De Parys Investments Limited - Accounts to registrar (filleted) - small 18.2

De Parys Investments Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 00568554 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

DE PARYS INVESTMENTS LIMITED

DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

DE PARYS INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: J B Toff
Dr W D Toff





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH





REGISTERED NUMBER: 00568554 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 276 368
Investments 4 600 600
Investment property 5 415,000 415,000
415,876 415,968

CURRENT ASSETS
Debtors 6 1,890 -
Cash at bank 42,846 40,460
44,736 40,460
CREDITORS
Amounts falling due within one year 7 10,841 6,707
NET CURRENT ASSETS 33,895 33,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,771

449,721

CREDITORS
Amounts falling due after more than one
year

8

(153,000

)

(153,000

)

PROVISIONS FOR LIABILITIES (27,579 ) (30,722 )
NET ASSETS 269,192 265,999

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 13,474 13,474
Undistributable fair value
reserve 9 233,958 233,958
Retained earnings 21,660 18,467
SHAREHOLDERS' FUNDS 269,192 265,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

BALANCE SHEET - continued
31 MARCH 2018


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 12 November 2018 and were signed on its behalf
by:





Dr W D Toff - Director


DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

De Parys 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
Turnover represents rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

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 or 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.

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.

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.

Deferred tax is also provided on revaluation gains, based on the tax which would have been accounted for had
the property been sold on the balance sheet date.

DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


3. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2017
and 31 March 2018 14,477
DEPRECIATION
At 1 April 2017 14,109
Charge for year 92
At 31 March 2018 14,201
NET BOOK VALUE
At 31 March 2018 276
At 31 March 2017 368

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2017
and 31 March 2018 600
NET BOOK VALUE
At 31 March 2018 600
At 31 March 2017 600

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 415,000
NET BOOK VALUE
At 31 March 2018 415,000
At 31 March 2017 415,000

Fair value at 31 March 2018 is represented by:

£   
Valuation in 1998 47,114
Valuation in 2001 40,000
Valuation in 2002 6,062
Valuation in 2008 44,938
Valuation in 2011 34,000
Valuation in 2015 130,000
Cost 112,886
415,000

Investment property was valued on an open market basis on 31 March 2018 by the directors .

DE PARYS INVESTMENTS LIMITED (REGISTERED NUMBER: 00568554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,890 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Tax 676 784
VAT 732 1,007
Other creditors 6,250 1,833
Accrued expenses 3,183 3,083
10,841 6,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
JD Toff loan 153,000 153,000

Subsequent to the year end, this loan was assigned to to the benefit of Mrs J B Toff.

9. RESERVES
Undistributable
fair
value
reserve
£   
At 1 April 2017
and 31 March 2018 233,958

10. RELATED PARTY DISCLOSURES

The company pays interest at a commercial rate on an advance of £153,000 by the directors.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DE PARYS INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the directors 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 Income Statement 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 De Parys Investments Limited for the year ended 31 March 2018 which comprise the Profit and
Loss Account, 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 De Parys 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 De Parys Investments Limited and state those matters that we have agreed to state to the Board of Directors of De Parys 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 De Parys Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that De Parys 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 De Parys Investments Limited. You consider that De Parys 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 De Parys 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.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


14 November 2018