Accounts filed on 30-06-2018


ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2018





DIRECTORS
Mr JH Jackson



SECRETARY
Miss N Claydon


REGISTERED OFFICE
The Lodge
Park Road
Shepton Mallet
Somerset
BA4 5BS


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02799224


ACCOUNTS
FOR THEYEARENDED30 JUNE 2018



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30 June 2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,358,223		1,363,966

CURRENT ASSETS
Debtors	4	15,084		13,544
Cash at bank and in hand		15,345		18,611
		30,429		32,155
CREDITORS: Amounts falling due within one year	5	27,542		28,707
NET CURRENT ASSETS			2,887		3,448
TOTAL ASSETS LESS CURRENT LIABILITIES			1,361,110		1,367,414


CREDITORS: Amounts falling due after more than one year	6		700,000		700,000


PROVISIONS FOR LIABILITIES AND CHARGES	8		-		799

NET ASSETS			661,110		666,615

CAPITAL AND RESERVES

Called up share capital	9		85,500		85,500
Share premium account	10		4,582		4,582
Profit and loss account			571,028		576,533
SHAREHOLDERS' FUNDS			661,110		666,615

For the year ending 30 June 2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 19 March 2019 and signed on their behalf by



.............................
Mr JH Jackson
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%




1c. Investment Properties
Investment properties are included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.




3. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 1 July 2017	1,362,002	1,362,002
Revaluation	(5,252)	(5,252)
At 30 June 2018	1,356,750	1,356,750
The fair value of the investment property is comprised of freehold and long leasehold investment properties in the Bedminster, Redfield and Easton areas of Bristol. The directors having considered the current economic climate and its effect on property prices, have valued the property at the balance sheet date on an untenanted basis and the properties are shown at this fair value.
During the year ended 30 June 2018, the revaluation in the year of £5,505 was debited to the profit and loss account in accordance with FRS 102.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Prepayments	3,380	3,245
Accrued income	11,704	10,299
	15,084	13,544




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	6,905	8,389
Trade creditors	1,200	1,200
Other creditors	12,609	12,609
Accruals	6,828	6,509
	27,542	28,707




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Bank loans (secured) >1yr	700,000	700,000
	700,000	700,000

The bank loan of £700,000 is secured by fixed charges over the investment property.




9. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
36000 Equity Ordinary shares of £0.90 each	32400	32400
59000 Non-Equity Preference shares of £0.90 each	53100	53100
	85,500	85,500


In a winding up or other return of capital, the preference shares have priority to any other class of shares in so far as the payment for any arrears of preference dividends and an amount equal to the nominal value of each preference share, together with a premium of 76 pence per preference share.




11. RETAINED EARNINGS BREAKDOWN
Included in retained earnings is £450,359 (2017 - £454,812) of profits which are not available for distribution as they are unrealised.