Reisel Trust - Accounts to registrar (filleted) - small 18.2

Reisel Trust - Accounts to registrar (filleted) - small 18.2

REISEL TRUST - Company Information

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REGISTERED NUMBER: 04416090 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

REISEL TRUST
REISEL TRUST (REGISTERED NUMBER: 04416090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


REISEL TRUST

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2018







DIRECTORS: P M Noe
C Lerner





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 04416090 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
REISEL TRUST (REGISTERED NUMBER: 04416090)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 7,650,000 7,650,000

CURRENT ASSETS
Debtors 4 75,441 26,030
Cash at bank 394,994 397,297
470,435 423,327
CREDITORS
Amounts falling due within one year 5 456,165 226,924
NET CURRENT ASSETS 14,270 196,403
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,664,270
7,846,403

CREDITORS
Amounts falling due after more than one
year
6
4,039,239
4,149,588
NET ASSETS 3,625,031 3,696,815

RESERVES
Revaluation reserve 8 382,211 382,211
Income and expenditure account 3,242,820 3,314,604
3,625,031 3,696,815

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 surplus or deficit 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 notes form part of these financial statements

Page 2 continued...
REISEL TRUST (REGISTERED NUMBER: 04416090)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 April 2019 and were signed on its behalf by:





P M Noe - Director


The notes form part of these financial statements

Page 3
REISEL TRUST (REGISTERED NUMBER: 04416090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2018

1. STATUTORY INFORMATION

Reisel Trust is a private company, limited by guarantee , 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.

Changes in accounting policies
The company has adopted FRS 102 for the first time in the preparation of these accounts. Accordingly the date
of transition to FRS 102 was 1 May 2015 (beginning of the accounting period of comparative year).

In transition to FRS 102, the company has elected to take exemption available to small company regarding
disclosure requirement of first year adoption.

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

3. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 May 2017
and 30 April 2018 7,650,000
NET BOOK VALUE
At 30 April 2018 7,650,000
At 30 April 2017 7,650,000

Cost or valuation at 30 April 2018 is represented by:

Freehold
property
£   
Valuation in 2006 307,211
Valuation in 2007 75,000
Cost 7,267,789
7,650,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade debtors 70,472 8,917
Other debtors 4,969 17,113
75,441 26,030

Page 4 continued...
REISEL TRUST (REGISTERED NUMBER: 04416090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2018

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade creditors 1 -
Other creditors 456,164 226,924
456,165 226,924

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.18 30.4.17
£    £   
Bank loans 4,039,239 4,149,588

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 3,091,000 3,091,000

Repayable by instalments
Bank loans more 5 yr by instal 948,239 1,058,588

7. SECURED DEBTS

The following secured debts are included within creditors:

30.4.18 30.4.17
£    £   
Bank loans 4,039,239 4,149,588

The mortgage is secured by a first charge over the company's investment properties and bear interest at variable
rates.

8. RESERVES
Revaluation
reserve
£   
At 1 May 2017
and 30 April 2018 382,211

Page 5