Ilex Properties Limited Filleted accounts for Companies House (small and micro)
Ilex Properties Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09079009
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FOR THE YEAR ENDED |
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ABRIDGED STATEMENT OF FINANCIAL POSITION |
2018 |
2017 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
Investments |
4 |
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CURRENT ASSETS
Debtors |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
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NET CURRENT ASSETS |
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--------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
27 March 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
09079009
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NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
YEAR ENDED 30 JUNE 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 - 16 Prudential Buildings, 61 St Petersgate, Stockport, SK1 1DH, Cheshire.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Corporation tax
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Investments
£ |
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Cost |
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At 1 July 2017 |
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Additions |
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At 30 June 2018 |
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Impairment |
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At 1 July 2017 and 30 June 2018 |
– |
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Carrying amount |
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At 30 June 2018 |
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---- |
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At 30 June 2017 |
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---- |
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5.
Related party transactions
Included in debtors falling due within one year is an amount of £1,313,975 (2017: £857,245) owed by Assembly Property Holdings Limited and an amount of £259,191 (2017: £nil) owed by Avalon (Knutsford) Limited. No interest has been charged by the company in respect of these loans which are repayable on demand.
6.
Controlling party
The company was under the control of
Mr E S C Blood, a director, and members of his close family
throughout the the current and previous year.