Walmer Place Estate Company Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 02166501 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

WALMER PLACE ESTATE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

Mrs A F Soper

Dr G Williams

G Varian

Mrs M Selwyn

Mr R Lewis

Mrs K Blackburn

P Willoughby

Mrs M E Westhead

Miss J Bissett

Mrs M H Cameron

SECRETARY:

Higson Property Management Services Ltd

REGISTERED OFFICE:

45 Queen Street

Deal

Kent

CT14 6EY

REGISTERED NUMBER:

02166501 (England and Wales)

ACCOUNTANTS:

Higson APS Limited

45 Queen Street

Deal

Kent

CT14 6EY

FIXED ASSETS

Tangible assets

3

16,140

16,140

CURRENT ASSETS

Debtors

4

(72

)

222

Cash at bank

3,063

7,110

2,991

7,332

CREDITORS

Amounts falling due within one year

5

4,544

8,718

NET CURRENT LIABILITIES

(1,553

)

(1,386

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,587

14,754

CAPITAL AND RESERVES

Called up share capital

126

126

Share premium

24,231

24,231

Retained earnings

(9,770

)

(9,603

)

SHAREHOLDERS' FUNDS

14,587

14,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

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

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 by the Board of Directors on 3 November 2018 and were signed on its behalf by:

Mrs M Selwyn - Director

P V Cleary - Director

1.	STATUTORY INFORMATION

Walmer Place Estate Company 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.

Turnover

Turnover represents ground rent receivable.

Tangible fixed assets

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

Land and buildings

-

not provided

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 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.

Freehold investment property

The company holds the reversionary interest in the property that comprises Walmer Place, Walmer, Deal, Kent

together with the buildings erected thereon. The reversionary interest in the freehold has not been depreciated in

the accounts in accordance with the Companies Act 1985, for the overriding purpose of giving a true and fair

view, as in the opinion of the Directors, the reversionary interest has not suffered any impairment in value. If the

interest was to be depreciated over 50 years, in common with other freehold property, a depreciation charge of

£323 per annum would be charged to the profit and loss account.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 July 2017

and 30 June 2018

16,140

NET BOOK VALUE

At 30 June 2018

16,140

At 30 June 2017

16,140

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

(72

)

222

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

4,544

8,718

6.	INVESTMENT

The Company owned 225 HBOS Ordinary shares which were received free of charge when the building society

was floated on the stock exchange. This was converted into 142 shares in Lloyds Banking Group plc when the

banks merged. The market value of this shareholding at 30 June 2018 was £90.

The following reproduces the text of the report prepared for the directors and members 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2018 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Higson APS Limited

45 Queen Street

Deal

Kent

CT14 6EY

3 November 2018