Eventus (Chapel Lane) Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09828741 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

EVENTUS (CHAPEL LANE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C S Ainscough

REGISTERED OFFICE:

Centurion House

Leyland Business Park

Centurion Way

Leyland

Lancashire

PR25 3GR

REGISTERED NUMBER:

09828741 (England and Wales)

ACCOUNTANTS:

Fairhurst

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

CURRENT ASSETS

Stocks

4

3,120,388

2,128,431

Debtors

5

38,771

6,282

Cash at bank

112,822

6,958

3,271,981

2,141,671

CREDITORS

Amounts falling due within one year

6

3,298,898

8,818

NET CURRENT (LIABILITIES)/ASSETS

(26,917

)

2,132,853

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,917

)

2,132,853

CREDITORS

Amounts falling due after more than one year

7

-

2,135,834

NET LIABILITIES

(26,917

)

(2,981

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(26,918

)

(2,982

)

SHAREHOLDERS' FUNDS

(26,917

)

(2,981

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 May 2018 and were signed by:

C S Ainscough - Director

1.	STATUTORY INFORMATION

Eventus (Chapel Lane) 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.

The company is dependent on the continuing support both financial and management of it's directors and

shareholders, who have confirmed their intention to do so for the coming 12 months.

Stocks

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

Financial instruments

Short term financial assets, including trade and other debtors, are measured at the transaction price. Financial

assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted

amount due.

Short term financial liabilities, including trade and other creditors and bank balances, are measured at the

transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be

measured at the undiscounted amount due.

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 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.

STOCKS

2017

2016

£

£

Stock of land and development costs

3,120,388

2,128,431

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

VAT

3,331

5,671

Deferred tax asset

2,141

611

Prepayments

33,299

-

38,771

6,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,002,955

-

Other loans

2,199,897

-

Trade creditors

72,620

1,533

Other creditors

22,326

-

Accrued expenses

1,100

7,285

3,298,898

8,818

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other loans - 1-2 years

-

2,135,834

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

1,002,955

-

The bank loan is secured by way of a fixed and floating charge over the land and property included within stock.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE PARENT COMPANY

11.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A. The

director has concluded that there are no measurement differences between 'old' UK GAAP and FRS 102 and

accordingly no balances have been restated.