Farleigh Rengen (Four) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10039126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018

FOR

FARLEIGH RENGEN (FOUR) LIMITED

PREVIOUSLY KNOWN AS

ADELARD STEEL (WEST STREET) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R I Lewis

D F Steadman

R S Mulligan

L R Grove

REGISTERED OFFICE:

89 - 95 Redcliff Street

Bristol

BS1 6LU

REGISTERED NUMBER:

10039126 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Clifton

Bristol

BS8 2QX

FIXED ASSETS

Investment property

3

1,350,000

-

CURRENT ASSETS

Debtors

4

13,498

111,531

Cash at bank

8,158

1,791

21,656

113,322

CREDITORS

Amounts falling due within one year

5

(946,450

)

(125,956

)

NET CURRENT LIABILITIES

(924,794

)

(12,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

425,206

(12,634

)

PROVISIONS FOR LIABILITIES

(95,570

)

-

NET ASSETS/(LIABILITIES)

329,636

(12,634

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

329,536

(12,734

)

SHAREHOLDERS' FUNDS

329,636

(12,634

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2019 and were signed on its behalf by:

D F Steadman - Director

1.	STATUTORY INFORMATION

Farleigh Rengen (Four) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The use of the going concern basis of accounting is appropriate because there are no material uncertainties

related to events or conditions that may cast significant doubt about the ability of the company to continue as a

going concern.

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.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

908,945

Revaluations

441,055

At 31 July 2018

1,350,000

NET BOOK VALUE

At 31 July 2018

1,350,000

The property was valued on an open market basis at the year end by the directors of the company, based on

information afforded by recent professional valuations of similar properties.

The values shown above are analysed as follows:

£

Revaluation surplus

441,055

Cost

908,945

Total

1,350,000

The cost of the property of £908,945 includes capitalised finance charges of £58,955.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Other debtors

13,498

111,531

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Bank loans and overdrafts

340,000

-

Trade creditors

36,837

36,431

Amounts owed to group undertakings

563,118

87,494

Other creditors

6,495

2,031

946,450

125,956

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.18

31.7.17

£

£

Bank loans

340,000

-

The bank loans are secured by a fixed charge over the development property of the company and a floating

charge held against the company's assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Retained earnings include both realised and unrealised profits. At the year end the company had distributable

reserves of £nil (2017 - £nil).

9.	POST BALANCE SHEET EVENTS

The company issued 400,000 Redeemable Shares of £1 each after the year end. The Redeemable Shares have no

voting or dividend rights and can be redeemed by the Company serving notice on the shareholders.The holders

of the Redeemable Shares are entitled to repayment upon certain conditions being satisfied which are more fully

explained in the Articles.

10.	PARENT UNDERTAKING

Iesis Limited, whose registered office is at 89 -95 Redcliff Street, Bristol, BS1 6LU, is the parent undertaking

which prepares consolidated financial statements.