which the entity has control, joint control or significant influence

31.3.17

31.3.16

£

£

Dividends received

49,132

271,544

Other related parties

31.3.17

31.3.16

£

£

Sales

9,300

5,738

Purchases

3,828

68,527

Net loans to / (from) related parties

79,434

-

Amounts due from related parties

2,709,042

2,629,608

Provisions for doubtful debts

405,298

405,298

Amounts due to related parties

272,059

272,059

15.	ULTIMATE PARENT UNDERTAKING

The ultimate parent undertaking is Jaguar Estates Investments Limited.

The parent company's registered office address is;

201 High Street

Ecclesfield

Sheffield

S35 9XB