Ivoryland Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01919390 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

IVORYLAND LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C Conyers

J A Conyers

SECRETARY:

C Conyers

REGISTERED OFFICE:

Woodvale Pensax

Stocton

Worcester

WR6 6XJ

REGISTERED NUMBER:

01919390 (England and Wales)

ACCOUNTANTS:

A W Walker & Co

8 Fairford Close

Prospect Grange

Solihull

B91 1JF

FIXED ASSETS

Investment property

4

187,500

158,711

CURRENT ASSETS

Debtors

5,055

3,624

Cash at bank

12,221

1,186

17,276

4,810

CREDITORS

Amounts falling due within one year

106,490

117,657

NET CURRENT LIABILITIES

(89,214

)

(112,847

)

TOTAL ASSETS LESS CURRENT LIABILITIES

98,286

45,864

PROVISIONS FOR LIABILITIES

4,153

-

NET ASSETS

94,133

45,864

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

94,131

45,862

SHAREHOLDERS' FUNDS

94,133

45,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2018 and were signed on its behalf by:

C Conyers - Director

1.	STATUTORY INFORMATION

Ivoryland 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

Turnover consists of Rents, Ground Rents and income from lease extensions.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2016

158,711

Revaluations

28,789

At 30 June 2017

187,500

NET BOOK VALUE

At 30 June 2017

187,500

At 30 June 2016

158,711

Fair value at 30 June 2017 is represented by:

£

Valuation in 2017

187,500

If the investment properties had not been revalued they would have been included at the following historical cost:

2017

2016

£

£

Cost

158,711

158,711

The investment properties were valued on an open market value basis on 30 June 2017 by Orbit Property Management Limited

.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary shares

£1

2

2

6.	RELATED PARTY DISCLOSURES

The Directors have made an interest free loan to the Company of £100,073 (2016

£116,073) which is repayable on demand.

7.

CONTROL

The company is under the control of the directors.