County & Capital Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02554922 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

County & Capital Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P B Mitchell

Mrs A Mitchell

REGISTERED OFFICE:

12 Prowse Avenue

Bushey Heath

Hertfordshire

WD23 1JR

REGISTERED NUMBER:

02554922 (England and Wales)

ACCOUNTANTS:

K Khiroya, AFA

LMK Accounting Ltd

67 Southfield Avenue

Watford

Hertfordshire

WD24 7DX

FIXED ASSETS

Investment property

4

1,190,000

1,190,000

CURRENT ASSETS

Debtors

5

297,006

272,849

Cash at bank

9,489

564

306,495

273,413

CREDITORS

Amounts falling due within one year

6

19,529

12,054

NET CURRENT ASSETS

286,966

261,359

TOTAL ASSETS LESS CURRENT LIABILITIES

1,476,966

1,451,359

CREDITORS

Amounts falling due after more than one year

7

(476,785

)

(490,785

)

PROVISIONS FOR LIABILITIES

(103,674

)

(103,674

)

NET ASSETS

896,507

856,900

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

657,901

657,901

Retained earnings

9

238,506

198,899

SHAREHOLDERS' FUNDS

896,507

856,900

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 May 2019 and were signed on its behalf by:

P B Mitchell - Director

1.	STATUTORY INFORMATION

County & Capital Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue, described as turnover represents rents receivable and income from property trading. Rents are

recognised in accordance with the due dates under the lease agreements.

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 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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with

banks, other short-term liquid investments with original maturities of three months or less, and

bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102

Section 11.

Basic financial instruments, which include trade and other receivables and payables, cash and bank

balances, are recognised at amortised cost.

Advanced financial instruments which include interest rate swaps and forward foreign exchange contracts, are

initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2017

and 31 August 2018

1,190,000

NET BOOK VALUE

At 31 August 2018

1,190,000

At 31 August 2017

1,190,000

The investment properties have been valued by the directors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Other debtors

297,006

272,849

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

2,117

2,992

Taxation and social security

13,657

5,307

Other creditors

3,755

3,755

19,529

12,054

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans

476,785

490,785

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

476,785

490,785

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.18

31.8.17

£

£

Bank loans

476,785

490,785

The bank loans are secured by a fixed charge over the company's investment properties.

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 September 2017

198,899

657,901

856,800

Profit for the year

39,607

39,607

At 31 August 2018

238,506

657,901

896,407