| Ennersdale Investments Limited |
| Registered number: |
00522404 |
| Balance Sheet |
| as at 31 March 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
6,410,000 |
|
|
5,700,000 |
|
| Current assets |
| Debtors |
3 |
|
2,482,397 |
|
|
1,612,601 |
|
| Creditors: amounts falling due within one year |
4 |
|
(207,450) |
|
|
(157,074) |
|
| Net current assets |
|
|
|
2,274,947 |
|
|
1,455,527 |
|
| Total assets less current liabilities |
|
|
|
8,684,947 |
|
|
7,155,527 |
|
|
| Provisions for liabilities |
|
|
|
(1,257,677) |
|
|
(1,112,220) |
|
|
| Net assets |
|
|
|
7,427,270 |
|
|
6,043,307 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50,000 |
|
|
50,000 |
| Revaluation reserve |
5 |
|
|
5,016,483 |
|
|
4,448,878 |
| Profit and loss account |
|
|
|
2,360,787 |
|
|
1,544,429 |
|
| Shareholders' funds |
|
|
|
7,427,270 |
|
|
6,043,307 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C N Rayner |
| Director |
| Approved by the board on 8 December 2017 |
|
| Ennersdale Investments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
The results for 2016 have been restated to show the change in revaluation of Investment properties within the profit and loss account in a sum of £5,561,098 and the provision for deferred tax in a sum of £1,112,220 in accordance with FRS102. Corresponding amounts have then be transferred to the revaluation reserve and as a result the Balance sheet at 31 March 2016 remains unchanged. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents rents receivable and rental premiums. |
|
|
Tangible fixed assets - Investment Properties |
|
The investment properties are not depreciated but are included at fair value. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
|
|
|
|
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment Properties |
| £ |
|
Cost |
|
At 1 April 2016 |
5,700,000 |
|
Surplus on revaluation |
1,391,405 |
|
Disposals |
(681,405) |
|
At 31 March 2017 |
6,410,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2017 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2017 |
6,410,000 |
|
At 31 March 2016 |
5,700,000 |
|
The investment properties have been revalued by C N Rayner MRICS, a director, on an existing use basis at 31 March 2017 the historic cost amounts to £136,660. |
|
|
| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Amounts owed by related undertakings |
|
2,348,403 |
|
1,415,473 |
|
Other debtors |
133,994 |
|
197,128 |
|
|
|
|
|
|
2,482,397 |
|
1,612,601 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Taxation and social security costs |
203,244 |
|
152,935 |
|
Other creditors |
4,206 |
|
4,139 |
|
|
|
|
|
|
207,450 |
|
157,074 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Revaluation reserve |
2017 |
|
2016 |
| £ |
£ |
|
|
At 1 April 2016 |
4,448,878 |
|
- |
|
Gain on revaluation of land and buildings net of deferred tax |
567,605 |
|
4,448,878 |
|
|
At 31 March 2017 |
5,016,483 |
|
4,448,878 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Controlling party |
|
|
The company is controlled by C N Rayner, a director, by virtue of his controlling shareholding in the company. |
|
|
| 7 |
Other information |
|
|
Ennersdale Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Christopher Wren House |
|
40 West Street |
|
Reigate |
|
Surrey |
